White paper: RENEWABLE ENERGY PROCUREMENT FOR CORPORATES
Recent trends in the renewable electricity markets
The global push towards sustainability and combating climate change has fueled a remarkable transformation in the renewable energy market. To achieve those goals, many companies have started defining targets to reduce or eliminate emissions arising from their electricity consumption by procuring electricity from clean sources.
Organizations are actively exploring various formulas to procure renewable electricity. Power Purchase Agreements (PPAs), Virtual Power Purchase Agreements (VPPAs), and direct purchases of unbundled Renewable Energy Certificates (EACs) have become the most popular approaches for corporates to reduce their scope 2 emissions.
As the demand for renewable energy keeps growing, questions arise.
What is the most efficient strategy for my organization? Is this enough to reach my sustainability goals? What approach is likely to facilitate a continued and efficient growth in the renewable energy sector?
These are critical questions that organizations must consider when embarking on their renewable energy procurement journey.