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U.S. corporate giants form alliance to source clean energy from renewables

Corporate Renewable Deals (U.S.) 2014-2018 (source: REBA)
Alexander Richter Alexander Richter 1 Apr 2019

The Renewable Energy Buyers Alliance (REBA), a new trade group for businesses and organizations is active seeking to procure renewable energy across the United States, allowing the companies to directly support clean energy proejcts.

A new trade group has been established for corporations and non-profits in the United States to improve the opportunities for companies to buy clean energy.

The Renewable Energy Buyers Alliance (REBA) is a membership association for businesses and organizations seeking to procure renewable energy across the United States, allowing the companies to directly support clean energy projects.

Large energy consumers have the buying power and collective voice that change markets. Energy buyers have a unique and critical role in driving a zero-carbon energy future… but they need help. REBA is the organization to do it.

REBA is an alliance of large clean energy buyers, developers, and service providers that, together with NGO partners, are unlocking the marketplace for all nonresidential energy buyers to lead a rapid transition to a cleaner, prosperous, zero-carbon energy future.

Since 2014, the REBA community has grown to over 200 large energy buyers, and over 150 clean energy developers and service providers. Participants in the REBA community have been a part of 95% of all large-scale US corporate renewable energy deals to date.

With dedicated expertise from four successful nonprofit programs that have helped organizations break through barriers in renewable energy procurement in recent years, REBA’s goal is to catalyze 60 gigawatts (GW) of new renewable energy by 2025, and expand the number of organizations buying clean power from dozens today to tens of thousands.

The goal of the organisation is to grow the market for corporate renewable deals from 16 GW today to 60 GW by 2025.

In an overview on “Corporate Renewable Deals“, REBA shares details for the years of 2014 to 2018.

So while deals vary greatly over the years, the more than doubling of capacity bought in 2018 draws a positive picture for the renewable energy sector in the U.S.

How far this could help push geothermal development in the United States will have to be seen.

Source: CNBC