CFO Business Case:
Low Velocity Wind Turbine
Industry now accepts the urgent need for action on climate change. Invariably, this will impose additional operating costs on the organisation and change the methods of calculating the costs of greenhouse gas (GHG) abatement. It will also mean a change in the way energy is produced and used.
Until now, wind energy production has advanced through government policies, regulations and tax credits. The low velocity wind turbine introduced by OrganoWorld embodies such a radical change in the technology of energy conversion that the decision to become a wind energy producer is now based on ROI rather than government incentives. The corporate committment to reduce GHG emisions is in a much better equilibrium with the return on investment and greatest benefits.
One of the principal responsibilities of the Chief Financial Officer is to assure the organisation obtains the greatest benefit at the lowest overall cost. The challenge will be to balance commitments to lower GHG emissions and the deal with the increase in conventional energy costs and decrease in benefits.
The new business case: A change to low wind velocity technology
- Lower energy costs, competitive with coal
- Provides more renewable energy credits per investment
- Protection against rising energy costs
- Protection against future carbon tax
- Increasing the life of the production facility
- Increase the value of production assets
- Wind energy production more responsive to production needs
- Energy independance
- Government tax breaks remain available
For information:
Frederick Churchill
560 McEachran Ave.
Montreal, QC
H2V 3C4Tel: (514) 277-2867
Fax: (514) 277-7335