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.