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    Home > Chemicals Industry > International Chemical > In 2027, the external renewable energy procurement of enterprises and institutions will reach 15.6 billion US dollars

    In 2027, the external renewable energy procurement of enterprises and institutions will reach 15.6 billion US dollars

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    A new report by Navigant Research, a U.
    S.
    market research firm, examines global market developments in companies sourcing renewable energy from utility-scale off-site renewable energy (ORE) projects as
    buyers.

    According to the report, global corporate-to-utility-scale off-site renewable energy purchases will reach US$15.
    6 billion by 2027.

    To reduce greenhouse gas emissions, many large multinational corporations, universities, and municipalities (known as corporate buyers) not only install on-site renewable energy systems, but also adopt innovative trading models to source renewable energy projects from utility-scale off-site renewable energy (ORE) projects
    .

    These models can help corporate buyers meet sustainability and energy expenditure reduction targets while reducing electricity market risk
    for project developers and independent power producers (IPPs).

    "Renewable energy project developers and IPPs increasingly need to compete with traditional power sources, and uncertainty about long-term revenue streams will affect the bankability of renewable energy projects," said William Tokash, senior research analyst at Navigant
    。 ”

    Asia Pacific is expected to be the largest region for utility-scale ORE procurement, with annual power capacity and revenues expected to reach $9.
    2 GW and $7.
    9 billion, respectively, by 2027.

    The second largest region is expected to be North America, largely dependent on the emergence of flexible contractual mechanisms that allow the creditworthiness interests of corporate buyers to be recognized
    by project developers and independent power producers.

    A new report by Navigant Research, a U.
    S.
    market research firm, examines global market developments in companies sourcing renewable energy from utility-scale off-site renewable energy (ORE) projects as
    buyers.

    renewable energy

    According to the report, global corporate-to-utility-scale off-site renewable energy purchases will reach US$15.
    6 billion by 2027.

    To reduce greenhouse gas emissions, many large multinational corporations, universities, and municipalities (known as corporate buyers) not only install on-site renewable energy systems, but also adopt innovative trading models to source renewable energy projects from utility-scale off-site renewable energy (ORE) projects
    .

    These models can help corporate buyers meet sustainability and energy expenditure reduction targets while reducing electricity market risk
    for project developers and independent power producers (IPPs).

    "Renewable energy project developers and IPPs increasingly need to compete with traditional power sources, and uncertainty about long-term revenue streams will affect the bankability of renewable energy projects," said William Tokash, senior research analyst at Navigant
    。 ”

    Asia Pacific is expected to be the largest region for utility-scale ORE procurement, with annual power capacity and revenues expected to reach $9.
    2 GW and $7.
    9 billion, respectively, by 2027.

    The second largest region is expected to be North America, largely dependent on the emergence of flexible contractual mechanisms that allow the creditworthiness interests of corporate buyers to be recognized
    by project developers and independent power producers.

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