generate income from small wind turbines
Payback on small scale wind turbines has just become quicker as double Renewable Obligation Certificate’s (ROC’s) become available across the UK in April 2009. This means users who produce their own renewable energy will see return on investment in a shorter period.
A ROC is a green certificate that can be issued to those that generate their own renewable energy through a small scale wind turbine or other renewable energy sources. For every megawatt hour (MWh) of eligible renewable energy generated you will receive a payback from a licensed electricity utility company.
Andrew McMullan, CEO of Proven Energy said “This is a step forward for the small wind industry. It makes wind turbines even more attractive to potential buyers as the pay back periods are further reduced”.
The Renewables Obligation is driven by a responsibility on UK electricity suppliers to source a portion of their electricity from renewable sources. Independent production helps electricity suppliers meet this obligation.
The Office of Gas and Electricity Markets (OFGEM) says “The Government intends that suppliers will be subject to a renewables obligation until 31 March 2027”.
Example of ROC’s incentives:
The Proven 35 wind turbine has an average annual energy output of 40,000kWh.
Single ROC incentive = £2,060
Double ROC’s incentive = £4,120
1 ROC = 1,000kWh or 1MWh*
Single ROC: For every 1,000kWh generated you receive £51.50**
Double ROC’ : For every 1,000kWh generated you receive £103.00**
*Dependant on each ROC unit generated
**ROC prices dependant on electricity supplier. This is an average price which may fluctuate in the present market.
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