At-a-Glance:
Just which companies are the biggest buyers of green energy? In 2020, it was Amazon, which bypassed Google and Facebook. These companies were followed by French oil giant Total, the Taiwan Semiconductor Manufacturing Company, and U.S. telecom Verizon. To learn more, read “Amazon Tops The 2020 List Of Corporate Renewable Energy Buyers.” Reading this article may require a subscription.
Key Takeaways:
- In its 2021 Corporate Energy Outlook, BloombergNEF reported that more than 130 companies in sectors ranging from oil and gas to big tech have inked clean energy deals and purchased 23.7 gigawatts of clean energy.
- Amazon entered into 35 power purchase agreements in 2020 and has purchased 7.5 gigawatts of clean energy to date.
- Sixty-five companies joined the RE100 in 2020, pledging to offset 100% of their electricity consumption with clean energy; there are 280 companies in all.
- Forty-eight percent of Fortune 500 and 63% of Fortune 100 companies are promising to cut their greenhouse gases and increase their use of renewable energy or improve their energy efficiencies.
Path to 100% Perspective:
More corporations are realizing the benefits of investing in clean energy to expand responsibility, reliability, and flexibility. These companies are setting an ambitious example for others to follow as the path to 100% is seen as possible, practical, and financially feasible. Access to clean energy resources on a global scale is making it easier for companies to set and work toward clean energy targets.