Barclays Bank has put forward a £100 million fund to enable farmers to invest in renewable energy projects.
This project was initialised after significant interest was reported from farmers for energy bills to be cut and new income to be generated. It is developed in conjunction with specialists such as the National Farmers Union.
Barclays Business head of agriculture Martin Redfearn said: "Renewable energy production offers farmers a further opportunity to develop their businesses and add to their traditionally vital roles of producing food and managing the countryside."
Mr Redfearn commented that farmers have struggled with low commodity prices over the years as well as increasing costs.
In recent weeks, This Is The West Country reported that South Somerset District Council has introduced new measures to lower its energy bills and carbon footprint.
One of these is a solar panel plan that hopes to generate around £15,000 in electricity and income from the government's feed-in tariff.