There was a time when innovation in business meant the invention of something completely new which the world had never seen before, such as the turbine generator amongst many others. These days however there doesn’t seem to be much by way of innovation. Anything which is referred to as innovative these days is a new app or different version of an existing website concept.

That’s not necessarily a negative thing. What it shows us is that we’ve developed so far that we now have to shift our attention to solving those of our problems which still haunt us as the human race instead of having to come up with inventions that help us navigate this world we live in.

While the average citizen might start to worry about the negative implications the UK’s resolution to exit the European Union may have, the entrepreneur at heart should be relishing the prospect of taking advantage of some opportunities sure to open up in the energy sector. It’s not unlike a modern day gold rush waiting to take place, or perhaps “green” rush since most of these opportunities will naturally form around the need for the UK to catch up to some of the leading nations in the EU who are closer to meeting their targets to go greener with their energy. Providers of renewable energy insurance Lycetts explores the implications of Brexit, particularly with regards to the new opportunities forming around the energy sector.

We definitely have quite some way to go in the UK if we’re to catch up with the rest of the world in moving more towards generating our power from renewable sources.

Germany, Sweden and Denmark are some of the leaders we’re lagging quite far behind, with Germany producing 38,250 megawatts of solar energy per year, Sweden having exceeded the 2020 target of producing 49% of its energy from renewable sources and Denmark which produces 140% of its electricity exclusively from wind power.

The fact that Scotland goes along with the UK’s exit from the EU leaves a gap though because Scotland supplies 97% of its household energy from wind turbine generation.

The UK has an individual target of generating 15% of its energy from renewable sources by 2020 and it falls short by a full 10%. This means that a lot will have to be done, however it doesn’t mean that nothing has been done at all. There will undoubtedly be more opportunities as the UK tries to make ground on its target, but for the EU the UK’s exit does nothing but boost their figures in relation to their collective targets, even with Scotland leaving as part of the UK.

So if you were an entrepreneur looking to get your slice of the coming green energy revolution, how would you go about it exactly? For starters, there are likely to be incentives given by the government for domestic households to install solar panels, but on a bigger scale you might want to register as a supplier of green energy equipment.

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