Countries around the world are creating increasingly favorable conditions for renewable energy supply. Take the examples of the U.S. Inflation Reduction Act (IRA) and the European Union s plan to expand the supply of renewable energy, RePower EU.
The amendments to the Electric Utility Act, which for the first time allow renewable energy generators in South Korea to sell electricity directly to end-users without having to go through the Korean Power Exchange.
The amendments to the Electric Utility Act, which for the first time allow renewable energy generators in South Korea to sell electricity directly to end-users without having to go through the Korean Power Exchange, are now in force.
Corporate renewable energy sourcing: driving global decarbonisation efforts
By Dr. Mercè Labordena, Milena Koot
May 3, 2021
The Divisa solar farm brought forward by Solarcentury. Image: Solarcentury/Statkraft.
In 2020, corporate PPA announcements in Europe broke records despite the COVID-19 pandemic, with solar accounting for almost half of all PPA capacity contracted, which is significantly more than in previous years, demonstrating the rapid growth in the popularity of solar corporate PPAs in Europe. This article explores the corporate appetite for renewables, how their demand might outpace supply, and what we should do about this as a sector and in policy. More technically, we will look at how PPAs have evolved over time and the variety of contracts now on offer. We will also consider how PPAs have been streamlined; for example, through the EFET template contract. Overall, this article finds that the corporate appetite for renewable PPAs is insatiable at the moment, and with