Commercial, Distributed Generation, Hydro, Industrial, Solar, Sourcing Renewables, Wind - January 12, 2016
Renewable Energy Buyers' Principles adds 6 new participants to growing list of large-scale names
The Corporate Renewable Energy Buyers’ Principles — a U.S. initiative run by the World Wildlife Fund and World Resources Institute that aims to make large-scale renewable energy easier for companies to buy — added six more companies in December, bringing the total number of participating companies to 49.
The new participants are Google, McDonald's, adidas Group, Nestle, Kellogg and Avery Dennison.
In aggregate, the 49 companies' targets and plans represent more than 42 million MWh of demand for new renewable energy in the US by 2020.
"More than simply a statement of intention to buy renewable energy, the Principles are a practical guide to utilities, utility regulators and renewable energy providers, helping them create the products their customers need to meet these goals," the World Wildlife Fund and World Resources Institute partnership said in a release.
Given recent trends – the Principles originally launched in July 2014 with 12 companies - it appears likely that a 50th participant could join sometime in early 2016.