Corporate demand for renewables is continuing to grow rapidly, with companies in 75 countries having actively sourced 465TWh of renewable energy in 2017. That is the headline finding of a new a new report from the International Renewable Energy Agency (IRENA) published at this week’s Clean Energy Ministerial meeting in Copenhagen. The report predicted the continued decline in the costs of renewables means corporate demand is expected to continue to increase as companies seek to reduce electricity bills, hedge against future price spikes, and address sustainability concerns. Entitled Corporate Sourcing of Renewables: Market and Industry Trends, the report is the first attempt to quantify the scale of the corporate renewables market, which is widely seen as a major driver of global clean energy investment.
Business Green 25th May 2018 read more »
Nordic firms press EU over 35% renewable energy target. Orsted, Vestas Wind Systems and Ikea penned an open letter to the EU urging it to be “ambitious” in terms of energy efficiency and climate neutrality. The letter has been forwarded to EU energy ministers ahead of the Clean Energy Ministerial summit in Malmo and Copenhagen at the end of May. The letter said: “We believe that the adoption of a strong Clean Energy Package with a high level of ambition of the energy efficiency directive, renewable energy directive and governance regulation, is crucial for greenhouse gas emission reductions. “Ambitious climate and clean energy targets also drive economic development with increased competitiveness, job creation and improved health as well as lower dependency on energy imports.”
Energy Voice 23rd May 2018 read more »