Collaborative corporate project launched to support 'watershed decade' for renewables
February 9th, 2015 | posted on www.edie.net
Wind and Solar capacity in the United States could double by 2025 as demand increases from corporations seeking to fulfil commitments to shift to renewables.
That’s the outlook of the Rocky Mountain Institute (RMI), which has this month launched the Business Renewables Center (BRC) in response to this growing demand. The BRC brings corporate renewable energy buyers – with a combined revenue of $430bn and 24TWh in electricity consumption per year – together with renewable energy project developers and transaction service providers.
Corporate energy buyers among the Center’s 25 founding members include Bloomberg, eBay and General Motors (GM). The BRC aims to remove the main barriers for companies transitioning to renewable power, namely high transaction costs and the complexity of large-scale renewables transactions. Its efforts will aid the rapid expansion of the US renewables market; enabling capacity to double by at least 2035, although possibly as early as 2025, according to the RMI.
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