NewEnergyNews: Corporate New Energy Push Now In 75 Countries

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    Founding Editor Herman K. Trabish

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    Friday, May 25, 2018

    Corporate New Energy Push Now In 75 Countries

    Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries; IRENA study shows world market for corporate sourcing of renewable electricity reached 465 terawatt hours in 2017 – enough to power a country the size of France

    24 May 2018 (International Renewable Energy Agency)

    “Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France…[W]ith the continued decline in the costs of renewables, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns…[According to a new study from IRENA,] renewable energy sourcing by private sector companies, made possible with the right policy framework in place, can be a key factor in the world’s pursuit of a sustainable energy transformation in line with the objectives set out in the Paris Agreement…[E]nvironmental and sustainability concerns, social responsibility and reputation management and economic and financial objectives are the three primary drivers of corporate sourcing…” click here for more

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