Corporate clean energy PPAs ‘soar 40%’

Published onJanuary 30, 2020

Corporate renewable energy power purchase agreements (PPAs) increased 40% last year, compared with 2018, according to research by BloombergNEF (BNEF). BNEF said in its ‘1H 2020 Corporate Energy Market Outlook’ that clean power PPAs totalling 19.5GW were signed by over 100 corporations in 23 different countries in 2019. This was up from 13.6GW in 2018, and more than triple the activity seen in 2017, it added. PPAS signed were the equivalent of more than 10% of all the renewable energy capacity added globally last year, with the projects involved likely to cost between $20bn and $30bn to develop and build.