By: Michael Schmela, Executive Advisor April 2018 Looking back at 2017, many will probably say it was just another growth year for solar. Indeed, there
Corporate sourcing of solar and renewables is a growing phenomenon. The market of Power Purchase Agreements (PPAs) in Europe has grown to a cumulative capacity of over 6 GW.
Globally, more than 150 corporations have committed to procure 100% renewable electricity to power their operations, together accounting for 188 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 Spain. 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.
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.
Webinar: On-site vs off-site corporate sourcing
Corporate sourcing newsletter
SolarPower Europe’s Corporate Sourcing newsletter intends to encourage a direct exchange with SolarPower Europe members on the issue of corporate sourcing.
If you want to receive our Corporate Sourcing newsletter, please contact Mercè Labordena.
Editorial: Knock Knock – Solar sector innovation and cost reduction are bringing new business opportunities knocking on Europe’s door
By: Bruce Douglas, Chief Operating Officer and Deputy CEO March 2018 As solar continues to grow in Europe, the pool of business opportunities for European industry
Today, at the SolarPower Summit, 50 leading companies announced their support for further digitalisation of the solar and energy sector. SolarPower Europe’s ‘Go Digital’ declaration