SEIA Report: US Corporate Solar Investments Surge

by | Jul 26, 2019

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SEIA Report: US Corporate Solar Investments Surge

(Photo: Rooftop solar on one of Amazon’s fulfillment facilities. Credit: Amazon)

Corporate solar investments in the United States are surging, according to a new report from the Solar Energy Industries Association (SEIA). The top 10 corporate solar users include Apple, Amazon, Target, and Walmart.

Published this week, the SEIA’s Solar Means Business 2018 report includes data from onsite and offsite installations, tracking more than 7,000 MW of installed solar capacity across 35,000 projects. These are up from the previous report, for 2017, which tracked 2,500 MW and 7,000 projects.

“Top companies are increasingly investing in clean, reliable solar energy because it makes economic sense,” said Abigail Ross Hopper, SEIA president and CEO. “When global brands go solar, the rest of the world takes note, and this report puts the power of corporate solar investment on full display.”

The top 10 companies based on installed solar capacity in megawatts (MW):

  1. Apple: 393.3
  2. Amazon: 329.8
  3. Target: 242.4
  4. Walmart: 208.9
  5. Switch: 179.0
  6. Google: 142.9
  7. Kaiser Permanente: 140.0
  8. Prologis: 126.3
  9. Solvay: 81.4
  10. Fifth Third Bank: 80.0

“Falling prices and more flexible financing and procurement structures have led to rapid growth in corporate solar adoption, with more than half of all corporate solar capacity in the US installed since 2016,” according to SEIA. “Today, the 7,000 MW of installed commercial solar generates 10.7 million MWh of electricity annually.”

Amazon reported on Thursday that the company reached its goal to host 50 solar systems on fulfillment and sortation center rooftops globally ahead of schedule. Initially Amazon had aimed to reach the milestone by 2020. In the United States, Amazon has 32 rooftop systems.

“The onsite solar systems reduce Amazon’s reliance on fossil fuels, and can generate as much as 80% of a single fulfillment facility’s annual energy needs,” the e-commerce giant said.

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