Recent announcements reinforce data showing 2018 shattering record for corporate renewables procurement

Corporate sustainability goals drive record levels of renewables procurement. Corporate renewable energy procurement is at an all-time high this year, according to the Renewable Energy Buyers Alliance. So far this year, 59 transactions amounting to nearly 5 gigawatts of capacity have eclipsed the 2015 record procurement level of 3.22 gigawatts of renewable energy capacity. Recent announcements reinforce this trend. Walmart announced a 23-megawatt solar agreement with SunPower for installations at 19 stores and two distribution centers Illinois, bringing the giant retailer closer to its goal of supplying 50 percent of its global operations with renewables by 2025. And Facebook’s $1 billion data center in Las Lunas, N.M., will be 100 percent supplied by renewable energy after entering into an agreement for an additional 100 megawatts of capacity from two new 50-megawatt solar generation facilities. And Nestlé Waters North America inked a deal with ENGIE Resources to supply half of its power needs Texas with renewable energy. Under the agreement, ENGIE will supply wind-generated electricity to Nestlé’s manufacturing and distribution facilities in Travis, McLennan, Dallas, and Harris counties as part of the company’s aim to transition to 100 percent renewable energy powering its operations.

Today’s Daily Energy News is brought to you by Electric Industry News, your comprehensive daily summary of developments affecting the retail electric industry.