RTI Weekly: Subscribe for the Latest News on Renewable Energy Transactions and Commitments

Today LevelTen Energy launched RTI Weekly, an email newsletter covering the latest Renewable Transaction Infrastructure (RTI) news. Subscribe here to receive top stories related to renewable energy development, power purchase agreements, and corporate sustainability commitments each week.

Renewable Energy News

REBA Urges Corporations to Sign Letters to Halt Texas Legislation

Several bills designed to halt the renewable energy industry have been introduced in Texas, and the significant potential market risk has prompted the Renewable Energy Buyers Alliance (REBA) to engage with the Advanced Power Alliance (APA) and others to mobilize the customer voice to stop these bills. There are two letters of business to consider signing early next week; contact James Hewett at DGA and Jeff Clark at APA, or attend APA's webinar on April 12 for details. (REBA/APA)

Globe Shatters Renewable Energy Additions Record in 2020

Despite the economic challenges presented by the COVID-19 pandemic, the world added more than 260 GW of renewable energy in 2020; nearly 150% of 2019's clean energy additions. (irena.org)

U.S. Local Governments Set New Record for Clean Energy Procurement

95 local governments across the United States procured a record 3,683 MW of renewable energy capacity in 2020, representing a 23% increase from 2019. (Smart Cities Dive)

The Role of Corporate Renewable Power Purchase Agreements in Supporting US Wind and Solar Deployment

A new report from Columbia's Center on Global Energy Policy estimates that the corporate renewables PPA market could drive between 218 and 296 TWh of demand, equating to 55-85 GW of incremental solar and wind capacity additions in the United States through 2030. (Columbia.edu)

British Decarbonization Goals Fuel Rapid Growth in Renewables Sector

British regulations requiring the nation to reach net-zero GHG emissions by 2050 have spurred dramatic growth in the renewables sector, with much of the expansion coming from corporate investments. (Business Insider)

PPA Signings

Daimler and Statkraft Sign Renewable PPA

German automotive giant Daimler has entered into a PPA with Norwegian utility Statkraft to power their offices and manufacturing facilities with wind, solar, and hydro power 24/7. (Recharge)

OVO and Ørsted Enter Offshore Wind PPA

OVO Energy has entered into a PPA with Ørsted to purchase 100% of the power generated by the 90 MW Barrow Offshore Wind Farm. (Current-News)

Wells Fargo and Duke Energy Sign North Carolina Solar PPA

Wells Fargo has signed an agreement under Duke Energy's Green Source Advantage (GSA) program for 58 MW of solar energy from the Blackburn Solar Project. (Solar Builder Mag

BluEarth and Shell Enter Alberta Wind PPA

BluEarth Renewables has signed a PPA with Shell Energy North America to buy clean energy from the 130 MW Hand Hills Wind Project in southern Alberta. (BluEarth Renewables)

Black Hills Energy Signs 15-Year Colorado Solar PPA

Black Hills Energy has entered into a PPA with solar developer 174 Global Power to buy all of the power generated by the 200 MW Turkey Creek solar facility in Colorado. (PV Magazine)

SNCF and EDF Renouvelables Sign 20-Year Solar PPA

SNCF Energie, a subsidiary of French railway operator SNCF, has entered into a 20-year PPA with the renewable energy arm of French utility EDF for 25 GWh of solar power annually. (PV Magazine

Recent Sustainability Commitments

California Cement Industry Announces Carbon Neutrality Goals

The California Nevada Cement Association has announced it plans to attain carbon neutrality by 2045 through a combination of lower-carbon cement, carbon capture technologies, and investments in low-emissions fuels and renewable energy. (PR Newswire)

Aluminum Producer Novelis Sets Net-Zero Goals

Atlanta-based aluminum producer Novelis has announced plans to attain net-carbon neutrality by 2050, with the interim goal of reducing its carbon footprint 30% by 2026. (Smart Energy Decisions)

Major U.S. Airlines Commit to Carbon Neutrality

Airlines for America (A4A), a trade organization representing major U.S. airlines including United, Delta, Southwest, American, and JetBlue, has announced it is aiming to achieve net-zero carbon emissions by 2050. (airlines.org)

Italian Coffee Giant Lavazza Presents Carbon Neutrality Plans

Lavazza Group has announced its "Roadmap to Zero" plan, pledging to offset all emissions associated with its supply chain by 2030. (worldcoffeeportal.com)

UPenn Announces Endowment Decarbonization Goals

The University of Pennsylvania has announced plans to reduce the greenhouse gas emissions associated with the investments comprising its endowment to net-zero by 2050. (upenn.edu)

UNC Asheville Sets 2050 Carbon Neutrality Goal

The University of North Carolina at Asheville has announced plans to become carbon neutral by 2050. (Citizen Times)

That's our week in review! Thank you for reading, and please subscribe to this newsletter to make sure you're always in the know on the latest renewable transaction infrastructure news.
LevelTen Energy

LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 pricing offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition

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