“Green” corporations is an indisputable renewable and solar energy 2019 global trend.
Thus, in 2017, according to BloombergNEF, 43 corporations in 10 different countries of the world signed “green” contracts for a total capacity of 5.4 GW, compared with 4.3 GW in 2016 and 4.4 GW in 2015. In 2018, this indicator increased significantly. In addition, RE100, a global initiative that unites the world’s most influential companies, committed to 100% renewable power, also forecasts a tendency towards the solar energy market’s growth.
It’s worth reminding that last week, Microsoft corporation announced the signing of a 15-year agreement, by which it will be the single off-taker of the renewable energy produced by Wilkinson Solar Energy Center. Microsoft intends to get 60% of energy for its power requirements from renewable energy sources by the end of 2020.
Other companies like Apple, Alphabet, Amazon and Walmart, among others, are also seeking greater use of renewable energy in their operations. In fact, Apple and Alphabet owned Google have achieved 100% renewables target and are powered by green energy. Amazon Web Services (AWS) attained 50% dependency on renewable energy in January 2018, and has plans to hit 100% target in the longer haul.
Undoubtedly, going green will help big companies to save on costs and protect the environment at the same time. Moreover, it is expected to help reduce global warming and fossil fuel consumption.