Renewable Advantage Hits Boardroom Agenda

9th October 2013

Renewable energy is now a hot topic in boardrooms across the UK, as companies realise they risk being left behind on securing a renewable business advantage.

“Many companies are only just waking up to the potential that renewable energy has to offer,” comments TGE Group Managing Director, Rupert Higgin. “This potential isn’t only about securing additional revenue, but also reducing bills, lowering carbon emissions, stabilising energy prices and securing a competitive advantage in the marketplace. With the return on investment for solar energy at 10-15% and even higher for heat pumps and biomass, it makes good business sense for companies to go green.”

Over the last six years, TGE Group has helped a large number of UK companies - from property developers, agricultural and rural businesses to manufacturers, hospitality and public sector organisations - by introducing energy efficient initiatives and building renewable capabilities. Where cash flow is an issue, there is a range of financing and fully funded options available to ensure no business is left without a renewable advantage.

Supported by the Feed-in Tariff (FiT) and the Renewable Heat Incentive (RHI), commercial installations are showing steady growth in the UK, with roof top solar PV installations now accounting for 22% of the overall solar market. TGE Group has also seen more technical commercial work replacing residential, with 95% of solar, heat pump and biomass installations now undertaken for business customers.

With recent reports revealing that 11GW of coal and oil plants are to close by 2016 and blackouts likely, prices are predicted to continue their steep rise as demand outweighs supply and reliance on imported gas increases. At that point, businesses without renewable energy may well find themselves at a disadvantage.

For more information contact out Energy Team on 0845 643 2528.