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Cleaner Energy,
Smarter Solutions
IT PAYS TO BE GREEN: WHY TO INVEST IN RENEWABLE ENERGY
Renewable energy plays a major role in decarbonizing our economy, but there are other drivers
for organizations to increase their investment in alternative energy.
Renewable energy has a
lower emissions profile than
traditional energy sources and
can help organizations achieve
their environmental and
emissions targets.
In areas where there is a large
dependency on important fuels
such as gas, locally produced
renewable energy helps to
diversify energy supply and
hedge against market volatility
and security of supply.
There has been a significant
fall in the cost of investing in
renewable technology in the
past five years. The cost of
solar alone has dropped by
62% since 2009.
There is additional financial
support and a number of
options available to companies
that finance clean energy.
In an age where the internet
rules the expanding need for
data space, organizational
energy footprints are on
the rise. This has led to
energy security concerns for
organizations and on a larger
scale for countries.
High energy prices in a number of regions have resulted in
shorter pay back periods for renewables. Solar prices have
dropped by more than 60% since 2009 and the trend is expected
to continue. In a growing number of regions, renewable energy
is now considered to be more cost effective than investing in
traditional coal generation. The International Energy Agency
predicts that the cost of large scale solar will drop by a further
25% by 2025.
“Green Investment” is taking
center stage as shareholders
pressure companies to shun
investment in traditional fossil
fuel industries and reduce
the company’s environmental
impact.
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