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March 29, 2019

REBA aims 60GW of corporate renewables by 2025

More than 300 companies that include Walmart, General Motors, Google and Facebook have formed a US-based group of renewable energy buyers called the Renewable Energy Buyers Alliance (REBA).

More than 300 companies that include Walmart, General Motors, Google and Facebook have formed a US-based group of renewable energy buyers called the Renewable Energy Buyers Alliance (REBA).

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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REBA aims to bring more than 60GW of new renewables online in the US by 2025.

Google Energy Market Strategy head and REBA’s first board chair Michael Terrell said: “Every enterprise, whether it’s a bakery, a big-box retailer, or a data centre, should have an easy and direct path to buy clean energy. Ultimately, sourcing clean energy should be as simple as clicking a button.”

“Today’s REBA launch demonstrates that large energy buyers from across every sector are committed to doing their part to solve this problem.”

With offices in Washington, DC, and Boulder, Colorado, REBA will comprise a wide range of industries and businesses, whose leadership circle represents annual revenues of $1tn and more than 1% of the US annual electricity consumption (48TWh).

REBA aims for a resilient carbon-free energy system, which will enable organisations to have easy and cost-effective access to buy renewable energy.

To offer a greater choice for corporate energy buyers, the organisation aims to open energy markets by focusing on innovations in policy, markets, technology and educational training.

General Motors sustainable energy/supply reliability global manager Rob Threlkeld said: “Today’s REBA launch demonstrates that large energy buyers from across every sector are committed to doing their part to solve this problem.”

REBA was originally founded in 2014 as a partnership between four non-governmental organisations (NGOs) including Rocky Mountain Institute, World Wildlife Fund, World Resources Institute, and Business for Social Responsibility.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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