Policy

Policy recommendations

With over 250 companies committed to a 100% renewable electricity supply globally, corporate renewable sourcing has become a major business opportunity, boosting economic competitiveness of corporates and reducing their carbon footprint. Europe has played a part in the global renewable energy sourcing trend with a significant increase in onsite renewables, and growth in corporate renewable PPAs, increasing from 2.2 GW of renewable energy capacity supported by PPAs by the end of 2016 to over 9.4 GW by the start of 2020.

But Europe needs to do more if it’s going to deliver on its Green Deal. The acceleration of corporate renewable sourcing will be essential to the market-driven and cost-effective delivery of the EU’s goal to be the 1st climate neutral continent by 2050. Find out what the key challenges and solutions are for unlocking the potential of corporate sourcing in Europe.

Published on October 2020

Published on September 2020

Response to Inception Impact Assessment & Revision of the Directive (EU) 2018/2001 on the promotion of the use of energy from renewable sources

The RE-Source Platform welcomes the initiative of the European Commission to review the Renewable Energy Directive (RED II) and allow for a faster transition to a green, smart and resilient European energy system.

To tap into corporate renewable energy potential, supporting further the development of corporate renewable PPAs is essential. In this regard, the RE-Source platform wishes to highlight important improvements for consideration in the REDII.

Letter to the EU on the COVID-19 stimulus package

European leaders met in June 2020 to discuss a €750 billion COVID-19 economic recovery plan unveiled by the EU Commission. Funded by borrowing on financial markets, the plan noted the Green Deal’s 2050 climate targets, but lacked detail as to how those would be achieved. In response, more than 40 major corporate energy buyers and suppliers signed a letter to the EU and national governments, calling for the following measures:

  • Stimulating additional investment
  • Policies to support the faster roll-out of corporate PPAs
  • The prioritisation of funding for electricity infrastructure

Published on June 2020

Published on May 2018

Policy recommendations – CEM Corporate Sourcing of Renewables Campaign

The last years have seen an extraordinary growth in corporate sourcing of renewables. As renewable energy costs further decline and the appetite to contribute to the energy transformation grows, corporate demand will only accelerate. With a suitable enabling framework in place, corporate sourcing of renewables has the potential to trigger additional investment in renewables and contribute to governments meeting their energy and climate targets.

To fully unlock the huge potential of the corporate sourcing of renewables, Europe requires an enabling policy framework. Relatively few policy adjustments will trigger additional investment in renewables and contribute to governments meeting their energy and climate targets. Here we present five policy recommendations which, if implemented, will provide an optimal framework for the corporate sourcing of renewables.

Joint declaration

A letter to the Energy Minister ahead of the European Union Energy Council meeting of the 18th and 19th of December.

Corporate Renewable PPAs can play a decisive role in delivering Europe’s Climate and Energy objectives. The post-2020 Renewable Energy Directive will be key to unlocking the potential of these PPAs. The signatories of this declaration urge EU Member States to support a renewable energy target of at least 35% by 2030 and for the Directive to ensure that Member States lift all regulatory barriers to the development of corporate renewable PPAs, whether they are direct or indirect prohibitions.

Published on December 2017

Making Europe’s electricity market fit for renewables

WindEurope CEO Giles Dickson breaks down and discusses the new EU rules on electricity markets with Vincent Verbeke, Head of Energy Transition Services & Short Term Power with Engie. Find out more at: windeurope.org/cep

Press releases from RE-Source and its Founding Organisations

Long-term climate strategy not impacted by COVID-19, says global business – but governments have a bigger role to play

Long-term climate strategy not impacted by COVID-19, says global business – but governments have a …

LafargeHolcim successfully launches first sustainability-linked bond for €850 million

LafargeHolcim successfully launches first sistainability-linked bond for 850 million euro – Commitment to reach the …

UK Prime Minister Boris Johnson brings forward end date for new conventional petrol and diesel vehicles to 2030

A new level of credibility for PPAs: 24/7 PPA put into practice UK Prime Minister …

Solar and storage can form essential pillar of EU Green Recovery

Solar and storage can form essential pillar of EU Green Recovery Statkraft develops innovative and …

8 “to dos” for Governments to deliver the expansion of onshore wind needed for the Green Deal

8 “to dos” for Governments to deliver the expansion of onshore wind needed for the …

MINDSPACE BUSINESS PARKS REIT JOINS EV100

Press releases MINDSPACE BUSINESS PARKS REIT JOINS EV100 First real estate entity from India to …