Tuesday, September 8, 2015

Long-term corporate purchase commitments for renewable power already have topped 1500 MW of installed capacity

Recently 13 of America’s largest companies visited the White House to endorse a strong outcome in the Paris climate negotiations. The companies also pledged at least $140 billion in new low-carbon investment and more than 1,600 megawatts of new renewable energy.
Schneider Electric expects to see several more corporate power purchase agreements (PPA) announcements by year’s end, with the potential of adding 1 GW. Wind and solar  accounted for almost 55 percent of all new U.S. generating capacity in the first half of 2015, according to EIA data. The growing appetite of corporate buyers for sourcing electricity from off-site solar and wind facilities marks a major shift in the market for large-scale renewable facilities. Until last year, utility company PPA were spurred mainly by state renewable portfolio standards, Read more at http://www.greenbiz.com/