Salesforce to purchase 280GWh of renewable energy certificates in emerging markets

Facebook
Twitter
LinkedIn
Reddit
Email
A mini-grid developed and operated by Hamara Grid that serves a community in Nagaland, eastern India. Image: Hamara Grid.

Cloud-based software company Salesforce has committed to purchasing 280,000MWh of renewable energy certificates in emerging markets.

The purchase will unlock up to US$65 million of investments in new solar capacity across the globe over the next eight years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The company contracted with Powertrust, an aggregator of renewables across the globe, and will leverage distributed renewable energy certificates (D-RECs), which enables organisations to accelerate the deployment of capital for small-scale, distributed renewable projects.

With the purchase of D-RECs, the company will focus on procuring a project in Brazil that aims to replace old diesel generators with a solar-powered microgrid for a remote community along the Amazon River, a solar-powered microgrid in eastern India, a solar-plus-storage installation at a hospital in Sub-Saharan Africa and a solar microgrid in the Borneo region of Malaysia.

Megan Lorenzen, lead power sector decarbonisation at Salesforce, said: “Small, decentralised renewable energy projects can, in many cases, deliver greater impact than large utility-scale facilities. Especially in regions where energy access is limited, these projects can positively transform lives and communities around the globe.”

During COP27 several announcements around financing for emerging markets were made, among them the European Investment Bank and AllianzGI mobilised US$100 million for the development, construction and operation of renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia, while the Energy Transition Accelerator Financing Platform added three new partners to its energy transition fund for emerging economies last November.

Moreover, Salesforce joined nine other companies – among them tech giants Amazon and Meta – in launching the Emission First initiative, which calls for accounting standards to shift to allow corporate procurements to look beyond markets in North America and Europe with a focus on decarbonising regions in more need.

Read Next

October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 6, 2025
Indian infrastructure company focused on rooftop and ground-based solar power installations, PVV Infra has secured solar power orders worth INR7.9 billion (US$90 million) through two of its subsidiaries. 
October 6, 2025
Indian solar developer ACME Group has established a new subsidiary to manage its renewable equipment manufacturing business, under which it is planning to scale production of TOPCon PV modules.
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.
October 2, 2025
The Indian solar industry has 86GW and 182GW of solar cell and module manufacturing capacity, respectively, expected to be commissioned by 2027.
October 2, 2025
The Indian Department of Commerce has launched an antidumping investigation on solar encapsulants originating or exported from South Korea, Vietnam and Thailand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland