Steel Giant Signs Agreement With ESCO Power For Solar Power Farm
Businesses can gain many benefits by installing Gold Coast solar pane ls to harness free energy from the sun. It is very easy to recoup the investment on the solar panels and installation from the savings that will be generated from lower electricity bills. You can eventually profit from the panels if the excess power generated is sold to local electrical companies.
The largest-ever solar power purchasing agreement was signed between Bluescope and ESCO Power. Bluescope, the steel giant, will underwrite the construction of a 500,000 solar panel farm at Finley in the NSW Riverina region. According to John Nowlan, chief executive of Bluescope steel products, the power that will be generated from the solar plant will provide 20% of the company’s energy needs. Being a large user of energy, the solar plant will improve reliability and affordability at Port Kembla steelworks.
Power sources are very crucial for the steel plant to ensure that there is 24-hour supply for the operations. Solar power will become a significant part of the energy mix. Steelmaking operations in the Illawara are very competitive. For the past 2 years, the costs of electricity have more than doubled. Because of the increase in the price of electricity, the steel giant is trying to reduce its energy costs through solar panels.
Power purchasing agreements that involve solar power is becoming a popular trend. Last year, Tesla signed a deal with a major solar farm in Queensland. According to NSW Energy Minister Don Harwin, this is a good example of a private sector that is taking action to address the rising costs of energy.
In the past, the structure of renewable was very expensive but now it is one of the cheapest to build. Large scale solar farms have been popping up in inland NSW along with wind and hydro to lead the energy transition.
By installing Gold Coast solar panels, a business can reduce carbon emissions that harm the environment and cause respiratory problems. The investment in solar panels can be easily recouped within 10 years. Expert electricians will provide the proper advice on design, positioning and size of the solar power system.
