By DARA BUTTERFIELD
The chief executive of a Scottish wind energy company has highlighted the struggles businesses can have starting green energy projects during a talk at a recent THRIVE Energy event held in Glasgow.
Paul McCullagh, Chief Executive, Urban Wind, told the THRIVE for Energy business group, “Businesses know they’ve got rising energy costs, but they’re struggling to understand how to mitigate that.
Glasgow-based Urban Wind is one of the UK’s leading wind turbine businesses offering bespoke wind turbine finance models, including land lease, outright purchase, and joint ventures.
McCullagh said: “If you look at some of the water utilities for example – they see the areas they need to tackle, they see where the problem is, but they’ve got no cash to do it. And they’re also lightly resourced too as they don’t have in house people that can say ‘I’m your renewable expert’.
“Although that’s growing a little bit now – in terms of positioning of renewable guys at senior level within some organisations – they still struggle.”
He also talked about the benefits that companies receive from renewable energy projects, especially with schemes to help businesses to finance them. He emphasised the need to understand the key benefits that a company hopes to gain out of the project stressing the importance of ‘tailored solutions’.
He said: “That could be a hedge against rising electricity costs; whether into a power purchasing agreement for lower pricing or future purchase of power – which can be quite competitive and cost beneficial for companies.
“It could just be about just giving them carbon reduction benefits – to be seen to be green both to the board and to their customers; and it can give them a little bit of surety of supply mitigation by bringing in renewable energy in addition to what they’ve got from the main grid supply.”
For more information: http://www.thriveforbusiness.co.uk