Renewable Energy Options

The Corporate Renewable Energy Index found that 35 companies reported using 100 percent renewable energy to cover all their power usage.

A growing number of businesses are beginning to use renewable energy sources exclusively, according to a new report from Bloomberg New Energy Finance (BNEF) and Vestas.

The 2012 Corporate Renewable Energy Index “ranked 300 global companies based on their voluntary sourcing of renewable energy, and the reasons why they do it.”

Researchers found that nearly one third of respondents reported using less than 5 percent renewable energy, but 35 companies said they used 100 percent renewable energy to cover all their power usage.

Though the companies ranged from financial to telecommunication, the most common form of on-site renewable energy was hydroelectric power at 47%. The second highest was wind power at 29%.

“Global investment in new renewable capacity outpaced that of fossil fuel generation in 2011, with $257 billion invested in renewables compared with $223 billion for additional fossil fuel generation,” wrote the authors.

Source: Clean Technica