In this Renewables WatchTM white paper*, ESAI examines how the prevalence of power purchase agreements (PPAs) between corporations and renewable plant owners has increased in the past decade. We take a deep dive into the historical trends and prospects for continued growth in the procurement of renewable energy by corporate entities. In recent years, corporate greenhouse gas reduction and renewable energy goals have led to contracts between corporate entities and owners of renewable generation facilities totaling more than 64 GW across the United States. While this capacity is significant, there remains additional headroom for corporate contracts as the generation associated with the capacity currently under contract accounts for only 7 percent of the total U.S. commercial and industrial load.
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