Corporate Renewable Energy Procurement Survey Insights
Brian Carey, George Favaloro | PwC
One of the biggest developments in the renewable energy marketplace in the last 12–24 months has been the rapid growth in corporate renewables purchases.
We surveyed a select group of companies headquartered in the US to better understand what is driving corporate renewables purchases, and also what is holding companies back from doing even more.
Highlights of the survey:
A strong majority of respondents (72%) are actively pursuing renewable energy procurement.
The majority of respondents (63%) have become more inclined to purchase in the last six months; among those who have made a purchase in the past, an even larger majority (85%) intend to make additional purchases in the next 18 months.
- Intent to purchase is driven by a desire to meet sustainability goals and to reduce greenhouse gas emissions, generate an attractive ROI, and limit exposure to energy price variability.
- About 80% of the companies surveyed are planning to build out their renewables portfolio via multiple types of transactions (e.g., an offsite PPA and an onsite direct purchase).
- While onsite PPAs remain the most popular procurement approach, more than half of those intending to purchase plan to do so via a combination of offsite and onsite PPAs and almost a third plan to procure via offsite virtual PPAs.
- The most commonly cited reasons for not actively pursuing renewable procurement is the lack of a corporate mandate, an unattractive ROI/payback, and the length of contracts.
Click here to download the full survey.
Attend Corporate Renewables 2016, and hear from PwC’s George Favaloro and Kevin Jackson. The summit takes an in-depth look at the corporate renewable landscape, from PPAs and procurement to deal structures and financing options. To see who else is speaking, check out https://infocastinc.com.