New alliance to help US corporate drive for renewables

A new initiative backed by Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT) and aimed at facilitating renewable energy use by US companies was unveiled last week.

The Renewable Energy Buyers Alliance (REBA) has a target of supporting the deployment of 60 GW of new corporate renewable energy in the country by 2025.

The alliance has been created by four non-governmental organisations -- Business for Social Responsibility (BSR), Rocky Mountain Institute, World Resources Institute and World Wildlife Fund. More than 60 companies are members of the REBA initiatives.

"We need to develop more new sources of renewable energy, and we need to make it easier for companies of all kinds to use renewable energy," said Bill Weihl, director of sustainability at Facebook, which along with Microsoft is a founding member of the alliance.

REBA will work to drive collaboration among customers, renewable energy suppliers, utilities and policy makers, and overcome market barriers to US businesses securing renewable energy.

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