This Earth Day, we invite you to join us in celebrating the explosive growth in renewable energy.
When we started Renewable Choice back in 2001, our aspiration was three-fold: an energy landscape where renewables and energy derived from fossil fuels would compete on cost; an increased amount of clean power added to our overall national grid mix; and, true to our name, a marketplace where consumers would have a choice in the type of energy they purchase.
In 2015, our vision is becoming a reality.
For the first time, renewables and fossil fuel-based energy have begun to reach price parity as the price of technologies like wind and solar continue their precipitous decline, fueled by voluntary and compliance market demands, economies of scale, and federal tax credits.
As a result of these favorable development conditions, companies are buying renewables in greater volumes than ever before. Buyers are exploring utility-scale power purchase agreements (PPAs) and purchasing renewable energy credits (RECs) from creative and expanding portfolios of domestic and international projects.
Increasing numbers of corporate, institutional, and individual buyers in the US and abroad are driving project development, leading major news outlets to declare 2015 the “Year of Renewables” and rapidly shifting the energy grid mix towards clean power:
Last year, the US produced 181 million megawatt hours (MWh) of wind power, making it the largest wind producer in the world.
That same wind generation also avoided the consumption of more than 200 billion gallons of waterduring a time when many states are facing devastating drought.
36% of all new electricity added to the grid in 2014 came from solar – a new project got installed every three minutes!
Wind and solar alone now make up nearly 5% of the national energy grid, a significant increase over even five years ago.
Bloomberg New Energy Finance expects that a record 18.5 gigagwatts of renewable power will be built in 2015.
This Earth Day, we invite you to join us in celebrating the explosive growth in renewable energy and the horizon of a cleaner future through green power.
Want to learn more about how our products and services are driving the voluntary market? Contact us.