Corporates Lead Next Wave Energy Transition

Corporates usher in new wave of US wind and solar growth; It's not driven only by climate change. It's economics

21 August 2019 (American Wind Energy Association and Wood Mackenzie)

The largest corporations in the world are signing agreements for massive amounts of wind and solar power…[It is] the beginning stage of a corporate renewables procurement boom, driven not just by goals around mitigating climate change but also by highly competitive renewable project economics…[A new forecast shows] up to 85 gigawatts of renewable energy demand exists within the largest U.S. companies through 2030…

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…[Corporate leaders such as AT&T, General Motors and Facebook contracted more than six gigawatts of power purchase agreements (PPAs) in 2018 alone, representing a new record…[Over the last five years, the power mix for Fortune 1000 companies has remained] at approximately 5 percent. At nearly 1200 terawatt-hours, the non-renewable power demand for these corporations represents an enormous opportunity…C&I customers are procuring more wind than solar power…[but] demand for solar power is growing rapidly…[though] persistent tariffs on solar modules or the expiration of the Investment Tax Credit could hamper solar’s long-term competitive edge…” click here for more

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