In the United States, renewable energy investment is taking off among private sector stakeholders. In a survey conducted by PwC, the majority of 63 major corporations which have purchased renewable capacity plan to purchase more over the next 2 years.
About 80% say they are planning to build out their renewables portfolio while 69% and 96% have identified wind and solar (respectively) as the most important technologies for their companies. The corporate and industrial (C&I) sector has become the fastest-growing segment of green energy industries; buyers site sustainability goals, reduction of GHG emissions, an attractive ROI, and the desire to limit exposure to energy price volatility as major reasons for purchasing renewables. Companies that have chosen not to contract renewable energy claim the main three drivers for opposition are lacking political will (no mandate), an unattractive ROI/payback, and the length of contracts. C&I proponents say that renewable energy is cross-functional and almost half plan to use a third party advisor to develop their procurement strategy.
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