The corporate sourcing of renewable electricity through Power Purchase Agreements (PPAs) has been growing steadily since 2015. Corporates have a variety of different reasons to source power from renewables, but the possibility to lower and fix electricity costs is a major part of the rationale for these deals. A recent survey of 1,200 companies across six countries showed that 92% of those sourcing renewables are doing so to reduce energy costs. Read more
The European renewables power purchase agreement (PPA) market is likely to exceed 10GW in 2021, according to а report of Pexapark. After 23 PPAs were signed between January and February, for a total of 2.8 GW, the coronavirus pandemic reached Europe in March 2020. It had brought the market for unsubsidised photovoltaic and wind power plants to an almost complete standstill. Read more
The year 2020 brought us a global pandemic followed by an economic downturn and lockdowns with long lasting livelihoods disruption. Just a year later, technological advances in the vaccine research, coupled with unprecedented political efforts to speed up administrative procedures, secure funding and logistical support have brought us the hope that we already have the key to overcome this challenge. The pandemic has many lessons to teach us and if we choose to learn, these lessons extend as far as the seemingly unrelated issue of how the energy we use in our daily activities is produced, stored and used. Read more
In late June 2021, the Council of the European Union signed on the first European Climate Law, setting into legislation the bloc’s stated goal of reducing greenhouse emissions by 55% (compared to 1990 levels) by 2030 and reaching climate neutrality in the next 30 years. On July 14, 2021, the European Commission followed up with its "Fit for 55" legislative package. The bundle of interconnected legislative proposals aims to align climate, energy and transport policies with the targets agreed in the European Climate Law, translating climate goals into concrete actions. Read more
