Facebook crowned as 2019's top US buyer of renewable energy

Solar power plant. Source: Facebook Inc

February 6 (Renewables Now) - Social media giant Facebook (NASDAQ:FB) is leading the 2019 ranking of the large renewable energy buyers in the US, having procured 1,546 GW last year.

This is evident from the newly released Deal Tracker by the Renewable Energy Buyers Alliance (REBA), which covers publicly announced corporate power purchase agreements (PPAs), green power purchases, green tariffs and outright project ownership in the US.

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According to the latest update of the Deal Tracker, total renewable energy procurement in the US amounted to 9.33 GW in 2019. Internet-related services major Google LLC and telecommunications company AT&T Inc (NYSE:T) followed Facebook with 1,107 GW and 960 MW of procured volume.

The table below shows the full Top 10.

1. Facebook 1,546 GW
2. Google 1,107 GW
3. AT&T 960 MW
4. Microsoft 624 MW
5. T-Mobile 581 MW
6. Walmart 541 MW
7. Amazon 487 MW
8. Ball Corporation 388 MW
9. McDonald's 380 MW
10. Honda 320 MW

“Well over half of all energy consumption comes from the commercial and industrial (C&I) sector, so it is increasingly important that large energy buyers are identifying opportunities to reduce emissions,” commented Miranda Ballentine, CEO of REBA.

The Alliance has set an overall goal to catalyse 60 GW of renewable energy by 2025. It notes that there is a surge of first-time buyers accounting for over 50% of transactions.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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