Corporate Clean Energy Buying Surged to New Record in 2018

Corporate Clean Energy Buying Surged to New Record in 2018

Corporations purchased 13.4 gigawatts of clean power through long-term contracts, more than doubling 2017’s total, helped by demand from new industries and previously untrodden markets
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Corporations purchased 13.4 gigawatts of clean power through long-term contracts, more than doubling 2017’s total, helped by demand from new industries and previously untrodden markets. Learn more from the @bloombergnef Corporate Energy Market Outlook. http://bit.ly/2BaX3pE

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Global corporate PPA volumes - Source: BloombergNEF

Tuesday, January 29, 2019 - 2:30pm

CAMPAIGN: Bloomberg: Sustainable Business

CONTENT: Article

Originally posted on about.bnef.com

New York and London, January 29, 2018 – Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2018, shattering the previous record set in 2017. Highlights included a wave of smaller corporate energy buyers aggregating their purchases, and the first corporate clean energy power purchase agreements in markets such as Poland.

BloombergNEF (BNEF) finds in its 1H 2019 Corporate Energy Market Outlook, published today, that some 13.4GW of clean energy contracts were signed by 121 corporations in 21 different countries in 2018. This was up from 6.1GW in 2017, and positions companies alongside utilities as the biggest buyers of clean energy globally.

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