BNEF’s bullish outlook for corporate clean energy procurement
Corporate clean energy procurement continues to set new watermarks. In 2020, companies announced a record 25 GW of clean energy PPAs throughout the world, marking the fifth consecutive year of growth. As part of the pv magazine UP Initiative’s quarterly focus on sustainable electricity, Kyle Harrison, head of sustainability research at BloombergNEF, addresses key questions about the long-term outlook for corporate procurement.
Through May, the corporate clean energy procurement market is on track for another record year in 2021. Companies have announced 8.3 GW of clean energy power purchase agreements (PPAs), up from 5.2 GW at the same point last year. Despite the growth, considerable skepticism remains that the corporate clean energy procurement market isn’t sustainable over …
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