23 Jan '18, 10am

Wind wins bulk of corporate renewable PPAs in 2017

Bloomberg New Energy Finance (BNEF) found that 43 corporations in ten different countries signed power purchase agreements (PPAs) for 5.4GW of clean energy. This was up from 4.3GW in 2016 and a previous record of 4.4GW in 2015, analysts noted in BNEF’s inaugural Corporate Energy Market Outlook . Wind accounted for most of power bought through PPAs last year, representing 2,821MW (86.9%) of energy bought by the world’s top ten corporate off-takers. Corporate PPAs are becoming increasingly popular, BNEF analysis suggested, with 76% of the 19GW of clean power bought since 2008 purchased in the last three years. The analysts noted PPAs were increasingly being signed despite a persisting "tumultuous political climate and cheap wholesale power" in the US, and despite uncertainty about whether such power deals are legal in some European countries. BNEF also expected ‘regulatory b...

Full article: https://www.windpowermonthly.com/article/1455220/wind-win...

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