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Energy strategies for businesses: illustrated by the Taiwanese market

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Although the use of renewable energy is a market trend, it increases costs and inconvenience for businesses to purchase electricity. Such concern becomes the reason why many enterprises hesitate to go green. This chapter analyzes the challenges enterprises may encounter in the market and provides renewable energy strategies.

Plan A and Plan B

Figure 1. Renewable energy strategy assumptions for Taiwanese companies

Assuming a company has an annual electricity consumption of 3 million kWh in Taiwan and has not yet purchased any renewables or installed any facilities. If the company wants to achieve RE30 by 2040, there are two pathways and scenarios with different mid-term goals. Plan A is to achieve RE20 by 2030 and Plan B is to achieve RE10 by 2030. Both scenarios are based on average annual growth.

Figure 2. Renewable energy roadmap of Plan A and Plan B

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