News

Europe breaks records with 10.4GW corporate renewable energy deals in 2023 February 8, 2024 – There was unprecedented growth in 2023 in the European corporate power purchase agreement (PPA), with companies procuring a record number of new renewable energy capacity: 10.4 gigawatts (GW). This marks a remarkable 40% increase from the previous year, highlighting the […]

Agreement between EU negotiators on electricity market design reform positive for PPA market but Member State implementation and RES deployment are crucial next steps 15th December 2023, Brussels RE-Source Platform welcomes this week’s agreement between EU negotiators on the revision of the EU’s electricity market design (EMD). Energy buyers and suppliers have been enthused by

COP28: Global clean energy buyers call for a tripling of renewable electricity capacity by 2030 4th December 2023 Corporate clean energy buyers are urging world leaders at COP28 to agree on a global target to triple renewable electricity capacity by 2030[1]. In an open letter released today corporate clean energy buyers call for a unified

Corporate energy buyers: use EU Action Plan for Grids to unlock more wind and solar power plants funded by corporate offtakers RE-Source Platform welcomes the European Commission’s Action Plan for Grids but urges greater attention to be paid to the needs of corporate renewable energy offtakers. RE-Source welcomes the recognition that grids are the backbone

Nine sectors beyond IT and heavy industry reach corporate renewable PPA landmark A wide variety of sectors are now investing in corporate renewable PPAs as more and more companies look to decarbonise. Corporate renewable PPAs have long been dominated by heavy industry and the IT sector. Amazon, Meta, Google, and Microsoft were the four biggest corporate buyers of

21 out of 27 EU countries have now registered corporate renewable PPAs Just six countries out of the EU27 have yet to host corporate renewable PPAs, after four newcomers – Hungary, Lithuania, Slovenia and Portugal – entered the market in 2023. Four other countries – Bulgaria, Croatia, Austria, Romania – entered the corporate renewable PPA

The difference between pricing and valuing a corporate PPA Disclaimer: This report was produced by Pexapark. PPA data collected by RE-Source and Pexapark may differ slightly Hedging against volatility has become the primary motivation behind corporates pursuing PPA agreements. But pricing is as tricky as ever, with the recent turmoil having resulted in some signed

RE-Source and Enterprise Europe Network (EEN) collaborate to support SMEs to source renewable energy Renewable energy procurement via tools, like power purchase agreements, provide many benefits for corporate offtakers – particularly to plan energy costs over long periods; and to decarbonise their energy consumption. However, across Europe, many markets have not reached their full potential

European Parliament vote on Electricity Market Design reform to boost PPA market growth. European Parliament vote aims to boost the deployment of renewable energy by encouraging investments andremoving measures that hinder the European energy markets. BRUSSELS, Belgium (Wednesday 19th July 2023) Today the European Parliament Committee on Industry, Research and Energy (ITRE) adopted its position