Corporate direct purchases of renewable energy at new high

Corporate customers purchased a record 6,430 MW of shares of off-site renewable power in the US in
2018 as of December 14, more than double the 2,780 MW purchased in 2017. The Business Renewables
Center recently published this result of its latest market update. These figures do not count the
installation of renewable generation sources directly on commercial and industrial sites, which are not
reported publicly. The various types of corporate renewable transactions include off-site power
purchase agreements (PPAs), purchase of Renewable Energy Credits (RECs), green tariffs, other utility
solutions, as well as outright corporate investment in projects. By far the largest of such purchasers was
Facebook with 1,894.5 MW, followed by AT&T with 820 MW and Walmart with 533 MW. The survey
showed that there were 70 companies doing such purchases from more than 60 sellers. One projection
is that these kinds of purchases could top 60,000 MW by 2025. This is a healthy, booming market not to
be overlooked. Take a look at the report for more details.