The U.K. site The Telegraph offers a nice roundup of the reasons that renewable energy is a sound business strategy. Winning initiatives generally have more than one rationale. Renewable energy, according to the Guardian, has five.
Of course, renewables reduce an organization’s carbon footprint. To this core value, the story points out four more:
Adding renewable energy to the mix is “relatively inexpensive.” Solar panels and wind equipment simply isn’t on the same level, in terms of capital investment, as adding legacy gear. The third advantage is renewables diversify the sources of energy for an organization. To illustrate this point, the story describes the solar and wind initiatives undertaken by IKEA, which aims to be produce as much energy as it uses by 2020.
The fourth benefit is that renewables can be profitable. One example is a German project that E.ON and Bioenergie Gellersen – a group of 11 farmers – in Kirchgellersen:
Together the farmers own and operate a 1MW biogas combined heat and power (CHP) plant. This produces more energy than the group needs, so E.ON has been helping the farmers generate revenue from spare capacity – the first time that E.ON has been able to provide a VPP developed in-house to small onsite generators.
The fifth and final advantage is that it makes the company look good to investors, customers, partners, regulators and others.
The Las Vegas Sun also offers a list, one which partially overlaps with the reasons offered by The Telegraph. The site reports that Nevada legislators are looking at a plan that would mandate that utilities in the state get 80 percent of their energy from renewable sources by 2050.
The list offers ten reasons proponents are pushing for more renewable energy. The top three are interesting. The first is that Nevada gets 90 percent of its energy from out of state. It simply makes sense to radically lower that percentage. The second is that 73 percent of the state’s energy is from natural gas, which tends to fluctuate in price. Solar is much more stable. The third is simply that there is plenty of sun in Nevada and empty land on which to put solar panels. The conclusion: “We could be exporting power instead of importing it.”