Renewable Energy Investments Outperforming Estimates. Now Companies Want More
Retailer Daily, in conjunction with Environmental Leader, has published the results of a survey of major companies that have implemented renewable energy strategies, and the results revealed that up to 20% of these companies are seeing a Return On Investment (ROI) of 15% or better. The study's findings indicate that companies like Half Price Books, Costco, USPS and JC Penney admitted that financial factors were key motivations behind their decision to invest in renewable energy, and that the potential for saving more money will keep them investing in renewable energy technologies.
The Executive Summary of the report disclosed that "wind and solar are the two most established forms of renewable energy, are relatively plentiful across much of the country, and have the most federal and state resources allocated to them." There were, however, exceptions, and 23% have adopted hydro power, 19% rely on bio-fuel and 11% have harvested other sources like geothermal power. The report surveyed companies using "onsite renewable energy generation, purchasing renewable energy from alternative electricity suppliers or regulated utilities, and the purchase of Renewable Energy Certificates (RECs)."