Solar is to leapfrog wind to become the undisputed top renewable energy source for US corporates greening their supply through 2030, according to Wood Mackenzie and US wind body AWEA.
In a report unveiled this week, both organisations said a mix of political and economic factors could see Fortune 1000 firms snap up 85GW worth of clean energy supply in the years to 2030, with 2018’s record annual purchases of 6GW set to accelerate even further.
Coupled with cost declines and incentives such as investment tax credits (ITC), the “failure” of US federal policy – including Donald Trump’s move to axe his predecessor Barack Obama’s Clean Energy Plan – has galvanised corporates’ solar and wind agenda, the analysis said.
