Islamic green energy project.
DUBAI: UK-based Simply Sharia, a company of independent financial
advisors, said it has become the first to launch a Sharia-compliant
green energy project.Simply Sharia will take a leading role in the
scheme -- the first of its kind in the Islamic financial world -- along
with partners Gardner Asset Management (GAM) and Shariyah Review
Bureau.The scheme is set to deliver significant benefits to investors by
selling government-backed green energy certificates and electricity to
the grid.The Sharia compliant Green Energy Enterprise Investment Scheme
(EIS) will provide investors with an opportunity to participate as
shareholders of a company in a government-backed renewable energy project delivering revenue from Renewable Obligation Certificates and
the sale of electricity to the grid.The investment strategy of the
company will focus on capital preservation, while offering potentially
significant equity returns to shareholders.The project will own a
field-based solar photovoltaic generation plant located in the UK that
produces electricity. ach 1 Megawatt peak (MWp) of electricity generated
by a solar plant powers more than 300 average homes, prevents 430 tonnes
of CO2 emissions annually and it takes just 2.5 years of clean energy
generation to pay back the CO2 used in constructing the solar.
Copyright 2012 www.tradearabia.com
Copyright 2014 Al Hilal Publishing & Marketing Group Provided
by SyndiGate Media Inc. ( Syndigate.info ).