WindEurope’s latest report on 2020 financing and investment trends confirmed last year’s record-breaking year for corporate power purchase agreement (PPA) announcements across Europe.

Daimler have signed a renewable Purchase Power Agreement (PPA) with Statkraft that will enable them to power their Mercedes factories with 100% renewable electricity.

While 2020 was positive for renewable energy sourcing in general, solar power had a particularly good year, capturing approximately 1.7 GW of PPA capacity.

A recently conducted survey of large energy consumers across all sectors in the four Visegrad countries (V4) reveals that they have a strong interest in renewable electricity – both self-producing and purchasing.

Global building materials company, Kingspan, has signed a power purchase agreement (PPA) with solar energy company Alight. Alight will invest in, deliver and manage a rooftop photovoltaic plant at Kingspan’s state of the art factory in Stigamo, Sweden.

Spain is now one of the leading European countries in corporate PPAs signed. Of the nearly 4 GW of PPAs signed across 12 countries last year, Spain was responsible for more than 1.3 GW.

Many industries faced uncertainty in 2020 but corporate renewable electricity went from strength to strength.

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