Chemicals industry looking to source more renewable energy
The European Chemical Industry Council (Cefic) today signed a Memorandum of Understanding (MoU) to collaborate on the RE-Source Platform.
The RE-Source Platform, founded by SolarPower Europe, WindEurope, The Climate Group and CDP (RE100) and WBCSD, is a European alliance of stakeholders representing clean energy buyers and suppliers for corporate renewable energy sourcing. The platform pools resources and coordinates activities to promote a better policy framework for corporate renewable energy sourcing at EU and national level, whilst raising awareness and facilitating business opportunities.
Marco Mensink, Cefic Director General said: “Industry will need massive amounts of renewable energy in the future. Corporate sourcing of renewable electricity can offer an attractive solution for chemical companies to secure clean and affordable energy with a longer time horizon. We look forward to working with the RE-Source platform to ensure the European chemical industry does not miss this key opportunity.”
Giles Dickson, WindEurope CEO said: “Corporate renewable PPAs all started with the ICT sector sourcing renewables for their data centres. Now energy-intensive manufacturing sectors such as chemicals are signing them too. The RE-Source Platform aims to help spread the PPA model throughout Europe so that more industrial consumers can benefit from it. Having Cefic onboard will pave the way for more PPA deals in the chemicals sector, providing them with the clean, reliable and cheap power that renewables provide”.
James Watson, CEO of SolarPower Europe said “The signing of this MoU proves the awareness that is growing in energy intensive industries of the benefits of utilising renewables to meet their electricity demands. Cefic are an early mover and we are very pleased to see the European chemical industry support this important initiative to promote renewable energy through onsite generation and power purchasing agreements. We hope that more sectors will seize this opportunity and take the initiative to join the RE-Source platform and drive the uptake of renewable energy”.
Note to Editors:
SolarPower Europe, WindEurope, The Climate Group and CDP (RE100) and WBCSD established the RE-Source Platform to drive the uptake of PPAs and renewable energy investments. This is the first multi-stakeholder alliance in Europe bringing together the interests of clean energy investors, buyers and suppliers. This Platform pools resources and coordinates activities to promote a better framework for corporate renewable energy sourcing at EU and national level. The RE-Source Platform also organises an annual RE-Source Event – the largest and most influential corporate sourcing event in Europe.
The RE-Source Event brings together all the major players in the PPA industry – from buyers to sellers to policymakers and more. The next edition will take place on 20-21 November 2018 at the Hotel Okura in Amsterdam.
Cefic, the European Chemical Industry Council, founded in 1972, is the voice of large, medium and small chemical companies in Europe, which provide 1.2 million jobs and account for 17% of world chemicals production