Solar power prices rising with demand
Recent BloombergNEF research shows that corporations procured a record 31GW of renewable energy in 2021, and LevelTen Energy says that growth occurred despite more than a year of price increases.
UltraTech Cement to switch to 100% renewable power by 2050
The US$ 5.9-billion building solutions manufacturer aims to increase the share of green energy to 34% of its total power requirement by 2024, and further to 100% by 2050, from the current levels of 13%.
The long read: Renewable energy procurement comes to China
An growing number of companies globally have set sustainability targets to address the climate emergency. More than 700 companies are taking action to reduce their carbon footprint, write Caroline Zhu and Jiayin Song of Rocky Mountain Institute, and over 200 companies have publicly made the RE100 commitment to procure 100% of their electricity from renewable energy.
Corporate clean energy PPAs to smash last year’s record: BloombergNEF
Power purchase agreements for 8.6 GW of clean energy have been signed in 2019 till July—up from 7.2 GW at the same time last year—with USA alone accounting for up to 70% of the deals. India continues to lead the Asia Pacific region despite registering a slowdown in the activity.
