May 15, 2018 Read More →

Renewable Energy Brings Cost Savings, Rapid Payback to Australian Businesses

The Guardian:

Almost half of Australia’s large businesses are actively transitioning to cheaper renewable energy, including many going off the grid by building their own generators and battery storage, as power bills threaten their bottom line.

A new report by the Climate Council details the increased speed of a business-led transition to renewables as power bills have increased. Many businesses–including 46% of large operations–have responded by seeking green alternatives. The Climate Council report, released on Tuesday, said the capacity of Australian businesses to generate their own solar power had doubled in less than two years.

Business owners report making their investment back through cost savings in less than five years.

The general manager of AustChilli at Bundaberg, Ian Gaffel, said the decision to invest in solar panels was a “no-brainer”. AustChilli employs more than 100 people in the agriculture and food manufacturing process. The business initially built a 100 kW solar system and about 18 months ago added an additional 200 kW. Solar now accounts for about a quarter of the business’s power usage.

The story is being repeated across the country, particularly in the manufacturing industry, where increased power bills have squeezed profits.

More: Almost Half Of Australian Big Business Moving To Renewables

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