Corporate buyers drive US clean energy growth, report finds
Corporate purchasers are increasingly driving renewable energy development in the US, according to a report commissioned by the Clean Energy Buyers Association (CEBA). The study found that without voluntary commitments from companies to buy renewable power, many projects would face financing hurdles, limiting the ability to meet growing electricity demand. Virtual power purchase agreements (VPPAs), which allow companies to secure long-term contracts for future electricity at fixed prices, are critical to project financing. Lenders often…