A spate of recent announcements, many with novel structures, show that a wider diversity of contract types coupled with falling prices have helped corporate procurement become a key driver of the solar market's growth.Colin Smith, a senior solar analyst at Wood Mackenzie Power & Renewables, offered a wry take on the synthesis between smart business and the do-gooder image companies are scrambling to take advantage of. “There are still people that think corporate procurement of large solar plants is solely driven by a desire to save the environment, or be more sustainable, without really considering cost savings,” said Smith. “Groups like Facebook and Target aren’t doing this out of the goodness of their heart. … In aggregate, they’re saving millions of dollars by signing these long-term procurement contracts.”
One wind turbine can produce enough electricity to power up to 300 homes.