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The Times has started to publish its British Green Rich list annually with the new list out yesterday.
In the face of depleting fossil fuels and the need to find alternative sources of energy these new millionnaires have spotted enormous potential in the green energy market. The list gives a flavour as to which green sectors are commercially evolved in Britain today and flags those technologies likely to continue to grow in the short to medium term future.
Wind energy players take 1st, 11th and 16th places, whilst solar companies take 5th, 6th, 7th, 8th and 20th places. The wind energy sector, despite a near term slow down in growth is expected to grow by 20% per year between 2009 and 2015. The solar sector is growing at a huge 30% per year thanks in part to reduced production costs. Other green millionnaires have made their money from home efficiency technologies, green infrastructure provision, low carbon fuel manufacturers and green consultancy.
Taking the number 1 spot wind energy producer and retailer Ecotricity has been making money from renewable electricity since 1996. Ecotricity’s 48 year old owner Dale Vince is estimated by the Times as being worth £85 million (US $136m).Read: The Times Green Rich List