Is the Long-Term PPA Becoming Outdated for Corporate Renewables Procurement?

By [email protected] Apple, Target, Facebook, Google, Wal-Mart and General Motors are among the nearly half of Fortune 500 companies with sustainability and/or clean energy targets. Non-utility customers accounted for 52 percent of last year’s 4,000 megawatts of U.S. wind deals, and American companies represented 907 megawatts of solar in 2015 — a nearly 60 percent increase over the previous year.

But procurement strategy isn’t evolving with the rate of adoption. The private sector’s attachment to the long-term power-purchase agreement (PPA) threatens the long-term reputation of the renewables sector.

The sales pitch: wholesale energy costs will continue to rise, and consumers ought to lock in

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