Renewable energy sourcing by US-based corporates set for record high in 2019

US-based corporates have collectively signed contracts for 5.95 GW of renewable energy so far in 2019, compared to 6.2GW during the whole of 2018, new analysis has found.

The biggest growth market for corporate PPAs in H1 of 2019 was the US. Image: US Air Force 

Published by Bloomberg New Energy Finance (BNEF), the Corporate Energy Outlook report states that corporations, globally, signed contracts to purchase 8.6GW of clean power between January and June 2019, up from 7.2GW during the same period in 2018.

The US was confirmed to continue dominating this growth, with 5.95GW of deals having been secured in the first half of 2019. This means that the country accounted for 69% of all activity during this period.

“Companies are

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