New report encourages corporates to support renewable energy globally
Together with EY. we have authored a report for the World Business Council for Sustainable Development (WBCSD) looking at Corporate Renewable Power Purchase Agreements (PPAs); created in collaboration with member companies of WBCSD’s Corporate Renewable PPA forum.
The ‘Corporate Renewable Power Purchase Agreements: Scaling up globally’ report illustrates the benefits of buying renewable power via PPAs for companies and developers alike. PPAs have become a popular tool for corporate buyers of any sector to effectively ensure economic and sustainable purchasing and the report provides guidance on key aspects of renewable PPAs.
More than 40% of Fortune 500 companies now have targets relating to renewable energy procurement, energy efficiency or cutting GHG emissions. This fast-growing number of companies is procuring power from renewable sources to reduce their carbon footprint and showcase leadership, as well as to mitigate energy procurement costs and risks.
The report walks companies through the opportunities that PPAs offer. It also addresses the obstacles corporate buyers and developers face as they plan and negotiate PPAs and proposes valuable solutions for corporate buyers and developers. The report takes a global approach highlighting countries that present the best potential for corporate renewables - such as Chile and Argentina or India.