Sparklines
Growing Corporate Presence in Power Markets Will Boost Clean Energy
Corporations purchased 31 gigawatts of clean power through long-term contracts in 2021.
Photovoltaic panels at a solar farm operated by Yellow River Power in Gonghe County, Qinghai province, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Sign up to receive the Green Daily newsletter in your inbox.
Companies have been buying renewable energy to power their operations for decades. At first, this was done at very small and highly distributed scale, such as attaching solar power to remote monitoring systems for pipelines. In the early 2000s, companies began to build their own rooftop solar assets to power buildings, or contract with a third party to meet the same demand onsite.