The Many Pieces Of A New Energy Transition

Under one roof: How companies can simplify renewable energy development

Brian Barthelmes, January 22, 2019 (GreenBiz)

“…[Solar panels and wind turbines are] one piece of a complex puzzle…[that includes] project and balance sheet financing; power purchase agreements; completing the project safely, on time and on budget; capturing applicable tax incentives; energy product and service marketing to power projects anywhere; and owning and operating the project for 30 years or even longer…Renewable energy projects are among the biggest investments most large businesses and institutions undertake…but the process is extremely daunting for most. Accessing and managing the entire spectrum under one roof brings peace of mind to customers and enables them to stay focused on their core business…As of fall 2018, nearly 80 large companies — including Google, Amazon, LinkedIn, Dell and Procter & Gamble— have developed and signed Corporate Renewable Energy Buyers’ Principles (PDF), facilitated by the Renewable Energy Buyers Alliance (REBA) and the World Wildlife Fund (WWF)…

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At their core, each of the six principles comprise these companies’ requests for easier, simpler access to renewable energy…[One] principle advocates for improving access to power purchase agreements and other financing tools, along with simplified permitting and incentives, to help remove cost and complexity from renewable energy procurement…[To stay] focused on what really matters, large businesses and institutions should] ask prospective developer-owner-operators how they can remove cost, complexity and risk from a project; function as the expert that puts safety and operational excellence first; continue to serve as the customer grows and opens new locations…” click here for more

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