Renewable energy power has become the "new favorite" of global enterprises

Renewable energy power is becoming the "new darling" of global companies.

According to the latest report released by Bloomberg New Energy Finance (BNEF), despite the impact of the new crown pneumonia epidemic, the global economic recession, and the adjustment of energy policies in some countries, the global energy transition has not retreated but advanced, and the renewable energy of global industrial and commercial enterprises The total power purchases increased by 18% compared to 2019, and the number of companies that voluntarily purchase renewable energy power worldwide exceeded 130.

Corporate green power consumption has grown for 3 consecutive years

According to BNEF data, in 2020, the installed capacity of global companies purchasing renewable energy power exceeded 23.

It is understood that the purchase of renewable energy power by enterprises is divided into passive consumption and active consumption.

The energy information website "Renewable Energy World" wrote an article that unexpected situations will continue in 2020, and the growth of corporate renewable energy power consumption will not come easily.

According to the BNEF report, in 2020, the total installed capacity of companies in Europe, the Middle East and Africa to purchase renewable energy power will reach 7.

In addition, the installed capacity of companies in Asia to purchase renewable energy power reached a new high, reaching 2.

Policy "face change" causes global market differentiation

The International Renewable Energy Agency (IRENA) pointed out that the terminal power consumption of industrial and commercial enterprises accounts for 2/3 of the global electricity consumption.
Therefore, the power and energy purchases of enterprises are decisive factors affecting energy transition, climate action and sustainable development.
The policy orientation of various countries is one of the important factors that affect the choice of power consumption of enterprises.

According to BNEF data, in 2018, a total of 121 companies around the world signed long-term power purchase agreements with renewable energy power generation projects or power companies; in 2020, the number of companies making this decision has increased to more than 130.
Although the number of companies has increased from two years ago, the increase is still limited.

The report pointed out that more and more companies have shown great interest in clean energy, but the continuous "face change" of some countries’ energy policies has discouraged companies’ enthusiasm for purchasing renewable energy and has led to the differentiation of the global renewable energy market.
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BNEF senior researcher Kyle Harrison said that in 2020, the total installed capacity of renewable energy purchased by US companies decreased by 2.
2 GW compared with 2019, the first decline since 2016.
"The new crown pneumonia epidemic has indeed had a certain impact on companies' energy transformation, but more importantly, the continuous changes in US energy policies make it difficult for companies to make a final decision.
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Mexico has encountered similar problems.
In August 2020, Mexican President López called a halt to national energy reforms, which led to a change in the direction of Mexico’s energy policy, and the development of the renewable energy industry was hit hard.
In the context of the Mexican government's continued weakening of the development potential of clean energy, the company's renewable energy power consumption has almost disappeared.

　　Increased investment catalyzes corporate transformation

　　In the view of BNEF analyst Jonas Rooze, although the policy orientation has affected the choices of enterprises, the pressure to reduce emissions is prompting enterprises to accelerate their approach to renewable energy and make early plans for future development.
In recent years, the cost of electricity from renewable energy sources such as photovoltaic power generation and wind power has dropped rapidly.
The price of electricity is no longer an excuse for companies to reject renewable energy sources, but has become a reason for choice.

　　KyleHarrison added that the capital market’s optimistic view of the renewable energy industry is also pushing companies to increase the purchase of renewable energy power.
Data show that in 2020, the amount of investment attracted by the global renewable energy industry has skyrocketed by 300% from the previous year, which has greatly promoted the shift of corporate consumer interest to clean power.

　　The BNEF report also shows that in 2020, 65 companies have officially joined the global RE100 initiative, promising to use 100% of green electricity in the future, and set a specific time for decarbonization.
These companies cover areas ranging from energy and IT to e-commerce retail, and most of them are large power consumers.

　　BNEF believes that with the acceleration of corporate energy transformation, the demand for clean power will continue to rise, and the current growth rate of renewable energy power installations will not even be able to meet the new demand.
According to BNEF's forecast, by 2030, the consumption demand of renewable energy power by global enterprises will drive the global renewable energy installed capacity to add more than 93 GW.
(Reporter Dong Zitong)

Transfer from: China Energy News