Commercial, Solar, Sourcing Renewables - July 26, 2019
Apple leads corporate solar procurement
Apple was named the leading procurer of corporate solar in the U.S. in 2018 with nearly 400 MW of total installed capacity. Rounding out the top five were Amazon, Target, Walmart, and Google.
The rankings were released by the Solar Energy Industries Association’s Solar Means Business 2018 report, which contains data from both on-site and off-site installations, tracking more than 7,000 MW of installed solar capacity across 35,000 projects, an increase from 2,500 MW and 7,000 projects in the 2017 report.
“Top companies are increasingly investing in clean, reliable solar energy because it makes economic sense,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “During the Solar+ Decade, corporate solar investments will become even more significant as businesses use solar to fight climate change, create jobs and boost local economies. When global brands go solar, the rest of the world takes note, and this report puts the power of corporate solar investment on full display.”
Falling prices and more flexible financing and procurement structures have led to rapid growth in corporate solar adoption, with more than half of all corporate solar capacity in the U.S. installed since 2016. Today, the 7,000 MW of installed commercial solar generates 10.7 million MWh of electricity annually, enough to power 1.4 million homes.
The top 10 companies, along with their installed capacity were:
- Apple, 393.3 MW
- Amazon, 329.8 MW
- Target, 242.4 MW
- Walmart, 208.9 MW
- Switch, 179 MW
- Google, 142.9 MW
- Kaiser Permanente, 140 MW
- Prologis, 126.3 MW
- Solvay, 81.4 MW
- Fifth Third Bank, 80 MW