Duport announces new growth in green industries

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In research by leading formations experts Duport Associates Ltd, the number of newly-formed ‘green’ companies hit a record high of 166 in February 2012.

They like to know that a business is doing something to lessen its effect on the environment, and that they’re doing business with a company that looks beyond its profit margin as a measure of success

In research by leading UK company formations experts Duport Associates Ltd, the number of newly-formed ‘green’ companies hit a record high of 166 in February 2012.

This boom corresponds with the recent rise in renewable energy companies taking advantage of government grants and incentives to get consumers to use solar power, wind energy or other alternative methods to heat, light and power their homes and workplaces.

“The green market is booming in every industry,” stated Peter Valaitis, Managing Director of Duport Associates Ltd, “there’s growing interest in energy security and renewable sources of power, but there’s also much greater awareness of a company’s environmental impact.”

“In today’s market people are much more aware of companies’ green credentials. They like to know that a business is doing something to lessen its effect on the environment, and that they’re doing business with a company that looks beyond its profit margin as a measure of success.”

With energy prices soaring, many families and businesses are turning to green solutions to help them cut the costs of their energy bills, and provide them with a long-lasting solution to heating and electricity costs.

The rise in popularity of renewable energies such as solar PV panels, led to a corresponding increase in people applying for incentives such as the government’s Feed-In Tariff, which guarantees a rate of 43.3pence per kWh of energy produced.

With the number of people taking advantage of the scheme soaring, the government announced that from 1st April 2012, the basic rate would be reduced to 21p per kWh for systems installed and registered after the 3rd March 2012.

However, the government is restricting the scheme further, requiring that houses will need to show they have a ‘D’ rated Energy Performance Certificate before getting eligibility for this rate. Houses that already have a lower energy rating will only receive 9p per kWh.

With the landscape changing for renewable energy companies, it is uncertain whether the record high of ‘green’ companies registered in February 2012 will be part of a sustained increase in the number of eco-friendly start-ups.

Duport Associates Ltd is a leading UK company formation agent, operating in the UK for around 15 years. Duport registers around 10,000 new companies each year using its Companies House approved software. The Company Register which is maintained by Companies House contains public information about Limited companies and directors.

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