The world’s largest corporations signed contracts for more than 6 gigawatts of wind and solar capacity in the United States last year, the beginning of what Wood Mackenzie Power & Renewables is calling a “corporate renewables procurement boom” which is spurring renewable energy development across the country.
Corporate clean energy procurement levels skyrocketed in 2018 according to a raft of new reports which highlight the continued dominance of the technology and data industry in driving clean energy purchasing and the increasing importance of the wind energy industry in supplying the necessary clean energy.
Corporations in the United States led the way for corporate clean energy procurement in 2018, according to figures released today by Bloomberg New Energy Finance (BNEF), with over 60% of the global 13.4 gigawatts (GW) signed, blowing away records set in 2017.
Facebook announced that it was upping the environmental ante on Tuesday by committing to reduce its greenhouse gas emissions by 75% and power its global operations with 100% renewable energy by the end of 2020.
A new report published this week has echoed recent claims that companies are valuing renewable energy for more than the benefit it provides to sustainability goals and are turning to renewables as the most cost-competitive source of new power generation which also avoids energy price volatility.
