Corporate investments in clean energy exploded!

Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2018, published in the Corporate Energy Market Outlook report by Bloomberg New Energy Finance (BNEF. The new record smashing the previous one set the year before.

Around 13.4 Gigawatt of clean energy contracts were signed by 121 corporations across 21 countries in 2018. This was up from 6.1 GW in 2017 and positions companies next to utilities as the biggest buyers of clean energy globally.

Jonas Rooze, head of corporate sustainability for BNEF, said: “Corporations have signed contracts to purchase over 32GW of clean power since 2008, an amount comparable to the generation capacity of the Netherlands, with 86% of this activity coming since 2015 and more than 40% in 2018 alone.”

The healthiest signal of continued growth in the global corporate procurement space is the growing alliance of companies establishing clean energy and sustainability commitments. One such campaign, known as the RE100 – consisting of nearly 160 signatories at the end of 2018 that have established 100% renewable electricity targets – has companies domiciled in 23 different markets. Cumulatively, these companies consumed an estimated 189TWh of electricity in 2017, equivalent to Egypt’s electricity consumption.

BNEF estimates these companies will need to purchase an additional 190TWh of clean electricity in 2030 to meet their RE100 targets. 

Read the whole article at BloombergNEF

A global retrospect on renewables 2018

The figures on clean energy have been presented by Bloomberg NEF.

Over 300 billion dollars

Last year, once again, more than 300 billion dollars have been invested worldwide in clean energy. Although the investments had decreased slightly, the generated energy from the projects were higher than ever before.In the field of wind energy, an increase in funding can be seen in 2018. A growth of almost 3% was reported in both off-shore and on-shore compared to the previous year.

Renewable energy investments get more lucrative

Partly thanks to the decreasing costs of the production of parts, the price per MW is declining. Therefor the return on investment in renewable energy pays back more quickly than ever before.

Worst year for new installations in the UK

The UK onshore wind industry recorded its worst year for new installations in almost a decade in 2018 with 598MW significantly down on the over 2.6GW installed in 2017, according to new figures from RenewableUK. The 2018 haul was the lowest level since 2011.

The authorities are stalling the progress

RUK blamed government policy changes for the return including the closure of the Renewables Obligations and the barring of access to the technology for Contracts for Difference auctions.

4.5GW in onshore wind projects remain on the shelf

Executive Director of RenewableUK, Emma Pinchbeck said there is 4.5GW of “ready-to-go” onshore wind that can be delivered to “close the gap between the low carbon power we need and the amount UK’s Government policy is actually delivering”. This is 4.5GW solely for the UK projects which are retained.

A global oppoptunity

This phenomenon applies to more governments world-wide. In order to achieve all the objectives that we have all agreed together in the Paris Agreement, applicated projects must proceed faster by the authorities.

This year it’s time for governments to grasp this grand opportunity to take a great leap in renewable energy coverage.

Key Energy 2018

WES at the Key Energy Expo Rimini 6 – 9 November 2018

WES will be attending the Key Energy Expo 2018, the leading fair for renewable energies in the Mediterrean area which will be held from 6 to 9 November at the Rimini Fiera in Rimini, Italy.

Please come and visit us at our stand, stand number 199 in the Key Wind department, hall D7.

Key Energy has been Italy’s leading exhibition for Energy and Sustainable Mobility for the last 12 years.
Along with Ecomondo, the international exhibition for material and energy recovery and sustainable development, Key Energy forms the most important platform in the Mediterranean basin for European and international green strategies and solutions.

The parallel organised Key Wind Exhibition is the only reference wind power show in the Mediterranean basin, the Balkans and the Middle East.
Key Wind, in partnership with ANEV, the Italian Wind Energy Association, collaborates to develop the sector in Italy, in terms of content, training, information and design.

For more information about the Key Energy Expo Rimini 2018 please visit: www.keyenergy.it

If you are interested in meeting us during the event please contact Mr. Maarten Deutekom: maartendeutekom@windenergysolutions.nl

 

Espositive Area: D7 199

Product category: Equipment, components and technologies for wind power plants , Network-linked mini wind plants, Offgrid mini wind power plants