Corporate sourcing
of solar power

Corporate sourcing of solar and renewables is a growing phenomenon. In 2017 more than 1 GW of corporate renewable Power Purchase Agreements (PPAs) were signed in Europe.

Globally, more than 100 corporations have committed to procure 100% renewable electricity to power their operations, together accounting for 150 TWh of yearly consumption.

Several deals have been signed in Europe in recent years, providing major corporate buyers with reliable and competitively-priced power, but the potential for more is huge.

PPAs are currently concentrated in Norway, Sweden, the Netherlands, the UK and Ireland. Expanding this potential will require clarifying the legal framework for PPAs and empowering renewable electricity generators to make use of Guarantees of Origin.

SolarPower Europe works to improve traceability of green electricity for corporate consumers, and build on these promising business models to scale up the deployment of solar and renewables in Europe.

Companies aiming for 100% clean energy supply need to be able to track the original sourcing of their electrons (guarantees of origin). A new criteria to value additionality would foster corporate investments in new capacities, therefore contributing to the achievement of EU’s climate and energy targets.

SolarPower Europe has co-founded the RE-Source Platform , 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 framework for corporate renewable energy sourcing at EU and national level.

RE-Source Platform

SolarPower Europe, WindEurope, RE100 and WBCSD have established the RE-Source Platform. It is the first and only multi-stakeholder platform in Europe bringing together the interests of both renewable energy buyers and sellers. Read more

Renewable corporate sourcing: a crash course

In pictures:

"Corporations are the new driving force
of the renewable energy transition"

Benedikt Ortmann

Managing Director BayWa r.e. Solar Projects

Resources

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