Enel Green Power at the RE-Source 2017 event
Corporate Renewable PPAs could power business all over Europe
The RE-Source 2017 event (Brussels, 10-11 October) brought together industry leaders such as Google, Mars, IKEA and Alcoa with energy players as Enel Green Power with policy makers. The strategic value of Corporate Renewable PPAs for the growth of the business of European companies and the achievement of zero-carbon targets
The private sector accounts for around half of Europe’s electricity consumption. Powering corporate consumers with renewable energy could deliver massive reductions in CO2emissions, save businesses money and make it easier for people to invest in renewables.
Large energy consumers such as chemical and aluminium producers, ICT and food & drink companies gathered in Brussels (10-11 October) with renewable energy producers to consider how to unlock this potential.
The volume of ’Corporate Renewable PPAs’ – which allow companies to purchase renewable energy directly from an energy generator – almost tripled in Europe in 2016, with over 1 GW of capacity contracted. Globally, more than 100 top companies have now committed to procure 100% renewable electricity via the RE100 initiative, together accounting for 150 TWh of yearly consumption.
Yet, in Europe, only a limited number of large corporates are involved in renewables sourcing and do so in only a handful of European countries, mainly Scandinavia and the UK.
Getting the EU’s Clean Energy Package right will be key to unlocking the massive growth potential of PPAs.
Enel Green Power