Environmental analysis news: Green energy investments are "the future"

Businesses need to invest in green energy projects because governments alone cannot fund them, according to a renewable solutions firm.

Antony Blakey, founder and executive chairman of Ultra Green, said: "You've really got to have an alternative energy system that pays for itself with or without grants and if you can't do that you're living in dreamland, because no government can afford to subsidise green energy on any scale."

Businesses will need to use renewable energy from installations they build themselves, the expert added.

His comments follow this week's announcement that Google is investing £25.6 million in two wind farms. Their combined energy potential is 169.5 megawatts, the equivalent power needed to supply 55,000 homes.

Ultra Green wants to encourage both large and small businesses to generate their own green power for long-term renewable energy security. Mr Blakely added that organisations only need a "few things" to be 100 hundred per cent independent: a waste recycler, a wind power system and a switching system.

As well as Google, in March 2010 investment firm Novus Modus set aside £180 million to build its own wind turbines.

Posted by Joseph Hutton