This year has seen more than 30 corporate renewable power transactions. In total, the deals reflect well over 3 GW of wind and solar capacity. Here is a comprehensive chart.
To provide some perspective, about 11 GW of new utility scale wind and solar capacity is expected to come online in the U.S. in 2015.
Among the other most notable developments of the year, 49 of America’s largest companies have now signed onto the Corporate Renewable Energy Buyers’ Principles, the RE100 initiative has 53 signees, and 154 companies have signed the American Business Act on Climate Pledge. There is a palpable sense of momentum in the industry, and the importance of these corporate commitments on achieving the strong COP21 outcome that emerged from Paris earlier this month cannot be overstated.
Yet, the Paris climate agreement is in many ways only the first step. Business action will remain critical to helping nations achieve their ambitious carbon reduction targets.
This is why RPD believes that corporate renewable power transactions should not be a trend limited to America’s largest corporations. Businesses of all sizes should be able to access the benefits of direct green power purchases, and that is why RPD pioneered medium term (3-10 year) purchase options for renewable power that are tailored to a company’s load. The agreement we concluded with Intuit, announced this September, provides one example of this approach.
As 2016 commences, please get in touch if you would like to learn more about how RPD’s options for buying green power can work for your company.