Made in NY: What Will It Take for Corporates to Buy NY Renewables?

Made in NY: What Will It Take for Corporates to Buy NY Renewables?

--ACE NY at Climate Week NYC

Corporate voluntary purchasing of wind and solar power has been so hot in 2018; it seems a new deal is announced weekly. Bloomberg New Energy Finance reported a record-breaking 7.2 GW of global renewable energy purchasing so far in 2018, already well above 2017 levels.

But why isn’t it happening in New York?

Buying renewable energy through long-term power purchasing agreements is motivated by corporate sustainability goals, matched by the potential for long-term savings. The RE100 – a growing list of 140 companies striving to offset 100% of their energy needs through these agreements – reflects this marriage of eco-commitments and savings opportunities. And it is the U.S. and Nordic countries where corporate renewables buying is most active.

On September 26th, ACE NY will host a breakfast panel discussion at Climate Week NYC to explore what is limiting this market in New York. Why aren’t New York companies clamoring to buy Made in NY renewables? What are the barriers that exist here and not in Texas or the Midwest?

Panelists will each discuss their perspective – as seller, buyer, or deal-maker – regarding what the barriers are in NY and what solutions could be pursued. Our esteemed panelists are:

  • Sarah Zeminick, Sustainability Director for Cornell University
  • Harry Singh of Goldman, Sachs & Co.
  • Emily Williams of Edison Energy
  • Lindsay Smith of Geronimo Energy

Come join us during Climate Week NYC!

 RSVP for entry, speakers, and location information.

 

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