WindEurope launches corporate PPA 'toolkit'

A free-to-use resource designed to support corporate procurement of renewable energy has been launched on the second day of the RE-Source forum in Amsterdam.

The RE-Source 2019 event in Amsterdam brings together potential renewables suppliers and buyers
The RE-Source 2019 event in Amsterdam brings together potential renewables suppliers and buyers

The Renewable Energy Buyer’s Toolkit includes a how-to guide on corporate sourcing in Europe, training courses, a directory and a contract template.

The RE-Source Platform supports the growth of renewable corporate deals in Europe. Member WindEurope said the toolkit aims to increase awareness of the potential in corporate sourcing of renewables, as well as easing transactions between buyers and sellers.

On the first day of the event — which brings together potential suppliers and offtakers — WindEurope said corporate PPAs were vital to reach Europe’s 32% renewables target by 2030.

"According to a recent study from the European Commission, if EU-based corporate buyers committed to sourcing renewable electricity to meet 30% of their total electricity demand by 2030, the EU renewable energy sector would generate more than €750 billion in gross added value and over 220,000 new jobs," the trade body said.

Corporate PPAs are growing rapidly in Europe, after exploding in the US. In 2018 alone, 6.5GW of wind, solar and other renewables was purchased by US corporations.

WindEurope’s Financing and Investment Trends in 2018 report said there was 2.4GW of corporate procurement in 2018, up from less than 1.5GW in 2017 and under 400MW in 2014.

"Over 85% of the contracted renewable capacity in the last five years has been provided by wind projects," the report stated.

Speaking ahead of the RE-Source event, WindEurope CEO Giles Dickson said: "Industry and business consume more than half of Europe’s electricity today. And they’re increasingly looking to power their operations with renewable electricity.

"But many European countries still have barriers to PPAs. They need to remove them to unlock the enormous potential of corporate sourcing of renewables in Europe."

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