Environment & Energy Report

It’s Not Just Facebook and Google Buying Clean Power Anymore

Nov. 1, 2018, 3:07 PM

Companies don’t have to be as big as Walmart Inc. or Facebook Inc. to buy solar or wind power anymore.

Businesses with more modest appetites for electricity—including Swiss Re AG, Nestle SA and others—are increasingly banding together to line up deals for clean power, broadening a market long dominated by tech giants, according to a Nov. 1 report by Bloomberg NEF.

The strategy is enabling more companies to buy wind and solar power at prices similar to those paid by some of the biggest corporate users of renewable energy. It’s also boosting demand for renewables as concerns about climate change...

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