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
- Hormel Foods to Be Powered by Nearly 50% Renewable Energy, Energy Manager Today
In April Hormel Foods announced a virtual power purchase agreement (VPPA) for wind energy. The new wind farm will be located near Milligan, Nebraska. Construction is expected to be completed in 2020.
- How to view the purchase of wind power by Vail Resorts, Mountain Town News
Vail’s virtual power-purchase agreement will give it 310,000-megawatt-hours of production annually from the Plum Creek Wind Project near Wayne, Neb., beginning in 2020.
ALSO IN THE NEWS
- Gap Inc. Signs Renewable Energy Agreement With Enel Green Power to Achieve 2020 Emissions-Reduction Goal, Sets Course for 100% Clean Energy By 2030, Business Wire
Global apparel retailer Gap Inc has announced that it has signed a 90 Megawatt (MW) virtual power purchase agreement (VPPA) for the Aurora Wind Project in North Dakota with Enel Green Power North America, marking one of the largest offsite renewable energy contracts by an apparel retailer.
- Kroger in largest solar energy project yet, Chain Store Age
- Apple picks single axis trackers and bifacial solar panels (w/pictures!), PV Magazine
- Climate change brings urgency to debate over Detroit’s grid resilience, Midwest Energy News
Utility DTE Energy is proposing $4.2 billion in grid modernization investments over five years that include tree-trimming and infrastructure replacement, but critics want to see microgrids and distributed generation play a bigger role.
- USDA Invests in Rural Electric Infrastructure Improvements in 10 States, News Release
USDA is providing financing for 12 projects in Arkansas, Georgia, Indiana, Iowa, Kansas, Kentucky, Ohio, South Dakota, Texas and Wisconsin through the Electric Loan Program. The funding will help build and improve 1,354 miles of line to improve electric reliability and resilience in rural areas.
- Solar power offers farmers a golden opportunity to lease land, Ag Daily
- CleanChoice Energy partners with Minnesota beekeeper to support dual-use solar projects, Solar Power World
- Solar Power Is Playing A Growing Role To Save The Bees — #CleanTechnica Exclusive
- Company plans to build $7.5 billion ‘smart mini-city’ in Las Vegas, NTV
The exterior of buildings will become giant solar panels through the use of photovoltaic glass.
- Using machine learning and cheap satellite data to design rooftop solar power, PV Magazine
Researchers have built a tool to use cheap satellite imagery – like Google Maps – to automatically create solar designs with a 91% accuracy rate.
- Public power utilities rank high in 2018 energy storage installations, American Public Power Association
- Colorado’s most powerful climate tool isn’t what you think, Vox
Electric vehicles can reduce the state’s emissions more than anything else.