eco-business.com

What is the main the reason corporations are buying renewable energy? Cost saving? Compliance? The goodness of their hearts?

The first is obvious—savings. I have never seen any company adopt renewables purely out of altruism. There’s always a commercial angle. Owners of large real estate portfolios try to monetise their “rooftop assets”, other companies want to diversify their energy source, or simply adopt solar to hedge against rising energy costs.

Businesses hardly ever adopt renewable energy for altruistic reasons, but does that matter? In this interview with Eco-Business, Lionel Steinitz, CEO of LYS Energy, talks about why firms go green, and how Southeast Asia can unlock its solar potential.