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GROWING CORPORATE DEMAND FOR RENEWABLE GROWTH Letha Tawney, Director of Utility Innovation, World Resources Institute Release the Energy, Danish Energy.

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Presentation on theme: "GROWING CORPORATE DEMAND FOR RENEWABLE GROWTH Letha Tawney, Director of Utility Innovation, World Resources Institute Release the Energy, Danish Energy."— Presentation transcript:

1 GROWING CORPORATE DEMAND FOR RENEWABLE GROWTH Letha Tawney, Director of Utility Innovation, World Resources Institute Release the Energy, Danish Energy Association, June 6, 2016 IMAGE: FLICKR/ORAN VIRIYINCY

2 WRI’s ENERGY GOAL| We foster collaborations between utilities, large energy buyers and regulators to create opportunities for cost-effective renewable energy deployment.

3 CORPORATE AMBITION IS SUBSTANTIAL 60% of the US Fortune 100 and 43% of the US Fortune 500 have a GHG, RE or EE target. www.REbuyers.org

4 CORPORATE AMBITION Power Forward 2.0

5 65 INTERNATIONAL COMPANIES HAVE MADE COMMITMENTS TO 100% RENEWABLE ENERGY www.there100.org

6 OVER 160 COMPANIES HAVE COMMITTED TO SCIENCE BASED TARGETS www.sciencebasedtargets.org

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9 CORPORATE RENEWBLES DEALS - US Copyright 2016 by Rocky Mountain Institute. For more information, please visit http://www.businessrenewables.org/ or contact BRC@RMI.org. Gigawatts of Capacity 3210 MW

10 CORPORATE MARKET SHARE IS GROWING Contracted Wind Capacity (MW) by Type Corporates signed approximately 19% of wind PPAs in 2014, and around 56% in 2015. Copyright 2016 by Rocky Mountain Institute. For more information, please visit http://www.businessrenewables.org/ or contact BRC@RMI.org.

11 Buyer Capacity (MW) Google F 500 1,839 Amazon F 500 538 Walmart F 500 377 Equinix 330 Microsoft F 500 285 IKEA 263 Owens Corning F 500 250 Facebook F 500 238 Apple F 500 220 Dow Chemical F 500 200 Mars 200 Switch 179 Kaiser Permanente 153 Procter & Gamble F 500 138 Buyer Capacity (MW) 3M F 500 120 HPE F 500 112 Philips 65 General Motors F 500 64 Salesforce F 500 64 SC Johnson 53 Corning F 500 50 BD F 500 30 Lockheed Martin F 500 30 Iron Mountain 27 Steelcase 25 Yahoo 23 Cisco F 500 20 Bloomberg 20 28 CORPORATES HAVE SIGNED US DEALS Copyright 2016 by Rocky Mountain Institute. For more information, please visit http://www.businessrenewables.org/ or contact BRC@RMI.org.

12 28 DEVELOPERS HAVE SIGNED US DEALS Capacity (MW) # of Deals # of Corporates Pattern Energy Group 15011 Enel Green Power 13422 Pioneer Green Energy 11611 SunPower 10532 Alterra Power 10011 Tradewind Energy 10011 Community Energy 8011 Cypress Creek Renewables 6111 Spartan Renewable Energy 5311 Constellation 4211 Akuo Energy 4011 Enbridge 4011 New Jersey Resources 2711 NRG 2011 Developer Capacity (MW) # of Deals # of Corporates NextEra Energy Resources 69185 EDF Renewable Energy 58766 Invenergy 57044 MidAmerican Energy 54522 Apex Clean Energy 33643 RES Americas 31022 First Solar 29532 Chermac Energy 23911 Duke Energy Renewables 23333 SunEdison 21722 EDP Renewables 21544 Iberdrola Renewables 20811 BNB Renewable Energy 20011 Bordas Wind Energy 20011 Copyright 2016 by Rocky Mountain Institute. For more information, please visit http://www.businessrenewables.org/ or contact BRC@RMI.org.

13 CLEAN ENERGY MINISTERIAL CAMPAIGN: Goal: get more companies to commit powering operations with renewables and deploy tools and resources to enable more companies large and small, to do so. http://www.cleanenergyministerial.org/Our-Work/Campaigns/Corporate-Sourcing-of-Renewables

14 CLEAN ENERGY MINISTERIAL CAMPAIGN: WHY IT’S NEEDED To raise awareness and build the business case. To drive the market and boost the economy. To remove the policy barriers. To build consumer confidence. http://www.cleanenergyministerial.org/Our-Work/Campaigns/Corporate-Sourcing-of-Renewables

15 CLEAN ENERGY MINISTERIAL CAMPAIGN: THE COALITION Led by the governments of Germany and Denmark, other CEM members participating in the Campaign include China, the European Commission, Mexico, Sweden, the United Kingdom, and the United States. The governments are joined by several partners: International Renewable Energy Agency (IRENA), the Renewable Energy Buyers Alliance (REBA), RE100, World Business Council for Sustainable Development (WBCSD), World Resources Institute (WRI), and others. http://www.cleanenergyministerial.org/Our-Work/Campaigns/Corporate-Sourcing-of-Renewables

16 CORPORATE RE BUYERS’ PRINCIPLES

17 Energy buyers Utilities A utility energy product that replaces a customer’s standard resource mix and monthly bill with locally-delivered renewable energy, typically at a fixed price. WHAT IS A GREEN TARIFF?

18 http://buyersprinciples.org/corporate-re-strategy-map/ CORPORATE RENEWABLE STRATEGY MAP Where companies can buy renewable energy through the grid. Virginia

19 THANK YOU


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