Large tech companies lead the top 10 list of corporate renewable energy buyers of 2020

#1’s renewable energy purchase eclipses all others by a large margin


The Renewable Energy Buyers Alliance (REBA) released its annual Top 10 list — highlighting 2020’s leading large renewable energy buyers.



REBA says its members accounted for 97 percent of all renewable energy deals announced in 2020.

#1.

Many large tech corporations such as Google made great strides in their renewable energy purchases, but it’s no surprise that Amazon topped the list with the procurement of 3.163 gigawatts (GW).

The company’s total renewable energy investments to date will supply 6.5 gigawatts (GW) of electricity production capacity — enough to power 1.7 million U.S homes for one year.

Which other corporations made the list?

Strategies used to transact in the energy market have evolved, and so too has the profile of a typical large energy buyer.

While large tech continued to represent the highest announced renewable energy procurement by volume, industrials and materials were the top sector for new buyers, which indicates the importance of decarbonization of industrial supply chains to meet zero-carbon goals.

“Large energy buyers have led the market since the inception of renewable energy in 2008. It is remarkable that the business community announced nearly 100 new deals while managing the impacts of a global pandemic,” said Miranda Ballentine, CEO, REBA.

Ranking Company Volume (Gigawatts)
1 Amazon 3.163
2 Google 1.040
3 Verizon* .840
4 McDonald’s .750
5 Facebook .725
6 General Motors .610
7 Nucor* .325
8 Evraz North America* .300
9 Lowe’s .250
10 Nestlé .250
*company is not a REBA member

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