Tag Archives: Renewable Energy Buyers Alliance (REBA)

Corporate World Weighs Up Trillions Of Dollars Of Climate Risks – And Opportunities

Mike Scott, Contributor, Forbes

Some of the world’s biggest companies, representing $17 trillion in market capitalization, have said that climate change could cost them almost $1 trillion, much of it within the next five years, with a potential $250 billion write-off of stranded assets.

However, they also said that there are climate opportunities of $2.1 trillion, “nearly all of which are highly likely or certain”. Financial companies alone saw potential revenue of $1.2 trillion from low emissions products and services but they also face almost 80% of the total financial impacts, increasing the urgency for them to shift their investments into lower-carbon projects. Read more here.

Previously Posted

ALSO IN THE NEWS

Madison-backed rural solar energy projects to begin operations

By Dean Mosiman, Wisconsin State Journal

All told, the five projects will add 40,000 solar panels to the region and produce enough electricity to power 2,500 average households, the Engineering Division said. Also, the projects have been designed to establish more than 50 acres of pollinator-friendly habitat, which will be planted beneath the solar arrays. The city’s investment supports its renewable energy goals, included in the “100% Renewable Madison Report.”  Read more here.

Photo Credit: Dan Barron, Organic Valley, an RE100 company.

ADDITIONAL RECOMMENDED READING

Solar proving fruitful on farmland: A Solar Power World special feature

Feeding a growing population and meeting renewable energy demands has brought farmers and solar developers into partnerships centered on land designated for agricultural uses. The wide-open acres of American farmland accounts for just under 40% of the landmass in the United States, making them sought after for PV systems for many reasons. Photo Credit: Hyperion Systems

MORE ON STARBUCKS & LEVEL10 ENERGY 

  • What makes Starbucks’ latest clean energy transaction unique, GreenBiz
    “LevelTen continues to provide valuable niche services to C&I customers by leveraging their innovative software platform,” said the Renewable Energy Buyers Alliance (REBA) in an emailed statement. LevelTen is one of REBA’s founding members. “Today’s announcement with Starbucks further demonstrates its ability to create new business models and could enable smaller companies to enter the clean energy market by simplifying the contracting process.”
  • We’ve Got 20 Million Reasons to Push Harder, by Bryce Smith, LevelTen Energy Blog
    Bryce Smith is the founder and CEO of LevelTen Energy. Prior to LevelTen, Smith co-founded OneEnergy Renewables, a national developer of utility-scale solar projects.

TRANSMISSION NEWS

Grain Belt Express one step closer to construction after regulators approve sale, St. Louis Post-Dispatch. Missouri utility regulators on Wednesday unanimously approved Chicago-based Invenergy’s acquisition of the Grain Belt Express transmission line.

US cities back green power

Innovators Magazine

Athens has become the fourth city in the US state of Georgia to commit to transitioning to 100% clean and renewable energy. The Athens-Clarke County (ACC) Commission unanimously backed a shift to 100% clean and renewable electricity by 2035. Read more here.

Additional Recommended Reading
Athens, Ga., commits to 100% clean energy by 2035, Atlanta Business Chronicle

100% RENEWABLE ENERGY INITIATIVES

MORE 100% RENEWABLE ENERGY NEWS

CORPORATE RENEWABLE ENERGY PROCUREMENT 

Newly independent REBA and founding NGOs plan to supercharge corporate renewables procurement, GreenBiz. REBA has an ambitious goal; it aims to catalyze 60 gigawatts of new renewable energy by 2025 — an amount about equal to the total solar capacity in the United States, which reached 64 gigawatts at the end of 2018.

4 Ways Local Solar Projects Benefit Cities

By Lacey Shaver, World Resources Institute Blog

When a city decides to transition from fossil fuels to clean energy, headlines follow. But the work has only just begun. Cities have many options for generating and purchasing renewable electricity, each of which comes with distinct benefits and challenges. Read more here.

Flickr Photo: Black Rock Solar

About the Renewables Accelerator
Together with Bloomberg Philanthropies, Rocky Mountain Institute (RMI) and the Urban Sustainability Directors Network, World Resources Institute formed the American Cities Climate Challenge Renewables Accelerator to provide technical support to all U.S. cities as they explore new and innovative strategies for procuring renewable energy to meet their goals. Tools and Resources.

THE NEW REBA PROGRAM

ALSO IN THE NEWS

Renewable Energy Buyers Alliance Expanding Membership Opportunities

Renewable Energy Buyers Alliance News Release, PR Newswire

Google, Facebook, General Motors and Walmart, along with over 300 other companies, launched the Renewable Energy Buyers Alliance (REBA) today—the largest group of corporate renewable energy buyers in the United States. By working to unlock the marketplace for organizations to buy renewable energy, REBA hopes to bring more than 60 gigawatts of new renewables online in the United States by 2025. Read more here.

Recommended Viewing
What is REBA?, Two-minute video by REBA on Vimeo.

MORE ABOUT REBA’S MISSION & NEW MEMBERSHIP OPPORTUNITIES 

Since 2014, the REBA community has grown to over 200 large energy buyers, and over 150 clean energy developers and service providers. Participants in the REBA community have been a part of 95% of all large-scale US corporate renewable energy deals to date.

With dedicated expertise from four successful nonprofit programs that have helped organizations break through barriers in renewable energy procurement in recent years, REBA’s goal is to catalyze 60 gigawatts (GW) of new renewable energy by 2025, and expand the number of organizations buying clean power from dozens today to tens of thousands.

In 2018, four leading NGOS — Rocky Mountain InstituteWorld Wildlife FundWorld Resources Institute, and Business for Social Responsibility — merged their renewable energy programs, the Business Renewables Center, the Future of Internet Power, the Buyers Principles, and Green Tariff programs. This programmatic consolidation builds upon their collective success and offers a single streamlined solution.

Today’s REBA seeks to grow the market for end-user backed renewables from dozens to thousands of organizations nationwide, while advocating for an energy system that meets the needs of all.

REBA is a national membership association open to all non-residential energy buyers, supporting the entire clean energy transaction involving buyers, developers, and service providers of renewable energy.

REBA also collaborates with nonprofits, governments, and universities. Discounted membership pricing is available, as well as partnership opportunities.

Visit the Renewable Energy Buyers Alliance website to learn more: www.rebuyers.org 

North America’s Resilient Grid for Renewable Energy

By Gordon Feller, Transmission & Distribution World

A growing chorus of experts now believe that new grid infrastructure in North America must facilitate a
massive reduction of greenhouse gas emissions while, at the very same time, protecting the electrical
transmission system against natural and human made threats.

An ambitious project, The North American Supergrid (aka, NAS, or Supergrid), as proposed by the Washington DC-based nonprofit Climate Institute, aims to address this problem. Read more here.

 

Climate Institute Website
North American Supergrid


ADDITIONAL RECOMMENDED READING

Top Companies Embracing Clean Energy in 2019,
Business News Daily. The 2019 Q1 Carbon Clean list,
released by As You Sow, a nonprofit that promotes
environmental and social corporate responsibility,
showcases the world’s top-ranked “clean” companies based on their “total green energy revenue.”

CORPORATE RENEWABLE ENERGY BUYERS’ ALLIANCES

RE100: To date, 165 RE100 companies have made a commitment to go 100% renewable. Read about the actions they are taking and why here.

Renewable Energy Buyers Alliance (REBA) is a consortium dedicated to growing large buyers’ demand for renewable power and helping utilities and others to meet it.

RENEWABLE ENERGY AGGREGATION NEWS

RFP seeks renewable power from public entities in Texas,
Renewables Now 

By late April Texas Energy Aggregation (TEA) will be accepting proposals for wholesale renewable power to supply school districts, universities, state agencies and other public entities in the Lone Star State that want to get pooled access to low-cost green energy.

21 New York Universities Form Renewable Energy Purchasing Consortium, Clean Technica
21 public and private universities in the state of New York have banded together to create the New York Campuses’ Aggregate Renewable Energy Solutions consortium (NYCARES), which seeks to lower financial barriers to renewable energy procurement through combined purchases.

ELECTRIC TRANSPORTATION

 

Siemens to Supply Motors for Eviation’s All-Electric Airplanes,
Greentech Media. 
Startup Eviation Aircraft and Siemens will jointly develop propulsion systems for the Alice, a nine-passenger electric commuter plane.


A Q&A With Rivian, the Amazon-Backed Electric Truck Startup, Greentech Media
‘Alexa, charge my electric vehicle’ now an option for some EV owners, American Public Power Association

STEM CAREERS / EDUCATION

Bloomberg, Cox Enterprises, Gap Inc, Salesforce and Workday Close All-New Renewable Energy Aggregation Deal

Bloomberg News Release

Excerpt: This group of companies, coming together as the Corporate Renewable Energy Aggregation Group, is the first example of companies aggregating similar, relatively small amounts of renewable energy demand to collaboratively enter into a virtual power purchase agreement (VPPA), collectively acting as the anchor tenant for a large offsite renewable energy project. The unprecedented coordination between five international businesses lays the groundwork for other corporates to procure renewable energy cooperatively, maximizing value and reducing risk. Read more here.

Flickr Photo

MORE ABOUT RENEWABLE ENERGY AGGREGATION 

LevelTen Energy YouTube Video: Corporate Renewable Energy Aggregation Group Case Study

 This is the first example of companies aggregating similar, relatively small amounts of renewable energy demand to collaboratively enter into a virtual power purchase agreement (VPPA), collectively acting as the anchor tenant for a large offsite renewable energy project.

RENEWABLE ENERGY BUYERS ALLIANCE

The Renewable Energy Buyers Alliance (REBA) is led by four major nonprofit organizations that have brought together their expertise in transforming energy markets.

Collectively, REBA works with more than 100 large buyers that represent enormous demand for renewable power. REBA’s goal is to help corporations purchase 60GW of renewable energy in the US by 2025.

REBA Initiatives

U.S. Renewable Energy Map – Click image to link to it. 

Congress should consider nationwide, voluntary reporting

Written by Charles Hernick and Benjamin Backer, Guest Opinion, The Hill

voluntary federal framework for carbon reporting and offset exchange would increase transparency and accountability in the carbon space and is an actionable solution to the growing concerns over carbon emissions.

In short, it will help make sense of what states and businesses are already doing. To date, over 383 cities and municipalities have joined together as The Climate Mayors to reduce their own emissions. Additionally, more than 2,500 mayors, governors, CEOs, college presidents, faith organizations, and tribal leaders have moved to similarly track and reduce emissions.
Read more here.

About the Authors
Charles Hernick is the director of policy and advocacy at Citizens for Responsible Energy Solutions (CRES) Forum, a nonpartisan, nonprofit  organization committed to educating the public and influencing the national conversation about clean energy. Benjamin Backer is the President & Founder of The American Conservation Coalition (ACC) nonprofit organization dedicated to educating and empowering conservatives to re-engage on environmental conversations.

Referenced Initiatives: Click logos to link to websites.  

 

 

Previously Posted

MORE AGGREGATION INFORMATION & NEWS

Community Choice Aggregation, also called Municipal Aggregation:

Flush With Data Centers, Sarpy County Lines Up Another

Newcomer’s identity is not yet revealed, but size may rival Facebook’s campus.

By Cindy Gonzalez, Omaha World-Herald

The identity of the latest on-deck newcomer — which would join the likes of Facebook and Travelers insurance — for now is being kept secret from the public. Still, Papillion officials earlier this month gave the government go-ahead to what is being called “Project Wizard.” . . . What is the magnet for the data centers? [Andrew Rainbolt, executive director of the Sarpy economic development group], said they’re attracted to the area in part because of new energy rates created by the Omaha Public Power District for big electricity users seeking to power their operations with renewable energy. Read the entire article here.

Image Credit: Facebook

Papillion Data Center on Facebook

PREVIOUSLY POSTED

CORPORATE RENEWABLE ENERGY PROCUREMENT

Corporate Renewable Energy Procurement Continues to Break Records in 2018, Rocky Mountain Institute News Release

Corporate renewable energy procurement has set a new single-year record for new capacity of announced wind and solar deals in 2018, the Business Renewables Center (BRC), a membership
program at Rocky Mountain Institute, reported in its updated corporate-backed renewable energy
procurement deal tracker. “The record number of companies successfully pursuing renewable energy this year sends a clear signal that environmental sustainability is a serious priority for business leaders across the economy,” said Jules Kortenhorst, CEO of the Rocky Mountain Institute. “These companies aren’t going to wait for public policy on climate issues to catch up—they are taking the initiative to accelerate toward a prosperous, low carbon economy.”

One for the Books: The Biggest Corporate Renewable Deals of 2018, Energy Manager Today
Facebook: The BRC found that the social media giant signed 20 renewable contracts totaling 1,894.5 MW in 2018, which tops all the corporate deals the BRC tracked in 2016 put together. Those deals
included a power purchase agreement with Enel Green Power North America in March for energy from Enel’s planned 320 MW Rattlesnake Creek wind farm in Nebraska.

THE RENEWABLE ENERGY BUYERS ALLIANCE

The Renewable Energy Buyers Alliance (REBA) is led by four non-profit organizations that have brought together their deep expertise in transforming energy markets.

Collectively, REBA works with more than 100 large buyers that represent enormous demand for renewable power. REBA’s goal is to help corporations purchase 60GW of additional renewable energy in the US by 2025.

REBA Initiatives

Click image to link to the map.

Mars, Microsoft, JP Morgan Chase: Insights From Early Adopters Of Corporate Climate Policy

By Jeff McMahon, Forbes

It’s a story of stunning progress and staggering challenges. Some of the first corporations to make climate commitments have found that clean energy saves them money wherever they can find it, but often they can’t find it where they need it most.

Mars Corporation, for example, has signed power purchase agreements with wind farms in Texas, Mexico and Scotland and with a solar farm in Australia. In each case, the agreement covers 100 percent of the power demand for the direct operations of a Mars facility.
Continue reading here.

Photo by Mars Corporation: Mars candies and pet foods are powered in part by the Moy Wind Farm in Scotland.

ADDITIONAL RECOMMENDED READING

Commitments to renewable energy are a great start — what comes next?, GreenBiz. This essay was contributed by one of the NGOs that make up the Renewable Energy Buyers Alliance (REBA), a consortium dedicated to growing large buyer demand for renewable power and helping utilities and others meet it. 


To date, 158 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why here.


COP24 NEWS


Cop24 live blog
PV Magazine’s Max Hall will be pounding the vast spaces of the COP24 venue in Katowice to bring you the latest developments in Poland and trying to shine a light on solar’s presence here.


NEW INVESTMENT ALLIANCE

  • The U.S. Alliance for Sustainable Finance (USASF), based in New York City, will work to encourage more climate-friendly and sustainable finance innovation across the U.S. capital markets. This initiative brings together private sector actors in line with the aim of meeting the United States’ targets of the Paris Agreement.
  • Wall Street staking claim for sustainable finance supremacy, by Christian Roselund, PV Magazine. The press release noted that research indicates a sevenfold increase in global clean energy investment — $2.4T annually versus the current investment levels of $333.5B as estimated by BloombergNEF — is needed to limit the most devastating effects of climate change.