Companies are recognizing the importance of sustainability to their long-term business success. There are numerous benefits, including the protection of assets important to their business and brand perception with consumers and investors.
The Rocky Mountain Institute’s Business Renewables Center recently reported US corporate renewable energy procurement achieved a new record in 2018, with 3.57 gigawatts of announced clean energy projects so far this year. The previous record was 3.12 GW set in 2015. Kevin Haley , a program manager at the Business Renewables Center, answered some questions for CleanTechnica . Corporate renewable energy procurements reached a new record in 2018. What is driving them? The number one driver of these procurement deals we see are companies working to meet their sustainability goals. Companies are recognizing the importance of sustainability to their long-term business success. There are numerous benefits, including the protection of environmental assets important to their business, improved employee retention and company pride, and financial opportunities to hedge electricity spend using low-cost wind and solar power. 2018 has been a record year. Do you expect procurement to continue growing in the next three years? In a word, yes. There are 140 companies who have committed to go 100% renewable under the RE100 pledge, and only about 70 companies who have done large-scale, offsite renewable energy transactions to date. That suggested there will plenty more deals to be done as companies […]