26 Apr '17, 11am

Aggregated energy: Can group purchases help scale renewable power?

One of the primary knocks against corporations getting into the business of backing large-scale clean energy projects is the fact that high rollers tend to dominate the field. Think Apple's $850 million deal back in 2015 to build a California solar farm, or Google, Ikea and Walmart's $1 billion-plus renewable power portfolios. For those without 10-figure sums on hand, however, a new option could soon be on the table. Instead of relying on one blockbuster energy user to solely finance a new solar, wind, hydropower or other renewable energy project, so-called "aggregated" purchasing models hold promise to broaden the field of potential corporate backers by bringing multple companies together in one deal. That is, if different parties can get on the same page and hash out familiar obstacles related to the complexity of long-term clean energy purchases. “For several years now,...

Full article: https://www.greenbiz.com/article/aggregated-energy-can-gr...

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