Google, GM, Facebook, Walmart, Disney, and more than 300 other companies have launched the Renewable Energy Buyers Alliance (REBA), an organization that aims at making renewable energy purchases easier for large-scale buyers.
The alliance wants to create “a resilient carbon-free energy system where every organization has an easy and cost-effective path to buying renewable energy.”
REBA has set a goal to “bring more than 60 gigawatts of new renewables online in United States by 2025,” which would have a serious impact on renewables in the country. To put that in perspective, that’s almost equivalent to the total solar capacity currently installed in the U.S.
A REBA graph shows corporate renewable energy deals hit 6.53 GW in capacity last year, and almost 16 GW in the past five years. On-site generation and deals with operating plants were excluded from the count. (A report earlier this year claimed corporations purchased 13.4 GW of clean power last year, with 8.5 GW coming from U.S. PPAs.)
Going from 16 GW to 60 GW by 2025 requires a great deal of growth — REBA’s goal includes existing corporate renewable deals — but bringing this many major companies into the fold could make it possible.
Besides Google and GM, other companies listed in REBA’s “leadership circle” include Facebook, Johnson + Johnson, Disney, Salesforce, Citi, and a number of energy companies, including First Solar, EDF Renewables, and Distributed sun. REBA’s website offers more details about the alliance, which goes beyond the biggest corporations: