Published by the Chicago Sun-Times on October 7, 2018
Recent storms along the East Coast and fires across the American West make it clear that climate change is the reality of today. The good news is that corporations, cities, and forward-looking utilities are leading the way on renewable energy and climate action.
At the end of 2017, more than half of the renewable energy purchase agreements held by corporate customers around the globe were here in the United States. Those U.S. deals represented almost 2.5 gigawatts of mostly wind power. In 2018, we have seen no sign of a slowdown. In fact, the appeal of renewables is spreading. In a sector previously dominated by tech companies, we now see large industrials, pharmaceuticals, hospitals, universities and cities driven by sustainability goals, looking for wind and solar power.
As energy storage becomes more widely available, offering benefits like avoiding peak energy costs, the appeal of renewable energy power purchase agreements will expand. As demand remains strong, new partnerships will emerge and alliances created to rise to the challenge of global climate change.
Rafael Esteban. CEO, ACCIONA Energy USA Global, Loop