Corporate power purchase agreements (PPAs) for renewable energy grew to 13.4 GW last year. In 2017, the figure was 6.1 GW, according to Bloomberg New Energy Finance (BNEF). The US was responsible for two-thirds (8.5 GW) of 2018’s worldwide total. BNEF said over 40% of the 32 GW of PPAs signed since 2008 had come since 2015, with 86% just in 2018. Bigger companies such as technology rivals Facebook and Google have been joined by increasing numbers of smaller businesses grouping to gain competitive prices. Working together in an aggregation model has helped navigate previous difficulties procuring clean energy.
Corporate power purchase agreements (PPAs) for renewable energy grew to 13.4 GW last year. In 2017, the figure was 6.1 GW, according to Bloomberg New Energy Finance (BNEF). The US was responsible for two-thirds (8.5 GW) of 2018’s worldwide total. BNEF said 86% of the 32 GW of PPAs signed since 2008 had come since 2015, with over 40% just in 2018. Bigger companies such as technology rivals Facebook and Google have been joined by increasing numbers of smaller businesses grouping to gain competitive prices. Working together in an aggregation model has helped navigate previous difficulties procuring clean energy.