The corporate renewable power purchase agreements (PPAs) market is growing significantly.
In the US alone, almost 3 GW of renewables capacity was contracted through corporate renewable PPAs in 2015, compared to just 650 MW between 2008 and 2012.
This 22-page report by Baker & McKenzie – The Rise of Corporate PPAs - A New Driver for Renewables – outlines the economic and environmental advantages of corporate renewable PPAs and takes a closer look at some of the biggest deals recently completed by corporates. It also examines both direct purchase and synthetic PPA structures.
With more than 40 percent of Fortune 500 companies now having targets relating to renewable energy procurement, energy efficiency or reducing greenhouse gas emissions, it is clear there is a real appetite for going green within the business world. And corporate renewable PPAs are set to be one of the most popular methods for meeting these targets.