The Next Big Renewable Fuel? Accountants

[CK_John]

What's the most important innovation behind the rise of renewable energy: Taller wind turbines? Smart power grids? Spray-on solar cells?

None of the above. For all the advances made by engineers that cut the cost of solar modules and new wind generation by more than half in five years, the true heroes of the renewables revolution may be a group that's rarely recognized: accountants.

To see why, consider the headlong growth of corporate power-purchase agreements -- contracts where major consumers strike deals with generators to buy a fixed quantity of electricity over a decade or so.

From humble beginnings around 2008, when the likes of Alphabet Inc., Apple Inc. and Facebook Inc. starting taking out PPAs to power their vast data centers, these agreements grew by leaps and bounds. In the latest, between Anheuser-Busch InBev NV and Enel SpA last week, a wind farm in Oklahoma will supply half of the brewer's U.S. electricity demand, sufficient to produce 20 billion beers a year.

Read More:
https://www.bloomberg.com/gadfly/articles/2017-09-17/the-next-big-renewable-fuel-accountants

[underpants]

1. Hey!

I have an accounting degree!!!

[CK_John]

2. Do you have a gig or a job?

[underpants]

3. Yes!