US corporate demand for investment in renewables is growing - PwC
The renewable energy market has seen strong growth of corporate purchases in the past one or two years, PwC said this week as it released a survey looking into the companies' motivation.
The poll showed growing demand with 72% of respondents planning renewable purchases in the next 18 months. A total of 63% have become more inclined to purchase in the last six months.
PwC questioned US-based companies mainly with large energy footprints and such that have purchased renewables in the past.
The other 28% who are not actively pursuing purchases are deterred by multiple reasons. The main three are the lack of a mandate, an unattractive return on investment (ROI) and the length of contracts.
Renewables purchases are mainly driven by sustainability and greenhouse gas emissions goals. This is a reason cited by 85% of the companies actively pursuing purchases. Next come a wish to generate an attractive ROI with 76% and to limit exposure to energy price variability with 59%.