12 companies have signed the Renewable Energy Buyers’ Principles to better communicate their purchasing needs and expectations to the marketplace. The companies – Bloomberg, Facebook, General Motors, Hewlett-Packard, Intel, Johnson & Johnson, Mars, Novelis, Procter and Gamble, REI, Sprint, and Walmart – hope the principles will open up new opportunities for collaboration with utilities and energy suppliers to increase their ability to buy renewable energy sharing a combined renewable energy target of 8.4 million MWh per year through 2020.
The 12 participating companies are seeking a market shift to achieve their sustainable energy goals.
The Buyers’ Principles outline six criteria that would significantly help companies meet their ambitious purchasing goals:
1. Greater choice in procurement options;
2. More access to cost-competitive options;
3. Longer- and variable-term contracts;
4. Access to new projects that reduce emissions beyond business as usual;
5. Streamlined third-party financing; and
6. Increased purchasing options with utilities.
More information can be found here