The EU, Brexit and Renewable Energy

There was a time not too long ago when those businesses which realised some explosive success enjoyed those rewards on the back of coming up with a totally new innovation that revolutionised the manner in which we do things. Nowadays however, a business can go on to realise the same explosive success without really coming up with anything new.


That’s actually a good thing because we’ve pretty much figured out as a species what’s good for us and what’s good for the environment, and so we can start moving away from harmful technologies such as the internal combustion engine and move more towards greener, cleaner energies.


Many of the problems we’re still trying to solve as the human race are brought into focus by the UK’s resolution to pull out of the EU, one of which problem is the negative impact we have on our environment. Entrepreneurs and business-minded people who are looking for opportunities to generate some good profits while solving a huge problem we’re still faced with need to look no further than the Brexit to find some real opportunities. The energy sector is undeniably going to experience a transformation and providers of renewable energy insurance Lycetts have zoned-in on the implications of the UK’s exit on the European Union’s resolution to meet certain targets they set for themselves around moving more towards using greener, renewable energy.


There is lot of room for us to catch up to the rest of the world in generating more of our energy from renewable sources in the UK.


Some of the leaders which we’re lagging behind include Germany (38,250 megawatts of solar energy production per year), Sweden which has already exceeded its 2020 target of 49% energy consumption sourced from renewables, and Denmark, which produces 140% of its electricity exclusively from wind power.


Scotland’s contribution to reaching the green energy targets set out will be a great loss as it will inevitably leave as part of the UK. 97% of Scotland’s household electricity is generated through wind turbines.


As a collective though, the UK falls 10% short of its target to generate 15% of its energy from renewable resources by 2020. That simply means a lot will need to be done for the UK to step up its game and that is where the opportunity around the green energy sector emerges for entrepreneurs and businesspersons. The EU’s figures will perhaps be impacted positively by the Brexit, however the UK’s green energy sector is already quite a vibrant one.


Governments driving a green energy revolution often incentivise even domestic households to perhaps contribute by installing solar panels. This might be one way of getting your slice of what will undoubtedly be a huge market, otherwise if you want to get involved on a more serious level, supplying green energy equipment is perhaps the easier route to take than being an original products manufacturer. There’s also some great opportunity in the development of integrated solutions and even in monitoring systems that can be as simple as operating as software.