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Article | February 10, 2020
The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.
According to a survey from Consumer Reports, 76% of Americans believe that expanding renewable energy is a worthwhile goal.
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Community solar programs have the potential to greatly expand the market for solar energy and make the benefits of solar more accessible. However, growth of this sector is currently inhibited by uncertainty in project delivery costs. We sat down with Dr. Joseph Goodman of the Rocky Mountain Institute to understand this challenge—and how detailed design modeling capabilities can help overcome this barrier.
The U.S. solar industry is preparing to argue that its workers are essential to the economy as it copes with a growing pile of government-mandated shutdowns to combat the spread of COVID-19. State-, county- and city-wide shutdowns, which are already in place in California, the nation's largest solar market, as well as New York and Dallas County, Texas, largely called for employees of “nonessential” sectors to stay home; the orders now cover about 20 percent of U.S. residents, according to the New York Times.
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