As Renewable Energy Costs Fall, Businesses Sign More Deals

SUGAR LAND--December 20, 2018--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--As evidence grows that renewable energy can be cheaper than other forms of energy, including natural gas combined-cycle (NGCC) generation, businesses continue to sign power purchase agreements (PPAs) or build renewable generation at their sites. In recent weeks, Microsoft Corporation (NASDAQ:MSFT) (Redmond, Washington) and Walmart Incorporated (NYSE:WMT) (Bentonville, Arkansas) signed PPAs for wind generation. Those transactions were neither companies' first foray into renewable energy.

Within this article: Reasons why corporate America is increasingly turning to renewable power purchase agreements

Other companies featured: Target Corporation (NYSE:TGT), AstraZeneca plc (NYSE:AZN), Bank of America Corporation (NYSE:BAC), Facebook Incorporated (NASDAQ:FB), Johnson & Johnson (NYSE:JNJ), General Motors Company (NYSE:GM)