Almost half of Australian big business moving to renewables

Almost half of Australian big business moving to renewables

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.

The average household and small-business energy bill is more than 80% higher than a decade ago. Gas prices have increased threefold in five years.

Many businesses – including 46% of large operations – have responded by seeking green alternatives. The Climate Council report 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”.

Source: The Guardian

Date: June 2018

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