Final deal on the Renewable Energy Directive: new momentum for corporate renewable energy sourcing in Europe
Brussels, 27 June 2018 – European countries gave their endorsement today to a New Renewable Energy Directive. They confirmed a deal which negotiators from the Council and European Parliament reached on 14 June.
The Directive features ambitious provisions for the uptake of corporate renewable energy sourcing in Europe, starting with a binding EU-wide 32% renewables target for 2030, better long-term planning for public support, simplified permit granting process and an enabling framework for self-consumption in Europe including through corporate renewable PPAs.
In spite of the growing interest for renewable energy corporate sourcing in Europe, the potential remains largely untapped. Today, only a limited number of large corporate players are involved in RES sourcing in Europe. Find out what the key challenges and solutions are for unlocking the potential of corporate sourcing in Europe by clicking the button below.
Policy recommendations – CEM Corporate Sourcing of Renewables Campaign
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
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 to lift all regulatory barriers to the development of Corporate Renewable PPAs.