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Businesses diversifying into renewables makes sound economic sense, says Opus Energy
Opus Energy has announced the signing of three new hydro-powered renewable energy generation plants in Scotland, in line with the growth of renewables as shown by a recent survey.
By: Opus Energy
Independent energy supplier to UK businesses, Opus Energy, has announced the signing of three new hydro-powered renewable energy generation plants in Scotland.
Steve James, Director - Corporate Solutions, Opus Energy, comments on the new signings: “The renewables division at Opus Energy continues to perform strongly as businesses realise that generating their own renewable power makes sound economic sense, particularly in today’s economic climate. We’re thrilled to be adding hydro-generation to our portfolio.
“We’ve found that many businesses aren’t aware that, by generating renewable power and therefore putting a lower demand on the grid to supply them, they are also cutting down on rising industry charges.”
The first of the new hydro agreements, signed in May 2013, covers two plants - totalling 57kW in size - based at Auchencheyne Farm in Scotland. The third agreement is for a 190kW plant at a Selcoth Farm in Dumfries & Galloway, which is a mixed sheep and aquaculture unit. The scheme will come online June 2013. The plants generate enough power to supply 58 small and medium enterprises.
The plants are Opus Energy’s first hydro-powered generators, and complement its existing portfolio of over 650 businesses that are generating renewable power from wind, solar and anaerobic digestion. Opus Energy supplies its customers with the excess renewable power bought from these generators.
The popularity of wind and solar generation in Opus Energy’s renewables division is in line with a recent survey it conducted of more than 1,000 business owners. Overall, 86% of respondents said their businesses would consider generating renewable power using solar technology. Wind power was identified as another popular choice, with 27% of all respondents saying their businesses would consider it as a source for generating energy.
Steve James concludes: “The survey results were really exciting in showing that businesses are switched on to the idea of generating renewable power. The Opus Energy renewables team supports companies looking to move into renewable generation, in order to help them meet their goals of self-sufficient energy supply and generating additional income. We look forward to using our market expertise to help more businesses in the future.”
Notes to editors:
· Survey based on YouGov data: December 12th, 2012
· Field dates: 12th to 19th December 2012, 1,025 SME respondents
· Case studies available on request
· Opus Energy works with hydro plants from 30kW in size
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About Opus Energy:
Opus Energy is the UK’s leading business energy supplier. The company employs 485 people over its Northampton and Oxford-based offices.
Opus Energy supplies more than 150,000 business locations across the UK with power. Customers include: White Stuff, Paperchase, Stagecoach, Pizza Hut and Virgin Media.
In addition to supplying energy, Opus Energy also purchases power from over 650 renewable generators in the UK which it then supplies to its customers.
Opus Energy was ranked as the highest-rated provider for small and medium energy users in Datamonitor’
The management team has a 50 per cent stake in the business, while GDF SUEZ holds 30 per cent and Telecom Plus Plc. has 20 per cent.
For further information about Opus Energy, please visit www.opusenergy.com