Solar players in Europe have called for efforts to accelerate renewables deployment and unlock more corporate power purchase agreement (PPA) volumes in light of the European Union’s (EU) push for more energy independence following Russia’s invasion of Ukraine. Jules Scully hears from them directly.
A record 31.1GW of clean energy was bought by corporations through power purchase agreements (PPAs) last year, with technology companies once again the largest buyers, according to research firm BloombergNEF (BNEF).
Corporations bought 18% more clean energy last year compared with 2019, according to new research, with tech giant Amazon and oil and gas group Total leading the global energy transition.
Utility enlists telecoms giant Telefónica for 10-year deal while asset manager lines up bond package from UK-based investor Pension Insurance Corporation.
Flurry of deals in US southeast was among highlights as solar corporate procurement soared between 2018 (5.4GW) and 2019 (9.6GW), BloombergNEF analysts tell PV Tech.
Technology giant eyes full renewable electricity supply by 2025, while food group sets same goal for US operations and financial services firm claims to have already reached it globally.
In filings with Nevada's Public Utilities Commission, the utility has outlined plans to power an under-construction Google data centre with solar backed by energy storage, in a deal that has the potential to break the corporate PV/battery record.
Complexity and costs may deter corporates from choosing avenue key to developers, lawyers Andrew Hedges, Caileen Kateri Gamache and Lee Donovan write in latest PV Tech Power issue.
