Record 2018 Global New Energy Corporate Buys
Corporate Clean Energy Buying Surged to New Record in 2018, Led by Aggregation Models
Jason Tundermann, January 29, 2019 (Level 10)
“Corporations bought a record amount of clean energy [globally] through power purchase agreements, or PPAs, in 2018, shattering the previous record set in 2017…[Over] 60% of the global activity in 2018 occurred in the U.S., where companies signed PPAs to purchase 8.5GW of clean energy, nearly triple the amount signed in 2017…[S]ome 34 new companies signed their first clean energy PPAs, making up 31% of total activity in the U.S…[New buyers] are aggregating their electricity demand to reap the economies of scale from larger solar and wind projects.
In many cases, they benefit from partnering with a bigger, more experienced buyer – known as an anchor tenant – who can offer a stronger balance sheet and expertise on accounting and legal nuances…[Smaller] companies with modest energy demands can execute PPAs in volumes that meet their needs, either independently, through custom portfolios, or partnered with other specific buyers…[New software tools are being used to streamline] contracting process…” click here for more