NewEnergyNews: CORPORATE BUYERS MOVE TO RENEWABLES AS PRICE HEDGE

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    Thursday, July 23, 2015

    CORPORATE BUYERS MOVE TO RENEWABLES AS PRICE HEDGE

    HP to Power Texas Data Centers With Wind Energy

    Diane Cardwell, July 21, 2015 (NY Times)

    The list of corporate purchasers of wind is expanding rapidly. Last week, Hewlett-Packard announced a 12-year contract for 112 MW from a SunEdison Texas wind project. And a long term contract with Amazon Web Services allowed Iberdrola Renewables to break ground on the 208 MW Amazon Wind project in North Carolina, the Southeast’s first utility-scale wind installation. In February, Kaiser Permanente signed a 20-year contract for 153 MW of California wind and solar. In March, Dow Chemical contracted for 200 MW of Texas wind. Some 60 non-utility entities have contracted for wind, including IKEA, Facebook, Google, Mars, and Anheuser-Busch. They are buying renewables to meet corporate sustainability goals but also because, like utilities, they see the long term, fixed price contract as a hedge against fossil fuel price volatility. click here for more

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