Businesses which invest in renewable energy could make average returns of 11-12%, claims the Carbon Trust Advisory (CTA). Analysis by the CTA, which advises businesses on how to cut their carbon footprint, suggests the returns could be more than 20%.
The ‘Case for Renewables in UK business’ report points to anaerobic digestion, wind, biomass heating systems and ground source heat pumps as attractive prospects for UK businesses, in light of the government’s renewable subsidy schemes, the Renewable Heat Incentive and the Feed in Tariffs. However, it adds that returns vary between renewable energy sources.
Hugh Jones, CTA’s Managing Director said: “Selecting the right strategy for renewable energy can be a complex area and we recommend that businesses make a staged approach to adoption. This includes trialling different measures, testing their viability and doing this sooner rather than later before energy price increases and regulatory pressure become more pressing.”