European companies secure record amounts of wind power [Reuters]
Alcoa Corporation (AA)
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Source: Reuters
European companies secure record amounts of wind power | Reuters 3 Min Read COPENHAGEN (Reuters) - European companies bought a record amount of wind power capacity last year, as energy-hungry businesses like aluminum producers and IT giants look for greener ways to drive their machinery and data centers. As wind power becomes competitive on price with conventional energy in many countries, big companies have rushed to secure renewable energy to manage costs and reduce their carbon emissions, while boosting their image with customers. New wind deals through so-called corporate power purchase agreements (PPAs) were signed in Europe last year for 1.5 gigawatts (GW) of capacity, up from 1.3 GW in 2017, according to new data from industry body WindEurope. Some companies have turned their support for wind power into a marketing opportunity, with the world’s top brewer AB InBev running an advert during American Football’s Super Bowl to say its Budweiser beer is made by using 100 percent rene
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