This year has set new records in the PPA market with 7800MW of renewable capacity secured year to date.
By the end of the third quarter, companies in the ICT sector (2GW), heavy industry (1.8GW) and telecoms (650MW) were responsible for signing over 60% of corporate renewables PPAs, according to RE-Source PPA market data.
The European Commission’s electricity market design (EMD) proposal and the European Parliament’s work on the file recognise PPAs as a crucial tool for supporting the energy transition in Europe.
Policy and impact director at RE-Source Platform Annie Scanlan said: “It is a record year for the RE-Source Platform event.
“We are delighted to welcome more than 350 energy buyers to this year’s event and to see that more companies than ever want to secure their energy through renewable contracts.
“The only thing holding us back from bringing renewables to all businesses is the existing regulatory barriers and the EU legislative certainty.
“To unlock the full potential of PPAs we need to see the Renewable Energy Directive implemented, and we need the Electricity Market Design revision passed swiftly and sensibly.
“This way, even more companies will see PPAs as a viable option to source competitively priced green electricity.”
The RE-Source Platform represents a committed group of corporate renewable energy buyers and energy suppliers driving forward corporate renewable energy sourcing in Europe.
WindEurope is among the founding members of the RE-Source Platform.