Renewables for Everyone: Moving Beyond the Fortune 500
The above deal structure innovations are already providing options for organizations outside the Fortune 500 to purchase renewable energy, and this process is just getting started. Future innovations could further simplify the procurement process by reducing the required length of these contracts (most PPAs are 10 years or more) and providing options for institutions with lower credit scores. As highlighted above, intermediaries such as electric utilities and retail energy providers can play a key role in broadening the availability of these solutions and driving innovation in the market. Renewable energy is already cost effective and scaling rapidly, but it’s up to the energy industry and entrepreneurs to make it easily accessible for everyone.