Global Corporate New Energy Buy To Be $15.6BIL by 2027
Corporate Utility-Scale Offsite Renewable Energy Procurement Solutions; Procurement of Utility-Scale Solar PV and Wind Power by Large C&I Energy Users: Global Market Analysis and Forecasts
2Q 2018 (Navigant Research)
“…Global procurement drivers for corporate buyers are converging with power market revenue risk and bankability drivers for project developers and IPPs. The combination of these drivers is poised to provide corporate buyers with new utility-scale power market electricity sales and procurement models for renewable energy. Navigant Research expects the annual global market for utility-scale [Offsite Renewable Energy (ORE)] procurement by corporate buyers to reach 15.1 GW and $15.6 billion by 2027. The largest region for utility scale ORE procurement for corporate buyers is expected to be Asia Pacific, where annual power capacity and revenue are forecast to reach 9.2 GW and $7.9 billion by 2027. The second largest region for utility-scale ORE procurement for corporate buyers is projected to be North America, which is expected to reach 2.7 GW and $3.1 billion in 2027. The anticipated growth of these markets is dependent on the emergence of flexible contracting mechanisms that allow for the creditworthy benefits of a corporate buyer to be recognized by project developers and IPPs. Growth is also dependent on how effectively these flexible contracting mechanisms reduce the risk presented with long-term power market contracts while offering energy cost savings and sustainability benefits…” click here for more
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