U.S. Department of Energy Office of Energy Efficiency and Renewable Energy U.S. Department of Energy Energy Efficiency and Renewable Energy
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U.S. Industry Reaping Financial Benefits with Wind Energy

U.S. Industry Reaping Financial Benefits with Wind Energy

Date: 1/17/2017

Manufacturing Business Technology magazine reports that although "industry and renewables may still feel a bit like strange bedfellows," an increasing number of U.S. companies (such as IKEA, Walmart, Microsoft, Yahoo, and Google) are signing power purchase agreements to procure renewable energy, in part because of favorable economics. According to Mars' Global Sustainability Director Kevin Rabinovitch, his company signed a 201-megawatt wind power purchase agreement in 2014 because "Wind in the United States, and particularly in Texas, has tremendous economics. With cost parity to the fossil fuel alternative it makes sense, not just environmentally."

This information was last updated on February 08, 2017