SEIA Reports On U.S. Corporate Solar Energy Investments

The latest annual Solar Means Business data from Solar Energy Industries Association shows investment has grown 20-fold over last decade.


https://facilityexecutive.com/2020/10/seia-reports-on-u-s-corporate-solar-investments/
The latest annual Solar Means Business data from Solar Energy Industries Association shows investment has grown 20-fold over last decade.
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SEIA Reports On U.S. Corporate Solar Investments

The latest annual Solar Means Business data from Solar Energy Industries Association shows investment has grown 20-fold over last decade.

SEIA Reports On U.S. Corporate Solar Energy Investments

Tech giants, major retailers and other corporate leaders are making significant investments in clean energy and installed over 1,280 megawatts (MW) of new commercial solar capacity in the United States in 2019, the second largest year on record according to the eighth Solar Means Business report. The annual report, released in early October 2020 by the Solar Energy Industries Association (SEIA), tracks both on-site and off-site installations and highlights the strong appeal of cost-saving solar energy for American businesses.

Apple and Amazon remained in first and second place when it comes to the top corporate solar users, followed by Walmart, which installed the most solar in 2019 and increased its solar use by 35%. This year was also the largest year yet for on-site commercial solar installations with 845 MW installed.

solar energy
(Photo: Getty Images)

Apple, which has the most off-site solar installed through 2019, now has nearly 400 MW of solar capacity in its portfolio and has recently committed to make its supply chain and products 100% carbon neutral by 2030.

“The choice between a healthy planet and good business strategy has always been a false one, and we’ve proved that with a company that runs on 100% clean energy and a supply chain transitioning to do the same,” said Lisa Jackson, Apple’s vice president of environment, policy and social initiatives. “Solar power has been part of our environmental journey for more than a decade, and we’re grateful to the SEIA for this recognition of the strides we’ve made, and the strides of two of our suppliers also in the SEIA top 25. Together, we’ll reach our goal of making all our products with a net zero climate impact by 2030, and hopefully, inspire others to act urgently in defense of our planet and future generations.”

This latest Solar Means Business report tracks over 8,350 MW of commercial solar capacity across more than 38,000 systems. Combined, the systems generate enough electricity each year to power 1.6 million homes and offset 8.9 million metric tons of CO2 annually. (For perspective, each week more than 7.2 million people, or 2.2% of the U.S. population, shop at a Walmart store with a solar installation.)

“Our growth in solar use reflects our ongoing and longstanding commitment to climate action, including getting to 100% renewable energy globally by 2035,” said Kathleen McLaughlin, chief sustainability officer for Walmart Inc. “Reducing greenhouse gas emissions and avoiding the worst effects of climate change will take sustained, collective action. It’s terrific to see so many companies growing their solar use and taking steps towards a renewable future.”

solar energy
Image: Solar Energy Industries Association (SEIA)

Corporations continue to procure off-site solar to power their operations and meet their ambitious clean energy goals. Over the next few years, an additional 5 GW of corporate off-site solar projects are slated to come online, which will more than double the total amount of off-site corporate solar.

“As a signatory to The Climate Pledge, we’re committed to meeting the goals of the Paris Agreement 10 years early and reaching net zero carbon across Amazon by 2040,” said Chris Roe, energy and sustainable operations lead at Amazon. “As part of this commitment, we are well on our way to power Amazon operations using 100% renewable energy by 2025, with over 90 wind and solar projects across the globe.”

Facebook, one of the top buyers of off-site solar is making its first appearance in the top 10, moving from 27th to 9th on the top corporate solar users list. Target, the company with the most solar capacity installed at its facilities, finished 2019 with a total of 283 MW of solar capacity. The company now has more than 500 solar projects in its portfolio.

solar energy
Image: Solar Energy Industries Association (SEIA)

Companies are also increasing thei clean energy commitments. Several corporations on this list recently announced more aggressive clean energy goals, including Google, which is ranked 5th and now plans to run its data centers and corporate campuses on 100% carbon-free power by 2030. Walmart also announced that it plans to power its facilities globally with 100% renewable energy by 2035 and is targeting zero emissions across its global operations by 2040.

Other companies on the list, including Amazon, Microsoft, and Solvay have recently announced new initiatives and investments to lower emissions and green their operations.

“We are honored to be recognized again by SEIA for our commitment to increasing solar power in our operations,” said Pascal Chalvon Demersay, Solvay’s chief sustainability & energy officer. “Solar power plays a key role in our Solvay One Planet initiative, which aims to reduce our emissions by 26% by 2030. We’ll continue developing solar projects to help enable the energy transition, particularly in the US.”

Others, like Prologis, have specific goals for rooftop solar and Switch and Walmart are beginning to use energy storage.

“This acknowledgement further cements Switch’s position as a leader in sustainability, which tremendously benefits our customers, the communities where we operate and our planet,” said Switch EVP of Strategy Adam Kramer. “Switch continues to lead the challenge to expand solar by recently breaking ground on critical projects like Rob Roy’s Gigawatt Nevada, which will generate a Gigawatt of solar combined with battery storage, providing clean energy solutions far into the future.”

“As the world’s largest owner and operator of logistics real estate, Prologis is committed to minimizing our environmental impacts, and every solar panel installed helps us get closer in the transition to clean energy,” said Jared Friedman, Prologis, vice president of global energy. “Rooftop solar is a vital component of Prologis’ growing portfolio of customer-focused renewable energy solutions, and we are proud to be honored by SEIA as we work toward our goal of doubling our on-site generating capacity to 400 megawatts by 2025.”

To learn more about or to download SEIA’s eighth annual “Solar Means Business” report, visit this link.

The top 25 corporate solar users includes:
1. Apple
2. Amazon
3. Walmart
4. Target
5. Google
6. Kaiser Permanente
7. Switch
8. Prologis
9. Facebook
10. Solvay
11. Fifth Third Bank
12. Microsoft
13. Brookfield Properties Retail
14. IKEA
15. Macys
16. Kohls
17. Costco Wholesale
18. Corning
19. Starbucks
20. Paypal
21. Home Depot
22. Hartz Mountain
23. Lockheed Martin
24. Digital Realty
25. ALDI

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