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Corporate renewable energy procurement explained

What is it and why should corporates do it
Why source renewables now?

We are living through an incredibly exciting time in renewable energy procurement.

Now, more than ever before, it is important to understand how PPAs and other forms of corporate sourcing can help to make your electricity supply greener, cheaper and more efficient. Read on to understand the benefits, get inspired, and learn how the market is developing. And of course how you can do it too!

What drives companies to source renewables?
Across the world, there is an urgent need for new energy flows from secure sources. The world is also becoming more electrified. Crucially, corporates want to play their part in limiting global warming, by sourcing cheap, clean electricity to reduce Scope 2 emissions. Renewable corporate sourcing was developed to help realise these aims.

Many companies have committed to a 100% renewable electricity supply globally (through the RE100 initiative), and corporate sourcing has become a major business opportunity, boosting the economic competitiveness of corporates and reducing their carbon footprint.
What are the benefits and how to start?

Predictability and shielding from market volatility

Corporate PPAs allow companies to pay a fixed price for energy over a period of years, reducing electricity cost volatility and generating savings on energy bills over the long term. On-site production of renewables and energy storage provide predictable and independent energy sourcing.

Decarbonisation

Tracking your renewable energy consumption and investing in renewable energy deployment is an efficient and affordable way for companies to lower their greenhouse gas emissions.

Corporate social responsibility

Corporate sourcing allows your business to show its social awareness and positive impact in the community.

So what are you waiting for?

Get started with RE-Source’s Energy Buyers Toolkit.

Get inspired! What are your peers doing?
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How can policymakers support power purchase agreements?
All reports
Report
RE-Source's corporate PPA guide: how to help more corporates sign renewable power purchase agreements
How is the PPA market growing?
Tool
PPA deal tracker
Check how the corporate power purchase agreement (PPA) market is growing in Europe, by sector, country, and company.
Our mission

RE-Source is a business network and intelligence platform working with corporations and policymakers to educate and encourage renewables-based industrial transformation. Our core goal is to support the growth of market-based corporate renewable energy procurement tools by making it easier for companies to find the right information and partners, and then take action. By engaging policymakers, we promote the benefits of corporate procurement and contribute to a political environment which avoids unhelpful market intervention and encourages high corporate participation.