Large Corporations Shifting Toward Renewable Energy: What Developers Need to Know
Large Corporations Have Been Shifting Toward Renewable Energy in Recent Years
This is a major step forward for the renewable energy industry, but there is still work to be done. For commercial and industrial developers, it is important to retain tenants, not just acquire sites. Intersect Energy is here to help commercial developers lower energy costs, meet social demands and improve client retention. Let’s take a deeper look at the shift toward renewable energy and what we can do to help you succeed as a developer.
Solar Energy and Lower Costs
When discussing the benefits of renewable energy, lower costs is usually one of the first things mentioned. The reason why is because renewable facilities not only operate at a very low cost, but the prices are stable because green energy comes from the sun or wind, which is free fuel. For developers, it is key to emphasize the stability of pricing to tenants, as they will find comfort in the fact that prices will not drastically increase over time.
Increased Solar Social Awareness
Another reason that there has been such a strong shift toward renewable energy is because of increased social awareness. The public is putting a stronger emphasis on clean energy due to the positive effects it has on the environment. From a decrease in global warming to improved public health, it’s hard to ignore the benefits. Corporations, both large and small, want to maintain a strong social presence. As developers, we at Intersect Energy believe it is important to stress these benefits to both new and existing tenants as they will want consumers to see them as environmentally conscious.
The Industry Leaders are Switching to Solar
With companies such as Facebook, Microsoft, Apple and General Motors shifting toward renewable energy in recent years, it’s exciting to see large companies looking toward the future. For many years, consumers thought renewable energy was just a trend, but these companies are proving that green energy is the future. Each year new companies are added to the corporate energy renewable contracts list. So far in 2018, as stated by The Business Renewables Center, companies such as Adobe, Etsy and Nestle have invested in renewable energy. To put things in perspective of just how much growth we’ve seen so far this year, there were 31 corporate renewable energy deals in 2017. So far in 2018, there have been 46 public transactions. These numbers suggest that renewable energy is more than just a trend!
All of Intersect Energy’s projects are completed with the highest quality materials and experienced team of partners to provide the best workmanship and maximize the economic benefits to our clients. Contact the team at Intersect Energy so we can help your firm save money while acquiring and retaining tenants!