A record 31.1GW of clean energy was bought by corporations through power purchase agreements (PPAs) last year, with technology companies once again the largest buyers, according to research firm BloombergNEF (BNEF).
Raising more than US$1 billion in equity capital in the past year, US independent power producer (IPP) Silicon Ranch is looking to expand its model of developing, owning and operating large-scale PV plants while maintaining a strategy of co-locating projects with regenerative agriculture.
Ingka Group, a retailer that runs the majority of IKEA stores, has allocated an additional €4 billion (US$4.8 billion) to invest in solar and wind plants.
US home improvement company Lowe’s plans to procure renewable energy from a solar project for the first time after securing a deal with developer Swift Current Energy.
Google and Honda will be among the offtakers of a 1,310MW PV project to be constructed by Invenergy that is set to be the largest solar generation facility in the US when complete.
Deal to procure 1.6GW of renewables worldwide will see Silicon Valley giant purchase 720MW of PV in the US, 160MW in Denmark and 125MW from Chilean solar-plus-wind hybrid.
WoodMac, AWEA: Better fit with energy storage will help PV attract vastly more corporate interest through 2030 but looming ITC phase-out could put brakes on progress.
