Who’s Purchasing Renewable Energy in Texas?

While Texas isn’t the leader in renewable energy on a percentage or per capita basis, it has the largest installed base of wind power and one of the top installed bases of solar power in the United States.

Most often, the investments made in renewable power generation are made backed by a “power purchase agreement“ or PPA. These agreements are contracts through which a corporate “offtaker” commits to purchase the renewable energy in order to gain access to the cleaner, more affordable power they need for their business operations. This brings more clean energy into the market faster and benefits all consumers.

The availability of this affordable power makes Texas more attractive for commercial and industrial investments, and many states use access to renewables as an economic development tool to recruit investment. Additionally, the construction of these wind and solar facilities in rural communities has become the primary addition to those local tax bases which fund schools and local governments. Rural communities often have a limited tax revenue because so much of their local property is exempted from the ad valorem tax base due to agricultural use.

The Advanced Power Alliance applauds the leading global companies making commitments to – and investments in – Texas renewable energy. Here’s an incomplete list of some of the major companies with announced renewable energy commitments in the Lone Star State.

  • 3M
  • AB InBev
  • Akamai Technologies
  • Amazon
  • Apple
  • Applied Materials
  • AT&T
  • Baker Hughes
  • Ball Corporation
  • Bank of America
  • BASF Corp.
  • Best Buy
  • Bloomberg
  • Bristol Myers Squibb
  • Charles River
  • Cisco
  • Citi
  • Clorox
  • Crown Holdings
  • CyrusOne
  • Danone
  • DaVita
  • Digital Realty
  • Dow Chemical
  • DSM
  • eBay
  • Ecolab
  • Energy Transfer
  • Equinix
  • ExxonMobil
  • General Mills
  • General Motors
  • Gerdau
  • Google
  • Grupo Bimbo
  • Henkel AG & Co. KGaA
  • The Hershey Company
  • Honda
  • HPE
  • IKEA
  • Intuit
  • Iron Mountain
  • Johnson & Johnson
  • JPMorgan
  • Kellogg’s
  • L3Harris Technologies Inc.
  • Lowe’s
  • Lululemon
  • Lyondell Bassell
  • Mars
  • McDonald’s
  • Microsoft
  • Mondelez
  • Nestle
  • Nike
  • Novartis
  • Nucor Corp
  • Occidental
  • Owens Corning
  • Philips
  • PepsiCo
  • Procter & Gamble
  • QTS
  • Salesforce
  • Sprint
  • Starbucks
  • Synopsys
  • Sysco
  • T-Mobile
  • Target
  • The Home Depot
  • Trane
  • Uber
  • Verizon
  • Walmart
  • Wells Fargo