Westinghouse Solar, a subsidiary of CBD Energy Limited, has finalized binding contracts for commercial solar installations in Australia totaling $1.3 million. Additionally its bid pipeline has grown to $14.5 million. This reflects the increasing price of energy in the Australian market which makes the Westinghouse Solar range of products and services competitive with fossil fuel generation.

Among the new contracts are installations at two branches of a leading Australian financial institution; installations at an additional 30 branches are anticipated in the near term. In line with CBDE’s corporate model, Westinghouse Solar will conduct a comprehensive energy assessment of each site to determine whether additional energy upgrades could further increase its energy efficiency.

CBDE is receiving a positive response to its focused attention on the commercial market in light of increased energy prices; a transition to solar enables businesses to lock-in one aspect of their energy inputs for 20 years.

“We congratulate these commercial customers on ‘going solar’ as a means of protecting the environment in which they and their customers live, and achieving long-term energy price certainty. Westinghouse Solar and CBD Energy anticipate growing adoption of solar by the commercial sector as energy costs continue to rise and businesses gain a better understanding of the multiple benefits provided by renewable energy sources,” said Gerry McGowan, Executive Chairman and Managing Director of CBD Energy Limited.