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Corporate Renewable Energy Procurement Makes Significant Gains in 2017

Corporate Renewable Energy Procurement Makes Significant Gains in 2017

JERSEY CITY, NJApril 16, 2018—Last week, the Business Renewables Center (BRC), a membership program at Rocky Mountain Institute, hosted its annual member event for corporate buyers of renewable energy. At the event, BRC released a new report titled Corporate Renewable Energy Procurement: 2017 State of the Market, North America.

The report highlights corporate-backed renewable energy transactions for 2017, which reached 2.78 gigawatts (GW) in the United States and represents the second-best year to date for non-utility renewable energy deals domestically.

The BRC’s annual member event ran from April 11-13, 2018 at the headquarters of Goldman Sachs in Jersey City, NJ. Over 300 participants were in attendance from 230+ BRC member companies representing buyers, developers, service providers and non-governmental organizations from across the corporate renewable energy procurement market.

“Following our first renewable energy purchase last year, Goldman Sachs was pleased to host the annual Business Renewables Center member event this week,” said Cindy Quan, Global Head of the Environmental, Social and Governance team in Goldman’s Corporate Services and Real Estate Group. “Our firm views sustainability as an integral part of a strong economy, and our partnership with RMI’s Business Renewables Center helps us work even more closely with the world’s leading companies on buying clean, renewable energy.”

BRC’s State of the Market report highlighted the growth of corporate renewable energy purchasing in the U.S., reaching over 9 GW cumulatively by the end of 2017, and the uptick in early corporate deals announced in 2018 to date at 1.96 through early April.

“The annual BRC Member Event is an important opportunity to take stock of just how much the demand for renewable energy by corporations has grown,” said Miranda Ballentine, Managing Director for BRC, Rocky Mountain Institute. “The corporate buyer community has expanded dramatically as more companies make meaningful sustainability commitments that drive toward a clean, prosperous, and secure low-carbon future.”

 

Contact:

Nick Steel
Senior Associate
Media Relations
Tel: +1 347-574-0887
nsteel@rmi.org

 

About the Business Renewables Center

Rocky Mountain Institute’s Business Renewables Center (BRC) is a member-based platform that streamlines and accelerates corporate purchasing of off-site, large-scale wind and solar energy. With over 230 members, including major corporations, leading renewable energy project developers, and transaction intermediaries, the BRC embodies the know-how of the industry.

Today, BRC members account for over 11 gigawatts of renewable energy, and more than 95 percent of corporate renewables deals to date have included a BRC member. With a goal to help corporations procure 60 gigawatts of renewable energy by 2030, the BRC is at the leading edge of the fastest-growing sector of renewable energy procurement.

More information on the BRC can be found at www.businessrenewables.org

Media Team

Mark Grundy
Managing Director
Email

Nick Steel
Sr. Media Associate
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