Friday, 23 September 2011

£760m green energy scheme could revive Birmingham industry

A £760 million investment in green energy could kick-start a new era in Birmingham’s manufacturing history, Birmingham City Council has claimed.

A Green Energy Savers programme will see 114,000 houses, public buildings and commercial properties in the city retrofitted with solar panels and other energy saving measures over the next 15 years.

It is the most ambitious of measures being taken by the city council to reduce Birmingham’s carbon footprint by 60 per cent by 2026.

The scheme will see the city council borrow money to buy and install solar panels on a small number of properties, then use cash generated under a Feed In Tariff scheme and its replacement the Government’s new Green Deal initiative to both finance further loans and reinvest in an increasing number of properties

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