The Green Power Market Development Group (GPMDG) invites participation from corporate energy buyers, financiers, and policy makers to transform energy markets by:
- Demonstrating self-sustaining business models for corporate buyers to access reliable and renewable energy in developing countries at scale.
- Fostering a network of companies, financiers, policy makers and other private sector market facilitators that can rapidly scale renewable energy demand and financing supply for these markets.
- Sharing knowledge of best practices on renewable energy procurement, financing models, and policy approaches to foster renewable energy business models.
- Developing new enabling financing models and standardized power purchase agreement templates that allow renewable energy transactions to get to scale.
The Green Power Market Development Group was originally convened in 2000 in the US as a commercial/industrial partnership, and its members included Alcoa Inc., Delphi Corporation, The Dow Chemical Company, DuPont, FedEx Kinko’s, General Motors, IBM, Interface, Johnson & Johnson, NatureWorks LLC, Pitney Bowes, Staples, and Starbucks. The group was convened to transform energy markets to help corporate consumers diversify their energy portfolios with cost-competitive green power. The Green Power Market Development Group – US developed 1,000 MW of new, green power by 2010.
Following this success, in 2005, WRI and The Climate Group convened the Green Power Market Development Group- EU. Group partners included some of Europe’s largest energy users from a variety of sectors such as British Telecom, Holcim, IKEA, Michelin, Tetra Pak, and the European operations of The Dow Chemical Company, DuPont, General Motors, IBM, Interface, Johnson & Johnson, Nike (CSC), and Staples.