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.
In 2020, corporate renewables purchases hit a record 23.7 GW. Much of this growth has been led by a non-profit global initiative, RE100, which is headed by the Climate Group and the Carbon Disclosure Project (CDP). Launched in 2014, 316 companies from more than 175 markets have now committed to buying 100% renewable electricity. As part of the UP Initiative, pv magazine spoke to Mariana Daykova, senior manager of renewable energy at CDP and its interim RE100 lead, about the progress that has been made and what’s in the cards going forward.
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