Over half of renewable energy projects in EU financed by US companies
Dan Diehl
Over half of all renewable energy projects in the EU were financed by US companies. Companies such as Google and Amazon are purchasing power produced by solar and wind to offset their carbon emissions and save money. Google sourced all its energy needs globally from renewable sources starting in 2017 and Amazon and Facebook are looking to do the same soon. Purchasing solar and wind energy allows these companies to pay a lower price for electricity since these sources of power are cheaper than existing power sources and allows them to tout their green energy credentials.
The green energy revolution is fully underway not because of government subsidies, but because it makes dollars and cents.