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.