June 15, 2020 Read More →

U.S. corporations signed contracts for a record 4.4GW of wind power capacity in 2019—AWEA

S&P Global Market Intelligence ($):

Corporations signed agreements for 4,447 MW of U.S. wind power capacity in 2019, a record, the American Wind Energy Association said in a report released June 11.

Total corporate power purchase agreements, or PPAs, for wind power to date reached 16,857 MW, the trade group said. Corporate customers have purchased 10% of all operating wind capacity in the U.S. as they try to cut costs and meet sustainability targets that are increasingly common in the private sector.

Corporate purchases of renewable energy have soared in recent years. At the end of 2013, wind power under contract with corporations totaled 800 MW, the report said.

Alphabet Inc. subsidiary Google LLC is the top corporate wind energy purchaser in the U.S., with 2,397 MW of capacity under contract, the report said. Facebook Inc., Walmart Inc., AT&T and Microsoft Corp. are also top purchasers.

In 2019, Walmart purchased the most new wind power capacity of any company, signing agreements for 541 MW, the report said.

There were 18 first-time corporate purchasers of wind capacity in 2019, including McDonald’s Corp., which was the first fast food company to contract for wind power, the report said. It purchased 220 MW of new capacity in 2019, “the equivalent of over 1,300 restaurants-worth of electricity.”

[Justin Horwath]

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