NEW ENERGY’S BIGGEST CUSTOMERS

Kohl’s, Intel Lead Vestas’s Ranking of Renewable Energy Users
Alex Morales, June 28, 2011 (Bloomberg News)

"Intel Corp (INTC), the world’s largest chipmaker, and the U.S. department-store chain Kohl’s Corp. (KSS) are the top corporate users of renewable energy, Bloomberg New Energy Finance said in a report for Vestas Wind Systems A/S.

"Intel bought 1,493 gigawatt-hours of electricity from renewable sources in 2010, and Kohl’s purchased 1,418 gigawatt- hours, according to New Energy Finance’s Corporate Renewable Energy Index, or CREX. In terms of renewables as a proportion of total power use, Kohl’s and Whole Food Markets Inc. had 100 percent. Intel’s 35 percent didn’t make the top 20."

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"Vestas, the world’s largest wind-turbine maker, commissioned the index to provide transparency to consumers, policymakers and companies on how goods are produced. Energy from wind, solar, hydro and other renewables accounted for 12.1 percent of electricity purchased by the 102 companies in 16 countries that provided data for 2010."

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"…Much as corporations like to know the safety record of other companies before they work with them, renewable energy usage will be a subject that business partners increasingly want to know about, [Vestas Chief Executive Officer Ditlev Engel] said.

"New Energy Finance compiled the ranking from responses to an online survey, information from groups such as the Carbon Disclosure Project and Bloomberg data. For the survey, the London-based analyst contacted more than 1,000 companies, chosen on the basis of the MSCI World (MXWO) Index and a Bloomberg ranking of the top 500 companies worldwide by market capitalization…"