Corporates’ critical solar role
Despite the global pandemic and recession, corporate purchases of clean energy are booming. Several factors are driving this trend, including falling costs, heightened appetite for sustainability among consumers and investors, and increased political will for net-zero development. In recognition of this, the UP Initiative will spend the third quarter investigating sustainable electricity supply. How are PPA models evolving? What are the critical issues around residual energy? And how can greenwashing be avoided? pv magazine investigates.
The market for corporate clean energy purchases – primarily solar and wind – skyrocketed to a record 23.7 GW in 2020, according to BloombergNEF (BNEF). Development over the past year has been particularly impressive, given the effects of the Covid-19 pandemic and ensuing recessions. This underlines the increased appetite for sustainability in the business, consumer, …
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