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    Home > Chemicals Industry > International Chemical > Global companies procured 5.4 GW of clean electricity in 2017, a record high

    Global companies procured 5.4 GW of clean electricity in 2017, a record high

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    According to a Bloomberg New Energy Finance BNEF report, despite the uncertainty of two of the most active market policies, global companies purchased 5.
    4 GW of clean electricity through long-term contracts in 2017, surpassing the record
    set in 2015.

    In 2017, companies signed a new record green energy purchase agreements (PPAs), with a total of 43 companies from 10 countries signing 5.
    4 GW of clean electricity procurement contracts, driven mainly by sustainability initiatives and increasing cost competitiveness of renewable energy
    .

    According to BNEF's first Corporate Energy Market Outlook report, companies procured 4.
    3 GW of clean electricity in 2016 and 4.
    4 GW in 2015, even as evolving policies are influencing corporate procurement
    in the two largest markets, the United States and Europe.

    According to statistics, since 2008, global companies have signed contracts to purchase almost 19GW of clean electricity, which is comparable to Portugal's annual electricity generation, of which 76%
    since 2015 has been purchased.

    From a regional and regional point of view, the United States is the most active market, with the cumulative number of clean power purchase agreements signed by enterprises reaching 2.
    8 GW, an increase of 19%
    year-on-year.
    Most notable is Apple's 200-megawatt PPA agreement with NV Energy, the largest clean power purchase agreement
    ever signed by a U.
    S.
    business with a utility.

    Europe also experienced a near-record year, signing more than 1GW of purchased electricity, with about 95% coming from projects
    in the Netherlands, Norway and Sweden.
    In these countries, policy mechanisms allow developers to receive subsidies, while also enabling businesses to obtain permits to achieve the Sustainable Development Goals
    .
    The biggest deal is an aluminium producer Norwegian Hydro pledge to buy most of its electricity
    from Sweden's 650MW Markbygden Ett wind farm from 2021 to 2039.

    Emerging markets also saw new deal activity, with the signing of the first PPA agreements
    in Burkina Faso, Eritrea, Egypt, Ghana, Namibia, Panama and Thailand.

    "Despite political and economic obstacles, the growth of corporate procurement demonstrates the importance of corporate environmental, social and governance issues," said Kyle Harrison, Corporate Energy Strategist, BNEF.

    BNEF expects global corporate purchases of clean electricity to grow further in 2018, surpassing the record levels
    seen in 2017.

    According to a Bloomberg New Energy Finance BNEF report, despite the uncertainty of two of the most active market policies, global companies purchased 5.
    4 GW of clean electricity through long-term contracts in 2017, surpassing the record
    set in 2015.

    Clean electricity

    In 2017, companies signed a new record green energy purchase agreements (PPAs), with a total of 43 companies from 10 countries signing 5.
    4 GW of clean electricity procurement contracts, driven mainly by sustainability initiatives and increasing cost competitiveness of renewable energy
    .

    According to BNEF's first Corporate Energy Market Outlook report, companies procured 4.
    3 GW of clean electricity in 2016 and 4.
    4 GW in 2015, even as evolving policies are influencing corporate procurement
    in the two largest markets, the United States and Europe.

    According to statistics, since 2008, global companies have signed contracts to purchase almost 19GW of clean electricity, which is comparable to Portugal's annual electricity generation, of which 76%
    since 2015 has been purchased.

    From a regional and regional point of view, the United States is the most active market, with the cumulative number of clean power purchase agreements signed by enterprises reaching 2.
    8 GW, an increase of 19%
    year-on-year.
    Most notable is Apple's 200-megawatt PPA agreement with NV Energy, the largest clean power purchase agreement
    ever signed by a U.
    S.
    business with a utility.

    Europe also experienced a near-record year, signing more than 1GW of purchased electricity, with about 95% coming from projects
    in the Netherlands, Norway and Sweden.
    In these countries, policy mechanisms allow developers to receive subsidies, while also enabling businesses to obtain permits to achieve the Sustainable Development Goals
    .
    The biggest deal is an aluminium producer Norwegian Hydro pledge to buy most of its electricity
    from Sweden's 650MW Markbygden Ett wind farm from 2021 to 2039.

    Emerging markets also saw new deal activity, with the signing of the first PPA agreements
    in Burkina Faso, Eritrea, Egypt, Ghana, Namibia, Panama and Thailand.

    "Despite political and economic obstacles, the growth of corporate procurement demonstrates the importance of corporate environmental, social and governance issues," said Kyle Harrison, Corporate Energy Strategist, BNEF.

    BNEF expects global corporate purchases of clean electricity to grow further in 2018, surpassing the record levels
    seen in 2017.

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