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Businesses Are Buying More Renewable Power Than Ever Before

“There are several reasons clean power is attractive. Renewable energy is often the cheapest source of electricity. Long-term contracts to buy clean power from wind and solar farms can also act as hedges against uncertain wholesale prices.

“Google and other big technology companies have driven the trend, but the pool of clean-power buyers is deepening.

“Smaller companies have benefited from growing standardization in the ways companies agree to buy clean energy. Sometimes these companies are recruited to buy wind and solar power from the same power plant as larger buyers that function ‘like anchor tenants,’ Harrison said.”

FULL STORY published April 30, 2018 via Bloomberg