WRI: Calif. Companies Announce Buyers' Group for Renewable Power
March 12, 2008 // Published as a news service by IHS
According to the World Resources Institute (WRI), 14 of California's most prominent energy buyers formed the Green Power Group - California Affiliates, a partnership promoting "green" power in California.
Advanced Micro Devices, Apple, BT Americas, Cisco Systems, eBay, Google, HP, Intel, Intuit, Levi Strauss, News Corporation, Pactiv Corporation, Patagonia and Wal-Mart will be sharing best practices for purchasing and developing new sources of renewable energy.
The partnership will help the companies meet environmental goals, reduce exposure to volatile electricity prices and support new, clean technologies.
The Green Power Group - California Affiliates is the third commercial and industrial partnership convened by WRI.
The first two partnerships - the U.S. Green Power Market Development Group and the European Green Power Market Development Group - have facilitated the development of more than 600 megawatts (MW) of renewable energy through on-site projects and green power purchases.
Experts said the California Affiliates will build on this experience to bring corporate renewable energy purchasing to significant scale in California.
"The commercial and industrial sectors can play a critical role in supporting renewable energy and energy efficiency technologies," said Alexander Perera, director of WRI's Green Power Market Development Group. "By working together, these companies hope to see improved green power purchasing opportunities in the state."
Source: World Resources Institute (WRI).