In 2020, global enterprises purchased 23.7 GW of clean energy, an increase of 18% year-on-year

According to new research released by Bloomberg New Energy Finance (BNEF), global companies purchased 23.
7GW of clean energy in 2020, up from 20.
1GW in 2019 and 13.
6GW
in 2018.
Despite the global recession caused by the Covid-19 pandemic in 2020 and uncertainty about U.
S.
energy policy ahead of the presidential election, corporate purchases of clean energy have continued to grow
over the year.

In terms of countries and regions, the United States is once again the largest market, with U.
S.
companies signing 11.
9 GW PPAs in 2020, but down from 14.
1 GW in 2019, and its dominance has declined, which is also the first year-on-year decline
since 2016.

Latin American corporate clean energy purchases also experienced a year of decline in 2020, falling to 1.
5 GW from 2 GW in 2019, largely as the region was hit
hard by the Covid-19 pandemic and economic downturn.
However, it is worth mentioning that Brazilian companies signed a record 1047 MW PPA agreement in 2020, and many companies continue to migrate to the Brazilian market, resulting in an increase
in contracts.

While the U.
S.
and Latin America retreated, the size of corporate PPA agreements in Europe, the Middle East and Africa (EMEA) nearly tripled, from 2.
6 GW in 2019 to 7.
2 GW
in 2020.
Among them, Spanish companies purchased no less than 4.
2 GW of clean energy, compared to 300 MW in the previous year
.

Thanks to strong natural resources and a large number of experienced developers, solar and wind projects in Spain are sold
at the cheapest and most competitive prices in Europe.
Companies such as Total and Anheuser Bush are plotting "cross-border online PPAs" in Spain, buying clean energy in the country to offset their load
elsewhere in Europe.

Corporate clean energy purchases in Asia Pacific also reached 2.
9 GW
in 2020.
Taiwanese companies performed well during the year, signing a cumulative 1.
25 GW PPA agreement
.
South Korea is expected to be the next major corporate sourcing market
in Asia.

From a corporate perspective, Amazon was the main buyer of clean energy in 2020, announcing 35 separate clean energy PPAs totaling 5.
1GW
throughout the year.
To date, the company has purchased more than 7.
5GW of clean energy to date, surpassing Google (6.
6GW) and Facebook (5.
9GW) to become the world's largest buyer
of clean energy.
French oil giants Total (3GW), TSMC (1.
2GW) and U.
S.
Telecom Verizon (1GW) are also major clean energy corporate buyers
in 2020.