Global corporation: A course for the Sun

Not only the world's leading countries compete who will faster achieve the 100% renewable energy consumption. Leaders of the world business – large corporations, which set the trends for other companies in the world – held the similar competition.

Clean Energy Market for Corporations

Large corporations are heading to renewable energy consumption. In 2018 they purchased 13.4 GW of clean energy. This is twice as much as it was in 2017, according to Bloomberg NEF. Direct Power Purchase Agreements (PPAs) were concluded in 21 countries with the participation of 121 corporations. More than 60% of that figure – was on the USA market, where the total volume of transactions reached 8.5 GW. Facebook has become the biggest buyer, having purchased more than 2.6 GW.

In Europe, Middle East and Africa corporations have gained record level of clean energy concluding the contracts of 2.3 GW.

Companies in Asia-Pacific region concluded the contracts at a record 2 GW – that is more than the previous two years in total. This activity mainly took place in India and Australia, where about 1.3 GW and 0.7 GW of net energy were purchased. A clear trend was felt the most in 2018: 37 companies joined the initiative group RE100 to switch to 100% clean energy. For comparison, at the time of its creation in 2014, the group consisted of 13 members, and now 155 world corporations carry out the transition to free energy. Microsoft, Ikea, Johnson & Johnson, General Motors, Apple, Bloomberg LP, The Carlsberg Group, Coca-Cola European Partners, Crédit Agricole Group, Danone, eBay, Facebook, Google, The LEGO Group, Nestle, Unilever and many others are among them.

The average rate of transition to 100% free energy among participants – by 2026. Some RE100 members have already reached this goal and are moving further, for example, Apple has 100% provided its data centers with clean energy since 2013.

Global business leaders make the most of their efforts and resources to complete transition to the energy of the sun and wind. These steps will reduce carbon emissions and save billions on company retention.

The Ukrainian KNESS Group in 2018 announced that thanks to its three PVPP built, a positive energy balance was achieved – the company now produces more energy than its plants and offices consume.

Indian Railways Case

The Indian railways will soon work on a clean energy generated by PVPP with a capacity of 30GW. The State Railways Operator, Indian Railways, is planning to build solar power plants on the land of 51,000 hectares in total, which will save $4.3bn annually.
Google Case

Google launched its first clean energy project in Asia. In January 23, the company announced the contract for the purchase of a 10 MW solar power plant in Taiwan.

Over the fishing ponds 40,000 panels will be accommodated. From the entire area of the island, a little territory is suitable for the construction of a solar station, so it was decided to place the panels just above the pond.

The generated energy will allow to offset part of the energy needs of the company's data center, located 100 miles north.

Google has solar and wind projects in North and South America as well as in Europe. But in Asia this is the first project of the corporation. The new energy contract has allowed repurposing the Taiwanese Electricity Act by allowing to non-community companies to buy clean energy directly.

These changes make a part of the new energy policy of Taiwan aimed at the gradual suspension of nuclear energy by 2025, and the increase of electricity generated from renewable sources up to 20%. At this moment Google is the largest corporate buyer of renewable energy in the world. Since 2010, the company has signed more than 30 solar and wind industry agreements in America and Europe.

Apple Case

Apple – the trendsetter of the global innovation business – also contributes to the fight against climate change.

In the summer 2018 the company reported on the achievements of the transfer of its global capacities to 100% clean energy. It includes brand-salon network, offices and data centers and plants in 43 countries worldwide. It was also announced that 9 partner manufacturing companies would only use renewable energy from Apple's products.

«We take responsibility to leave the world better than it was before us. After many years of hard work we are proud to have achieved this important stage», – said Tim Cook, Apple's CEO. «We will go on working with the materials in our products, the way they are processed, our production and work with suppliers to create new, promising renewable energy sources, because we understand that the future depends on it».

Nowadays Apple operates 25 renewable-generation projects around the world. Their total capacity is 626 MW. Another 15 projects are under construction. After their commissioning, the company will own more than 1.4GW of clean energy generated in 11 countries around the world.

General Electric Case

One of the largest corporations in the world General Electric has officially held a course for clean energy. As you know the company is engaged in the manufacture of machinery, turbines, engines and power plants. In connection with the development of the renewable energy market, the corporation received large-scale orders in this area in 2018. The agreement was signed for $11 million with the British Center for Offshore Renewable Energy Catapult, which deals with clean energy. GE also manufactured 120 2.5 MW turbines for Scout Clean Energy, which builds a 300 MW wind power plant in Texas.

In 2018, General Electric received orders for the development of equipment for the construction of PVPP with a total capacity of 11500 MW, of which 3000 MW – in the last quarter of the year. Such demand for clean energy equipment has encouraged the corporation to revise its policy and hold a course for free energy as a global trend.