What’s Driving Corporate America’s Big Bets on Clean Energy?
Corporate renewable energy deals equaled a quarter of total U.S. electric power additions in 2020. The Renewable Energy Buyer’s Alliance talks policies to accelerate clean energy purchasing.
Corporate America’s appetite for renewable energy is booming. In 2020, large businesses signed deals for over 10 GW of new clean generation, equal to a quarter of the total electric power capacity added in the United States for the year. The growth in corporate deals for clean power comes as the price of renewable energy has fallen, and as companies have increasingly felt pressure from the public, investors, and their own employees to address their climate impact.
Miranda Ballentine, CEO of the Renewable Energy Buyer’s Alliance, and Bryn Baker, REBA’s director of policy innovation, discuss the factors that are driving American corporations to make more, and bigger bets on clean energy. The pair also talk about how state and federal policy influences the rate of clean energy procurement, and policy changes that might accelerate development. The Renewable Energy Buyers Alliance is an industry association that represents the U.S.’s largest corporate clean energy buyers.
Miranda Ballentine is Chief Executive Officer of the Renewable Energy Buyer’s Alliance. Bryn Baker is REBA’s Director of Policy Innovation.
Have We Reached Peak Carbon Emissions? https://kleinmanenergy.upenn.edu/research/publications/have-we-reached-peak-carbon-emissions/
Balancing Renewable Energy Goals with Community Interests https://kleinmanenergy.upenn.edu/research/publications/balancing-renewable-energy-goals-with-community-interests/