Leading corporate buyers & clean energy suppliers join forces to unlock huge untapped renewable energy sourcing opportunities in Europe

Date

06 Jun 2018

Sections

Energy

Brussels, 6 June 2018 -  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 companies were announced today at the official launch of the Platform during the EU Sustainable Energy Week. These major corporate energy users and supply side companies were highlighting the growing demand for clean energy and the need for clear and enabling policy frameworks.

"As the world’s largest corporate buyer of renewable energy, we are excited to support the RE-Source platform to accelerate the growth of renewables in Europe." - Marc Oman, Senior Lead, Energy and Infrastructure, Google.

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 major corporate buyers with reliable and competitively-priced power, but the potential for more is huge. In 2017 more than 1 GW of PPA deals were signed in Europe and therefore the phenomenon is growing.

“The RE-Source Platform creates opportunities for companies to take an active role in developing the renewable energy market and be part of the low-carbon economy. By investing in, or enabling renewable energy generation, business can play an important role in tackling climate change.” - Karol Gobczyński, Climate and energy manager, IKEA Group.

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. It also highlights the importance of traceability via a fully functioning ‘Guarantees of Origin’ market to help underpin corporate PPAs and investments. According to IRENA’s latest study, getting the policy framework right on corporate sourcing will be key in helping to drive the energy transition.

“Corporate sourcing of renewable energy plays a key role in accelerating Europe's clean energy transition. We look forward to being part of the RE-Source Platform, which brings together a multitude of stakeholders and voices committed to advancing regulatory frameworks that enable more corporate investments in renewable energy, taking us ahead in our journey towards a greener Europe.”Adina Braha-Honciuc, Government Affairs Manager at Microsoft.

ENDS

Note to Editors:
SolarPower Europe, WindEurope, The Climate Group and CDP (RE100) and WBCSD established the RE-Source Platform to drive the uptake of PPAs and renewable energy investments. This is the first multi-stakeholder alliance in Europe bringing together the interests of clean energy investors, buyers and suppliers. This Platform pools resources and coordinates activities to promote a better framework for corporate renewable energy sourcing at EU and national level.

The RE-Source Platform also organises an annual RE-Source Event - the largest and most influential corporate sourcing event in Europe. The RE-Source Event brings together all the major players in the PPA industry – from buyers to sellers to policymakers and more. The next edition will take place on 20-21 November 2018 at the Hotel Okura in Amsterdam.

For more information:
Andrew Canning – Press & Comms Manager, WindEurope
T: +32 2 213 18 67, M: +32 492 25 48 38, andrew.canning@windeurope.org

Kristina Thoring - Senior Political Communications Advisor, SolarPower Europe
T: +32 2 709 55 26, k.thoring@solarpowereurope.org

 

 

Jobs

Conference of European Directors of Roads (CEDR)
Action Plan Communications & Coordination Officer
European Students' Union
Financial Officer
European Affairs Consulting Group
Administrative and Communication Officer
Commissariat général à l'égalité des territoires - CGET
Coordinateur-trice (réglementation, gestion, contrôle des programmes)
European Medicines Verification Organisation (EMVO)
Commercial & Partner Management Intern
European Construction Technology Platform
Project Assistant Intern
Council of European Dentists
Office Manager
CPMR - Conference of Peripheral Maritime Regions
Atlantic Arc Commission Executive Secretary
Cairo Institute for Human Rights Studies
Administrative and Financial Associate
International Trademark Association (INTA)
Intern - Membership and Communications