• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair May 23, 2023
Ontario Overrules Cities to Push Gas Plant Expansions May 23, 2023
Climate Concerns Drive Job Choices for 40% of Workers Under 40 May 23, 2023
PEROVSKITES: Qcells Plans First Production Line for ‘Miracle’ Solar Cell May 23, 2023
Tokyo Residents Rally to Protect Trees, Stop Skyscrapers in Iconic Urban Park May 21, 2023
Next
Prev

Buyers’ Alliance Commits to 60 GW New Renewable Capacity by 2025

June 1, 2016
Reading time: 2 minutes

tpsdave / Pixabay

tpsdave / Pixabay

 
tpsdave / Pixabay
tpsdave / Pixabay

More than 250 corporate executives attending the Renewable Energy Buyers’ Alliance meeting in Redmond, WA last week pledged to procure an additional 60 gigawatts of new renewable generation capacity by 2025.

“First movers are important, paving the way and sharing their learnings with others,” reports the Rocky Mountain Institute (RMI), one of the four non-government organizations behind the alliance. “And the majority of the industry’s first movers were in the room, with attendees from 17 of the 28 corporations that have signed deals for over 5.5 GW of renewables.”

  • Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
  • Everything you need, nothing you don’t.
  • The Weekender: The climate news you need.
Subscribe

But the meeting also included representatives of 30 companies with no prior investments in renewable power. “Corporate renewable energy purchasing has moved beyond just IT companies and data centres,” RMI declares. “Now companies making diapers, beer, theme parks, and candy are starting to find out that they, too can join in and take advantage of renewable energy options.”

Beyond the wider group of participants, RMI distills two major takeaways from the two-day gathering: an interest in structuring deals to transform the market, and a focus on opportunities beyond the United States.

“As new corporate buyers enter the market to purchase renewables, they are keen to understand any potential risk exposure,” the Institute states. “Themes that emerged from these discussions were some buyers’ willingness to pay a premium in order to avoid risk, the potential role of market intermediaries, many buyers’ continuing preference for shorter-term deals, and the need for resources to properly address common concerns posed by CFOs.”

While the U.S. has been the focal point for corporate renewable energy purchases to date, the companies themselves are global in scope. And now, they’re looking to extend their reach.

“Corporations with global supply chains and global value chains—including brand-driven companies such as Procter & Gamble and Mars, as well as companies in sectors like pharmaceuticals and industrials—are exploring the feasibility of procuring power in regions of the world where renewables will offer economic benefits,” RMI notes. “While India and China are of top concern as carbon emitters, most companies are concerned with their supply chains and are deciding where renewable energy will go on that basis.”



in China, Climate & Society, Community Climate Finance, Demand & Distribution, Ending Emissions, India, International, Jurisdictions, Supply Chains & Consumption, United States

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Arctic Circle/flickr
COP Conferences

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
332
Inspiration 4 Photos/flickr
Climate Impacts & Adaptation

Cooling Upper Atmosphere Has Scientists ‘Very Worried’

May 23, 2023
198
Jon Sullivan/flickr
Clean Electricity Grid

Ontario Overrules Cities to Push Gas Plant Expansions

May 23, 2023
821

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Activités culturelles UdeM/Flickr

Climate Concerns Drive Job Choices for 40% of Workers Under 40

May 23, 2023
146
Jon Sullivan/flickr

Ontario Overrules Cities to Push Gas Plant Expansions

May 23, 2023
821
McDonald's/flickr

McDonald’s Failing to Follow Through on Climate Promises, Critics Say

December 17, 2021
1.4k
Arctic Circle/flickr

‘Remarkable Rebuke’: 130 U.S, EU Legislators Ask UN to Ditch Fossil CEO as COP 28 Chair

May 23, 2023
332
Inspiration 4 Photos/flickr

Cooling Upper Atmosphere Has Scientists ‘Very Worried’

May 23, 2023
198
University of Oxford Press Office/flickr

PEROVSKITES: Qcells Plans First Production Line for ‘Miracle’ Solar Cell

May 23, 2023
351

Recent Posts

Andrés Nieto Porras/wikimedia commons

‘Carbon Neutral’, ‘Net-Zero’ Claims Face Global Greenwash Crackdown

May 23, 2023
180
peellden/Wikimedia Commons

Scientists Sound Alarm on Methane Emissions, Habitat Hazards at U.S. Hydro Dams

May 23, 2023
139
nakashi/flickr

Tokyo Residents Rally to Protect Trees, Stop Skyscrapers in Iconic Urban Park

May 21, 2023
452
http://news.nationalpost.com/news/canada/unrecognizable-from-the-original-design-suburban-renovations-disprove-cookie-cutter-stereotype

Embrace Suburbs, Exurbs in Climate Planning, Researchers Urge Cities

May 21, 2023
41
Trocker767/wikimedia commons

Renewable-Powered Greenhouse Brings Fresh Produce Bounty to Gjoa Haven Inuit

May 21, 2023
53
HarmvdB/pixabay

Vermont Gas Utility Pivots to Heat Pumps

May 21, 2023
349
Next Post

Dam backup plan for glacier ice loss

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}