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SME's turning to renewable energy

Opus Energy survey finds SMEs turning to renewable energy generation according to new research

New research from Opus Energy suggests a growing level of interest among small to medium enterprises (SMEs) in generating renewable energy from their own businesses.

One third (32 per cent ) expecting to introduce solar panels, wind turbines or anaerobic digestion for example, and 38 per cent expecting to be generating their own renewable energy within five years.

Despite recent cuts in energy tariffs, and perhaps faced with finding new ways to generate income (42 per cent highlight the revenue opportunity behind any decision), a large number of SME business leaders questioned in the Opus Energy survey expect to be generating renewable energy within the next five years.

Younger business owners (aged 18-34) more likely to make the investment sooner.

Opus Energy recently launched its power purchase agreement which enables customers to generate additional income from renewable energy, whilst powering their businesses and reducing their carbon footprint.

The survey highlighted that most SMEs (59 per cent) felt they would definitely be interested in generating their own power if the Government provided subsidies.

The research also found that 42 per cent of SMEs said they would switch to generating some or all of their own power from renewables if it could be proven that they would make money out of it.

Charlie Crossley Cooke, Managing Director, Opus Energy added: “There’s real dynamism in the SME sector from people who are genuine entrepreneurs and we expect to see more examples of SMEs powering other businesses as well as their own.”

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