Barclays has just announed the launch of a new £100 million fund to provide loans for UK farmers to install renewable energy, so more can follow in the footsteps of Michael Eavis.

Barclays has just announed the launch of a new £100 million fund to provide loans for UK farmers to install renewable energy, so more can follow in the footsteps of Michael Eavis with his famous 200kWp solar PV array on the cowshed roof at Worthy Farm. Research by the banking group showed that over a third of the 200,000 farmers in the UK are hoping to invest in renewable energy, which could generate on average annual returns of £25,000 with the Feed in Tariffs.

The fund will be available for wind and hydro power installations as well as solar, and projected Feed in Tariffs will be used to assess the returns for each loan.

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