The European Commission toolbox names PPAs as an important instrument to protect European businesses from volatile market developments. PPAs are typically signed over long periods, guaranteeing corporate consumers a fixed electricity price and hedging against market risks.
Schlagwort: corporate renewable PPAs
Jan. 03
Corporates call for greater government ambition on renewables ahead of EU Energy Council Meeting
Major multinationals and energy companies call for greater EU policy ambition to unlock the potential of renewables in Europe’s energy mix.
Some of the world’s largest multinationals and energy companies today issued a joint declaration urging EU Member States to support a renewable energy target of at least 35% by 2030. The declaration was signed by members of RE100, the World Business Council for Sustainable Development, Solar Power Europe and WindEurope. It includes Google, Amazon, Microsoft, Unilever and Ikea.
The declaration states that corporate renewable power purchase agreements (PPAs) are key to building Europe’s clean energy transition. But in order to do so across Europe, the companies urge EU Energy Ministers to help them by adopting effective provisions in the new Renewable Energy Directive.
Renewable-Energy-Industry.com
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