Connect with us

Hi, what are you looking for?


Clean Power

Most Businesses That Have Invested in Renewable Energy Plan to Add More

While corporate green washing stories are a dime a dozen, an in-depth study by Retailer Daily in conjunction with Environmental Leader is the first to quantify, among many other interesting things; the ROI of adding renewable energy, for businesses, and how that has affected their future plans.


Apparently the first forays into on-site clean energy production has created fans. Of all of the surveyed companies who had added on-site generation of renewable energy, a surprisingly large percentage said that they are now looking into increasing that amount. For financial reasons.

The comprehensive survey on corporate renewable energy use covers:

How many corporations are using renewable energy,

What industries are using renewable energy,

What types of renewable energy they are using,

How much renewable energy they are using in relation to their entire energy output,

How much they are spending on renewable energy,

What their renewable energy plans for the next five years look like.

To generate on-site renewable energy, the survey respondents:

– 40% spent $1 million or more

– 20% spent $500,000 – $1 million

– 12% did not pay, but shifted the capital costs to a provider through a PPA.

Findings include that financial motivations to lower energy costs predominate, that ROI varies, that government incentives are key influences and that buying RECs seems to be more from a green washing motivation (25%) or from moral obligation (20%), while actually investing in renewable energy is more from a saving money perspective.

Of those who added renewable energy, 95% made a better deal than before. A full 20% made over 15% return on the investment, and the remainder made from 1% to 15% on it.

Only a scant 5% spent more on renewable energy than on their previous source.

Most companies had added wind (72%) and solar (43%), but businesses also added (23%) hydro, (19%) biomass, (19%) bio-fuel, and (11%) “assorted other” and geothermal power.

The full 152 page report contains some specific “school-of-hard-knocks” advice to businesses that are considering adding renewable energy from those who have gone before – like JCPenney, USPS, White Wave, Costco, UPS, Fresh & Easy Neighborhood Market, Half Price Books and Green Mountain Coffee.

There are some tantalizingly informative excerpts:

“In some areas where seismic considerations limited the options for using roof top non-penetrating ballasted systems, UPS found inconsistent application of zoning and building code interpretation between municipalities. ‘That’s unfortunate, because it rules out a whole class of installations which can be cost effective. Other building code considerations related to roof load have reduced the number of sites that could be considered…’ ”

“More state and federal incentives would go the farthest in influencing companies not currently incorporating renewable energy into their energy plans to do so. More affordable pricing options, demand from stakeholders, and guaranteed paid rate per kWh, would also have a strong influence…”

However, at $1,165, you’ll have to tell this penniless journalist what else is in the entire report. I’d be very interested.

Source and Image:  Environmental Leader

More susan/” target=”_blank”>Cleantechnica from Susan Kraemer Journalists on <a href="" target="_blank

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

writes at CleanTechnica, CSP-Today and Renewable Energy World.  She has also been published at Wind Energy Update, Solar Plaza, Earthtechling PV-Insider , and GreenProphet, Ecoseed, NRDC OnEarth, MatterNetwork, Celsius, EnergyNow, and Scientific American. As a former serial entrepreneur in product design, Susan brings an innovator's perspective on inventing a carbon-constrained civilization: If necessity is the mother of invention, solving climate change is the mother of all necessities! As a lover of history and sci-fi, she enjoys chronicling the strange future we are creating in these interesting times.    Follow Susan on Twitter @dotcommodity.


You May Also Like


Polestar intends to introduce 3 new electric car models in the next three years that will compete with similar models from Porsche.


When I see Wall Street analysts trying to predict Tesla’s performance, I often chuckle. Oftentimes, I feel as if I have exclusive court side...

Carbon Pricing

I had a short chat with Harold Hedelman, the co-founder of Business Climate Leaders (BCL), the other day. We talked about the critical need...

Clean Power

Today, the U.S. Department of Energy (DOE) announced that five small businesses will each receive $1 million to advance their solar energy technology innovations. The projects...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.