The Co-operative Bank just announced that its business in the solar energies products it has funded soared in 2012, it was a very good year in terms of demand from entrepreneurs which were looking for investing in this area, the amount of lending almost triple in this period.
As as we speak, the Co-operative Bank lent ~230 million pounds in the first 2 quarters of 2012 and the expectations are high for the rest of the year, there is no sign in diminishing of demand for such financial products.
As mr. James Sutcliffe, Renewable Energy Manager at The Co-operative Bank, eloquently said:
“We have seen the UK public begin to embrace renewable energy as a viable alternative to traditional energy sources and nowadays it is not only companies who are investing in renewable energy projects.”
“The Co-operative Bank continues to fund a large number of community renewable energy schemes, where profits are invested back into the communities that own them, in some cases with projected incomes of millions of pounds over 20 years. At a time when many communities are fighting for survival from the wider economic challenges, small to medium renewable energy schemes provide them an opportunity for communities to become sustainable, creating local jobs and diversifying local economies.”
The Co-operative bank has a long term project for investing in solar energies, part of the Group's Ethical Plan, launched in 2007 and it expects to lend 1 billion pounds until 2020 in this business sector.
The plan is also keen to support local communities in building and developing their own sustainable energy projects.
For more information and news about solar energies in the UK, you may visit here anytime:
http://www.solar-energy.co.uk/
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