The BNEF report highlights that 121 corporations from 21 different countries signed 13.4GW of clean energy PPA contracts in 2018, which positions companies along with power companies as the largest buyers of clean energy worldwide.
Kyle Harrison, the corporate sustainability analyst at BNEF, said: “The aggregation model has announced a new generation of corporate buyers of clean energy. These companies no longer need to address the complexities of purchasing clean energy on their own. They can share the risks associated with the volatility of the credit and energy market with their partners. “
In the US market, an important feature was the emergence of smaller and new corporate buyers of clean energy. In 2018, some 34 new companies signed their first clean energy PPA, which represents 31% of the total activity in the US.
Europe, Middle East, and Africa (EMEA) region, corporations also bought record volumes of clean energy, by signing agreements for 2.3 GW and double the 1.1 GW signed in 2017. Companies signed energy purchase agreements for the first time in Poland, and only for the second time in Denmark and Finland. There were also new agreements signed in the United Kingdom. Several requests for proposals and changes in the policy suggest that new markets will also be opened in Germany and France.
In the Asia-Pacific region (APAC), still a nascent market for corporate acquisition, companies signed a record 2 GW of clean energy PPPs, more than the previous two years combined. Almost all of this activity took place in India and Australia, with approximately 1.3 GW and 0.7 GW of purchased clean energy, respectively. Demand still far exceeds supply in the rest of APAC, although recent changes in several markets suggest that there will be a significant increase in activity in the future.
The healthiest signal of continuous growth of the global market of corporate acquisitions is the growing number of companies that establish commitments of clean and sustainable energy.
Source: El Periódico de la Energía.