NewEnergyNews: Corporate Deal Driving New Growth For New Energy

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    Friday, December 20, 2019

    Corporate Deal Driving New Growth For New Energy

    Corporates going ‘green’ sees Europe renewable deals rocket

    Kelvin Ross, December 20, 2019 (Poser Engineering International)

    “Increased pressure on corporate companies to have better ‘green’ credentials and the end of government incentives has seen the number of subsidy-free renewable energy projects increase by more than 1000 per cent since 2013…[A new study] found that the number of purchase power agreement deals in Europe has increased from just four in 2013 to more than 45 in July this year, which have either been signed with a utility, an energy trader or a corporate…[The energy transition] baton has now been passed into the hands of the private sector…

    [Corporates across the globe have been under increasing pressure from consumers and investors to ‘green’ their businesses, leading them to radically change the way they purchase electricity either as signatories of PPAs or even, in many cases, as owners of renewable energy plants…[The Europe-led first phase] of the transition to renewables is set to come to an end, as capital costs have declined sufficiently to enable such projects to be economically viable on the basis of grid-parity with fossil fuels…[Solar PV capital cost reductions have reached] more than 80% and as a result, grid-parity is close to becoming a reality…[But] regulators still have the power to affect investment decisions through market design, tax framework, and grid legislation…” click here for more

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