According to Rocky Mountain Institute’s Business Renewables Center, corporate renewable energy procurement set a new single-year record for new capacity of announced wind and solar deals in 2018.
The Center reports that as of mid-December 2018, publicly announced corporate procurements of renewable energy reached 6.43 gigawatts. Procurement approaches counted toward this total include power purchase agreements, green power purchases, green tariffs, and outright project ownership in the United States.
Facebook, AT&T, Walmart, ExxonMobil and Microsoft had the five highest total volumes of newly announced deals; Facebook alone added 1,849.5 megawatts of new renewable procurement.
The Center notes that the U.S. renewables market has nearly doubled its annual total of corporate clean energy off-site deal volume since its prior highpoint in 2015. Also noteworthy is a near-doubling of the number of new entrants into the procurement market, including AT&T which completed deals for 820 megawatts of renewable power in 2018.
According to the Center's Deal Tracker, the total cumulative corporate procurement of renewable energy in the U.S. since 2013 now exceeds 15 gigawatts.
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