Supporting the corporate renewable electricity market
Corporate clean electricity purchases are finally taking off in many European markets, thanks to a number of renewable energy law reforms. Spain and Italy in particular are seeing growing numbers of transactions. However, is enough being done to support the corporate market? Hannah Hunt, impact director at RE-Source – a European alliance of stakeholders representing clean energy buyers and suppliers – looks at the forces driving change and asks which policy and regulatory reforms are critical to unlocking European corporate sourcing potential.
Corporate demand for renewable electricity in Europe is growing rapidly from an already sizable base. RE100 companies committed to 100% renewable electricity now have a combined demand greater than that of the United Kingdom or Italy. And data shows corporate power purchase agreement (PPA) announcements have increased eightfold from just 0.5 GW in 2014 to …
Advertisement
Advertisement
Advertisement
Advertisement