US corporate demand will drive up to 72 GW in new renewable projects over next 10 years

Corporate-driven power purchase agreements (PPAs) “could represent 20% of all utility scale renewable power additions” in the United States from 2021 to 2030, according to a recent IHS Markit report, Utility Dive reports. The report concludes corporate-driven PPAs “could drive development of 4.4 GW to 7.2 GW annually,” according to the article. More than 200 companies in the U.S. are procuring renewable energy or plan to do so, and “about 40% of these companies have targets that escalate through the early to mid-2020s.” For more, read the full article.

Federal Updates, Renewable Energy