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Despite the challenges to all forms of US corporate investment
plans created by the economic downturn this year caused by
COVID-19, commitments by large US companies to purchase renewable
energy continued to grow. As a result, corporate procurement of new
renewable projects to offset electricity consumption has upside
potential over the next 10 years, according to a report by IHS
Markit.
More than 3 GW of renewable and battery energy storage system
capacity was signed in the first half of 2020, up from 2 GW in the
first half of 2019, according to the report, "Corporate US
renewable procurement outlook: Optimism amid a pessimistic year,"
written in September.
More significantly, new corporate commitments will grow by
4.4-7.2 GW per year through 2030, IHS Markit forecasts.
Despite the challenges to all forms of US corporate investment
plans created by the economic downturn this year caused by
COVID-19, commitments by large US companies to purchase renewable
energy continued to grow. As a result, corporate procurement of new
renewable projects to offset electricity consumption has upside
potential over the next 10 years, according to a report by IHS
Markit.
More than 3 GW of renewable and battery energy storage system
capacity was signed in the first half of 2020, up from 2 GW in the
first half of 2019, according to the report, "Corporate US
renewable procurement outlook: Optimism amid a pessimistic year,"
written in September.
More significantly, new corporate commitments will grow by
4.4-7.2 GW per year through 2030, IHS Markit forecasts.
