According to the report ‘Bird & Bird & Corporate PPAs: An international perspective’, large corporations are continuing to set the agenda for the growth of renewable energy across the globe. In 2018, 121 corporations purchased 13.4 GW of clean power directly from generators under a Corporate PPA and 2019 is looking like it could surpass this record.
Corporate PPAs in the Netherlands
Acoording to the report, an increasing number of Corporate PPAs are being concluded in the Netherlands. Corporate PPAs have shown to be an excellent instrument not only to lower the financing costs of renewable energy development but also to raise the sustainable profile of large corporates and create price predictability. Examples are Google, Philips, AkzoNobel, DSM. The winning bids of the subsidy-free offshore wind farm tenders are also backed with long term (corporate) PPAs securing the financing of the projects.
At the same time, long term PPAs with utilities are also still growing, such as the long term PPA
that the Dutch railway entered into for the offtake of the electricity of wind farm Luchterduinen.
Read the full report here.