The US Remains the Market to Beat for Corporate Renewable Purchases

By Emma Foehringer Merchant, Greentech Media

The U.S. made up the majority of last year’s deals, accounting for 8.5 gigawatts of the global total. That trend holds this year, with companies in the U.S. signing up for nearly 6 gigawatts, or 70 percent of deals worldwide. Texas accounts for 40 percent of U.S. activity this year, thanks to its rich wind and solar resources and deregulated electricity market. While wind has dominated the corporate renewables market in years past, solar is beginning to catch up, as Greentech Media has covered. Of the various types of corporate deals, virtual power purchase agreements remain the default choice for many customers, allowing them to circumvent utilities and the green tariff programs they offer. BloombergNEF analyst Kyle Harrison said the U.S. has reached “triple digits when it comes to virtual PPAs.”  Read more here.

Previously Posted Virtual Power Purchase Agreements

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