Doug Stewart: How I generated profits from green energy

Former car salesman Doug Stewart set up Green Energy UK to cash in on the boom in environmentally-friendly power. With a turnover of £7m, it's a business that's generating a healthy return.

Former car salesman Doug Stewart, now 55, got his inspiration for Green Energy UK from a chance conversation with another parent at a children's birthday party. The year was 2000 and "this guy started talking about how solar panels would change the UK's energy scene. I didn't believe him, but it awakened my interest." Stewart began to research renewable energy and realised that the power-generation sector was about to undergo a "massive change". But finding a business opportunity wasn't easy.

"I looked into everything, from becoming a generator to being a roofer and installing solar panels." Unable to find an opportunity in one particular energy source, he decided that the best option would be to market green energy in general and try to benefit from all of the different technologies. His plan was to buy the rights to "clean" energy and then sell it on to environmentally conscious customers.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.