Policies for enabling corporate sourcing of renewable energy internationally
Type: Research Study
Categories: Commercial, Industrial, Regulation, Solar, Sourcing Renewables, Wind
Date Published: 5/1/2017
Source: National Renewable Energy Laboratory
Primary Topic: Sourcing Renewables
This report from the U.S. Department of Energy's National Renewable Energy Laboratory explores the policy and regulatory enabling environment for corporate sourcing of renewable energy.
NREL, along with the Center of Resource Solutions, the International Renewable Energy Agency and the World Resources Institute, developed the report in support of the Corporate Sourcing of Renewables Campaign, which was launched at the Clean Energy Ministerial meeting in June 2016. The report offers an overview of renewable energy procurement mechanisms globally and information on how to obtain quality and credible renewable energy transactions.
According to the report:
A variety of global companies headquartered in Europe, Asia, and North America have set targets to achieve 100% renewable energy consumption, while many others have established smaller, but substantial goals. Collectively, corporate buyers have the potential to drive a sizable amount of new renewable energy development through private sector investment in both mature and nascent renewables markets. This is because corporates often want to buy renewables near their facilities and their commitment to purchase power from the renewable energy project means the project can obtain financing from banks. The policy enabling environment is a key factor that will determine where and how corporations procure renewables.
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