Hugh James energy team backs RBS and NatWest £50m renewable fund

25 May 2011 | Firm news

Renewable energy legal experts, from nationwide law firm Hugh James, are delighted to hear that RBS and NatWest have bucked the trend to shy away from funding renewable energy initiatives. The two banks announced yesterday that they intend to create a £50m fund specifically for this sector.

The cash will be primarily available to agricultural businesses who are mainly looking to install wind turbines and solar panels. However, funds may also be available for hydro energy and other technologies to reduce their impact on the environment and reduce their soaring energy costs. The fund will also be made available to SMEs.

The Hugh James energy team welcomed the announcement, by Ian Burrow, Head of Agriculture and Renewable Energy at RBS, that the two banks have created a team of 200 nationwide renewable energy experts. This new team will be able to help customers deal with issues surrounding planning, completing feasibility studies and making environmental impact assessments to help speed the process up of application. All members of the new team have been trained on the  technical, legal and financial considerations specific to renewable energy.

According to research undertaken by the two banks, 33 per cent of agriculture businesses want to deploy renewable energy to reduce farm running costs and carbon emissions. NatWest and RBS said the new fund would also contribute to the UK’s target of 15 per cent of energy coming from renewables by 2020.

Ioan Prydderch, Head of Hugh James’ construction, energy & projects team said “We have been waiting for a financial institution to step up to the mark with identifying renewable energy as being of paramount importance. We applaud NatWest and RBS for their commitment to this sector and to their pledge to help UK businesses switch to a more sustainable way of meeting their energy needs”.

Related news


External links

Latest Tweets

Surprise Court of Appeal decision causes concern for suspended possession orders: 2 hours ago

RT @JJPHD: Im on the bikes right now know peeps, awesome charity go and get donating on behalf of @HughJamesLegal #SU2C 🤘🏼👍🏻… 5 hours ago


More pictures to follow soon of the finished masterpieces! 8 hours ago…

Our nursing care team are getting their knit on for the #BigKnit | Raising money for @Agecymru via @Innocent 8 hours ago…

RT @Aidan_Lloyd: Observing a 1 minute silence @HughJamesLegal at 9.15am today - 9 hours ago…

Partner Alan Collins will be on BBC Channel Island's News tonight discussing child protection issues in Jersey 1 day ago


RT @Sophie_Jones_HJ: Alan Collins @abuse_justice speaking on BBC news tonight discussing child protection in Jersey @HughJamesLegal 1 day ago


Lovely surprise delivery from @milkandsugarcdf - these cakes are 👌🏼 1 day ago


Interesting morning at the #BigQ16 with @CIHCymru - looking forward to hearing from the next speakers after lunch 1 day ago


RT @PublicSector_HJ: Thanks @GuildhallLaw Drystone Chambers & @HughJamesLegal for supporting the #LocalAuthority #Training Consortium #info… 2 days ago


The Breast and Implant Registry Launched in England 2 days ago

RT @nationalrailenq: #Gloucester - Customers travelling between South Wales and London should change at Newport for rail replacement coache… 2 days ago


Join @PublicSector_HJ for the #Procuring innovation under the Public Contracts Regulations 2015 seminar -… 2 days ago…

Pleased to announce clinical negligence specialist @Sophie_Jones_HJ promotion to associate… 3 days ago
Our Offices

Hodge House
114 - 116 St. Mary Street
Cardiff, CF10 1DY
Tel: 029 2022 4871
Fax: 029 2038 8222

Map and directions for Cardiff >

Temple Chambers
3-7 Temple Avenue
London, EC4Y 0DA
Tel: 020 7936 3453
Fax: 020 7936 3437

Map and directions for London >
Make an enquiry
ISO 9001 Management Systems BWPNG