Rise in UK businesses’ interest in renewable generation

There has been a growing level of interest among UK businesses in generating renewable energy from their own premises. That’s according to a new survey, which claims one third of […]

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By Priyanka Shrestha

There has been a growing level of interest among UK businesses in generating renewable energy from their own premises.

That’s according to a new survey, which claims one third of businesses – or 39% – expect to introduce solar panels, wind turbines, hydropower or anaerobic digestion to their firms, compared to 32% in 2011.

Almost half of those businesses (48%) expect to generate their own renewable energy within a two-year timeframe, in comparison to only 26% looking to introduce renewable energy within five years in 2011.

The research also revealed a sixth (15%) of those surveyed are already generating renewable energy, compared to just 6% in 2011. When asked what would encourage businesses to generate their own renewable energy, majority of them highlighted finance. A total of 52% said a Government grant or subsidy to help set something up, 46% said if it could be proven that it would make money and 23% said if the Government introduced extra taxes or penalties for not doing so.

Charlie Crossley Cooke, Managing Director at Opus Energy, which conducted the survey said: “It is great to see companies warming up to the idea of powering their businesses by generating their own renewable energy. The Opus Energy renewables team looks forward to working with companies to help them realise the extra revenue and benefits that they can gain from entering the renewables market.”

The energy supplier also claims it has seen a growing level of interest from companies looking to sign up to its renewable power purchase agreements (PPAs), which enables it to buy businesses’ excess renewable power to supply to its customers. Opus Energy supplies power to more than 150,000 businesses across the UK.

Last week ELN revealed a new report predicting the renewable energy generation market is set to double in the next five years, suggesting UK businesses should look for potential opportunities in the industry.