ORIGINAL REPORTING: Utilities Join The Corporate Green Team
The corporate green team: Utilities partner to meet renewables demand from large US firms; EEI has joined green groups in a partnership to market wind and solar to climate-savvy companies
Herman K. Trabish, June 2, 2016 (Utility Dive)
Editor’s note: Since this story ran, corporate purchases of New Energy have become one of the major growth drivers.
Renewable energy has gone corporate. Half of Fortune 500 and 60% of Fortune 100 companies have established aggressive climate and clean energy goals and the number of businesses setting 100% renewable energy goals is increasing, according to Creating Renewable Energy Opportunities from the Edison Electric Institute and leading environmental groups.
In 2015, large corporate customers contracted for a record 3.2 GW of renewable energy — over 21% of the 16.4 GW of renewables added to the U.S. grid during the year. The contracts signed in 2015 tripled corporate contracts over 2014. Of 4,000 MW of wind energy contracted through power purchase agreements (PPAs) in 2015, large corporate customers signed more than half of them (52%). But the groups say it is still too hard for corporates to buy renewables in most markets and utilities and corporate buyers must continue working to simplify transactions and work with regulators and policymakers to create new options like green tariffs…” click here for more
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