A renewable energy mutual fund? Starbucks charts new path with 146 MW procurement

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Starbucks is going all in on renewables. The coffee giant announced this week they are building a new portfolio of 146 MW of wind and solar projects expected to come online by 2021 and serve more than 3,000 of its U.S. locations. Starbucks now directly sources renewable energy from North Carolina, Washington, Texas and Illinois, which powers 1,400 stores across the country, The portfolio allows the company, with a very distributed load given the locations of their stores, to procure power in the communities they are operating in, a strategy that is likely to be increasingly modeled by other companies catering to the same demographic.

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