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

RT @Sophie_Jones_HJ: Fascinating day of talks #medicallawconference #WadhamCollegeOxford @serjeantsinn hosting @HughJamesLegal attending ht… 12 hours ago


Join us for a JCT update and bacon roll! Our Construction Breakfast returns Tuesday 18 October 2016. 20 hours ago

Just 10 days to go until #Procurex #Wales Come and say hello to our @PublicSector_HJ team on stand 28! 22 hours ago

Great feedback for our @TrainingHJ team who are able to offer a wide variety of #Training #Courses 23 hours ago…

@wilkinsonpr @WalesOnline @WOWalesOnline Our mistake! A little too eager this morning! 2 days ago


RT @abuse_justice: A busy morning so far in Zurich @HughJamesLegal 3 days ago


The closing date for our Legal Assistant and Paralegal roles is today! - #Vacancies #Cardiff 4 days ago

Urgent notice for those who wrongly paid for care in Wales (Oct 14 - Oct 15) Deadline is looming to apply for refund 4 days ago

Great to see our partner Tracey make the list | @WalesOnline Top Young #Business & Professional Women in #Wales 5 days ago

RT @PublicSector_HJ: Blog post by @caffaelcymru of @HughJamesLegal on #development agreements outside the public #procurement regime https… 5 days ago


We are shortlisted for Legal Team of the Year at the @insiderwales 2016 #DealmakersAwards tonight - good luck to all nominees, see you soon! 5 days ago


Following on from last weeks construction breakfast here's our @Property_HJ blog | JCT vs. NEC – 10 Key Difference - 5 days ago

We are attending the @WalesCoOpCentre #Social #Business Awards & Conference - Pop along and see @PublicSector_HJ 5 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