Inghams, Australia’s largest poultry producer was floated on the Australian Stock Market Exchange this week, an event that will have some major changes, according to CMC Markets chief market analyst, Ric Spooner as stated by Energy Matters.
He also said that while Ingham’s is a major player in a staple industry, this is a mature market and a stock that will be dependent on productivity gains and cost cutting to achieve growth targets. According to Peter Bedwell of Poultry Digest, cost-cutting won’t just be at Inghams, but it will also be a flow-on effect right across the sector and there will be a huge cost cutting everywhere.
According to the Australian Chicken meat federation, a common new shed is 150 metres long and 15 metres wide. There are usually 3-10 sheds or chicken houses on one farm. Hundreds of kilowatts capacity of solar panels could possibly fit into each shed of that size.
Commercial solar installer Energy matters say businesses with a rooftop solar PVs of 200 sq.m. or more and paying more than 15c/kWh for daytime electricity usage could see a payback of 5-7 years on a system sized to daytime load and after which time, the electricity generated is essentially free.
For any business considering holding to their capital, a solar power purchase agreement may be an option that is worth considering as an alternative to outright purchasing.
Featured Image Credit: Neil Barnwell