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Corporate Clean Energy Purchases Hit Record

January 26, 2021

The coronavirus pandemic and resulting global economic slowdown curtailed some energy projects in 2020, but corporations worldwide still bought a record 23.7 GW of clean power through long-term purchase agreements.

That’s according to research published Jan. 26 by BloombergNEF (BNEF). The group in its “1H 2021 Corporate Energy Market Outlook” said more than 130 companies, across industries ranging from the technology sector to oil and gas exploration, signed clean energy contracts.

Tuesday’s report comes one day after a group of 36 U.S. companies representing the nation’s largest buyers of renewable energy released a joint statement asking the federal government to make the transition to a zero-carbon power generation sector a national priority. The companies include General Motors, Target, Walmart, Amazon, Facebook, Google, Microsoft, and PepsiCo, among others.

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