The global expansion of clean energy access
Once a U.S.-centric phenomenon, corporations are now able to purchase clean energy at cost-competitive rates and at a large scale in most markets around the world. Power markets are being amended to allow for power purchase agreements, while alternative mechanisms like certificates and retail programs are near-universal. As part of pv magazine’s UP Initiative quarterly theme on sustainable electricity supply, Kyle Harrison, head of sustainability research at BloombergNEF, discusses the growth in corporate clean energy procurement globally.
When BloombergNEF (BNEF) began covering corporate clean energy procurement, most of the activity was taking place in the United States. At the time, private sector players were just beginning to explore clean energy buying at scale. Many were joining initiatives like the RE100, and pledging to offset 100% of their electricity consumption with clean energy. …
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