Research Suggests SMEs Favouring On Site Renewable Energy

By Diarmaid Williams, International Digital Editor
Published February 13, 2012
Source: Cogeneration & Onsite Power Production® Magazine

New research from business-to-business energy supplier, Opus Energy, suggests a growing level of interest among small to medium enterprises (SMEs) in generating renewable energy from their own businesses, with one third (32%) expecting to introduce solar panels, wind turbines or anaerobic digestion for example, and 38% expecting to be generating their own renewable energy within five years.

Despite recent cuts in energy tariffs, and perhaps faced with finding new ways to generate income (42% highlight the revenue opportunity behind any decision), a large number of SME business leaders questioned in the Opus Energy survey expect to be generating renewable energy within the next five years, with younger business owners (aged 18-34) more likely to make the investment sooner.

Opus Energy recently launched its power purchase agreement which enables customers to generate additional income from renewable energy, whilst powering their businesses and reducing their carbon footprint.

The survey highlighted that most SMEs (59%) felt they would definitely be interested in generating their own power if the Government provided subsidies. [Full Story]

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