UK billionaire Sanjeev Gupta is a very rich man, with a very big business that consumes a lot of energy.
In the last few months he has come to the same conclusion as tens of thousands of Australian homeowners and thousands of businesses, big and small: the best way to cut your bill for energy is to generate your own.
Gupta this week unveiled the details of his plans to build 1 gigawatt of large-scale solar, battery storage, pumped hydro and demand management for the Whyalla steel works and other big energy users in South Australia.
Gupta reckons it will slash his company’s energy bills by around 40 per cent, and he intends to repeat the dose in his even bigger steel plants in Melbourne and Sydney, which he says will be powered 100 per cent by renewable energy within a few years.
Read the RewewEconomy story by Giles Parkinson - “Time for Australia too wake up to the scale ands pace of clean energy transition.”
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