Schneider Electric Expands Renewable Energy Efforts

Global energy management company Schneider Electric has joined the Corporate Renewable Energy Buyers’ Principles, an initiative of 76 companies seeking to spur progress on renewable energy and achieve their sustainable energy goals.

With this agreement, Schneider Electric further advances its progress toward its sustainability goals. The company has previously committed to sourcing 100% renewable electricity by 2030.

“As the megatrends of urbanization, industrialization and digitization continue to increase energy demand, we must move towards a more sustainable, efficient future,” says Kevin Self, senior vice president of strategy, business development and government relations for Schneider Electric. “The Corporate Renewable Energy Buyers’ Principles initiative provides companies with the support and opportunities needed to help businesses achieve their renewable energy goals. We very much look forward to our continued work with this initiative to enable our company and others to contribute to the creation of a greener, healthier world.”

As part of the initiative, companies, including Schneider Electric, are seeking the following from the marketplace:

• Greater choice in options to procure renewable energy;
• Cost-competitiveness between traditional and renewable energy rates;
• Access to longer-term, fixed-price renewable energy;
• Access to projects that are new or help drive new projects to reduce energy emissions beyond business-as-usual;
• Increased access to third-party financing vehicles, as well as standardized and simplified processes, contracts and financing for renewable energy projects; and
• Opportunities to work with utilities and regulators to expand choices for buying renewable energy.

The Corporate Renewable Energy Buyers’ Principles is facilitated by World Wildlife Fund and supported by World Resources Institute.