Bloomberg's Path to 100% Renewable Energy

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Bloomberg's Path to 100% Renewable Energy

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Signed and completed projects have an NPV of more than $8 million.

Friday, June 2, 2017 - 9:15am

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​Bloomberg has been pursuing renewable energy projects since 2009, with our first installation in New Jersey in 2012. Since then, we have completed four more projects, including an on-site roof- mount array at our New Jersey data center in early 2016, and continue to aggressively pursue opportunities where they make sense — economically, operationally and environmentally.

In 2013, Bloomberg set a goal to source 35% of its electricity from renewables by 2020. To help us meet this goal, in 2014, Bloomberg signed the Corporate Renewable Energy Buyers’ Principles with the Renewable Energy Buyers Alliance. These principles were developed by a group of large energy buyers to spur progress on renewable energy and to add their perspective to the future of the U.S. energy and electricity system. Bloomberg also joined the Business Renewables Center (BRC), a member-based platform that streamlines and accelerates corporate purchasing of off-site, large-scale wind and solar energy. In 2016, Bloomberg expanded its commitment to renewable energy by joining RE100 and committed to using 100% clean energy by 2025.

To date, our completed solar projects have generated more than 15,000 megawatt hours and saved Bloomberg more than $1 million. 

To read Bloomberg's 2016 Impact Report, click here.

Keywords: Research, Reports & Publications | Affordable and Clean Energy | Bloomberg | Energy | Environment | Renewable Energy | Responsible Business & Employee Engagement | Sustainability | Sustainable Development Goals | impact report

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