July 31, 2018 Read More →

More momentum in corporate demand for renewables

S&P Global Intelligence ($):

Since 2013, nonutility companies have announced nearly 11,000 MW of power purchase agreements, or PPAs, for renewable energy, including 1,960 MW in 2018 as of April 12, according to Rocky Mountain Institute. And clean energy developers are seeing nonutility customers such as Microsoft as a significant source of demand.

The renewable energy industry sees the trend maturing from companies procuring green energy for its data centers and other facilities to throughout their supply chain, said Andrew Slaughter, the director of Deloitte’s Center for Energy Solutions. For example, Apple Inc. has been getting its suppliers to commit to powering their production of Apple products solely with renewable energy as part of the tech giant’s sustainability goals. The room for demand growth combined with the renewable energy’s increasing efficiency will accelerate the trend’s momentum.

“We’re in this kind of magic moment … where the desires of energy users in business is at a meeting place with the availability of solutions in terms of reducing costs of technology,” he said during an interview.

Marlene Motyka, the leader of consulting firm Deloitte LP’s U.S. and global renewable energy operations, said the trend has become “a two-fold” story where companies are making decisions that are both economically and environmentally good.

More ($):  Renewables enjoy ‘magic moment’ from corporate purchases

Comments are closed.