Andor Savelkouls and Jonathan Bell of Altenex Energy, a subsidiary of Edison Energy, assess the flaws in how corporates currently procure renewable electricity, and how slight tweaks to the system can make it more accurate and cleaner.
Online retail giant Amazon has signed a 10-year corporate power purchase agreement (PPA) in Japan with Mitsubishi Corporation for the output from 22MW of solar PV plants.
The amount of solar installed in the US in 2020 was 4000% higher than was installed in 2010, with 8,894MW of utility-scale solar projects being added, as corporate demand becomes almost on par with utilities
Companies are purchasing solar, wind, and other forms of renewable energy more than ever before. The power purchase agreement (PPA) market in Europe has grown to a cumulative capacity of over 12GW, with a record 4GW signed in 2020. Corporate climate commitments are opening doors for investment in renewable energy, and continued price declines are convincing companies to sign new contracts. Is the European market ready to fulfil its potential? By Dr. Mercè Labordena, senior policy advisor at SolarPower Europe, and Milena Koot, communications advisor at SolarPower Europe
Ingka Group, a retailer that runs the majority of IKEA stores, has allocated an additional €4 billion (US$4.8 billion) to invest in solar and wind plants.
Total has signed a corporate power purchase agreement (PPA) with telecoms operator Orange that will allow for the development for 12 solar projects in France.
Iberdrola has signed a power purchase agreement (PPA) to sell electricity from what is claims will be Europe’s largest PV plant to French food group Danone.
US home improvement company Lowe’s plans to procure renewable energy from a solar project for the first time after securing a deal with developer Swift Current Energy.
