Google, Microsoft, IKEA Group, BT, Danone, Amazon, Enel Green Power, Engie, RES, Iberdrola and Facebook, Inc. have become Steering Group members of the RE-Source Platform, which pools resources and coordinates activities to promote a better framework for corporate renewable energy.
The RE-Source Platform aims to raise awareness and accelerate renewable investments and corporate renewable Power Purchase Agreements (PPAs) in Europe. Several deals have been signed in Europe in recent years, providing corporate buyers with reliable and competitively-priced power, but the potential for more is huge. In 2017 more than 1GW of PPA deals were signed in Europe.
The recent growth of corporate sourcing in European markets, like Sweden, the Netherlands and Norway sees them positioned as ‘PPA-friendly’. In the rest of Europe certain regulatory barriers exist, making it difficult for corporate buyers to procure renewable electricity via PPAs. The Clean Energy Package, currently in the final stages of negotiation, is a unique opportunity to provide an enabling framework for corporate sourcing and unlock this huge untapped opportunity to invest in renewable energy.