are looking to help develop a $9-billion pipeline of renewable energy projects across the country, the project lead told Reuters.
“The CCIC’s reason for being is to accelerate corporate-led renewable energy financing with real tangible benefits to local communities,” O’Callaghan said, adding it was expected to help build-out around 5 gigawatts of renewable power over five years. While falling costs made renewables attractive, the CCIC would help accelerate the roll-out as many companies need to meet environmental targets and will want to access Renewable Energy Certificates attached to the projects.
“It’s just about the pace of build out. Renewable energy... will continue to expand without corporations. With corporations, the pace becomes exponential,” O’Callaghan said, adding the company investment would help attract other investment dollars.