Manufacturers look to renewables to tackle energy costs

Posted on 11 Feb 2014 by Victoria Fitzgerald

A new study has revealed over half of UK manufacturing companies questioned are considering switching to renewable energy sources.

The Close Brothers study, which questioned 400 manufacturers, comes as the government predicted an increase of as much as 50% to the electricity prices paid by the manufacturing industry by 2020. Steve Gee, managing director of the manufacturing division at Close Brothers Asset Finance, said: “Seven in 10 of the 400 manufacturers we surveyed admit…

This content is for subscribers only. Subscribe now for free to read the full article.