A key element of any net zero strategy will be the transition away from a fossil fuel-based energy supply; which means more and more organisations will be considering onsite generation in the coming years.
Wind is a completely clean, renewable energy source, and, providing business sites have the space, onsite wind turbines can be a very cost-effective way for businesses to generate their own electricity.
There are different business models for adopting onsite wind turbines, depending on whether the building is leased or owned, and whether the installation will be owned by a third party or the landlord. One viable route is self-financing, where the site owners or occupiers invest in the installation. Another route is via a Power Purchase Agreement (PPA), where a third party finances the installation and the building occupier buys the output.
If onsite wind generation isn’t viable, then the PPA route also allows you to buy electricity directly from a wind farm operator (instead of purchasing electricity from a licensed electricity supplier).
Carbon reduction: Wind power is 100% renewable, greatly reducing carbon emissions
Increased resilience: energy generated can be stored in a battery storage system, for emergency back-up use when the grid is down
Budget certainty: protection from unpredictable grid energy prices
Lower energy bills: wind generation reduces the amount of electricity needed from the grid, and stored energy can be used when peak demand prices are high
Revenue: you can also get paid for excess electricity that you export, via the Smart Export Guarantee