Corporate sourcing of renewables
Declining costs of renewables and the growing demand for corporate sustainability from investors and consumers have made it increasingly attractive for corporations to invest in or purchase renewable energy to satisfy their energy demand. As a result, many leading corporate players worldwide have committed to ambitious renewable energy targets. Many are operating in the European markets, including 70 European companies that have set a 100% renewable energy target.
With the right policy framework in place, this growing corporate demand for renewable energy has the potential to accelerate the energy transition and contribute to meeting climate targets. From a renewable energy developers perspective, the corporate demand is creating new opportunities to finance existing or develop new renewable energy projects.
Gathering leading corporate buyers and renewable energy project developers, this session will explore the latest developments, future opportunities, and the necessary framework conditions for Europe to capture the potential of an increasing corporate demand for renewable energy.
Jointly organised by the European Commission, the International Renewable Energy Agency and the RE-source Platform, the session will feature the European release of IRENA's Global Reference Index for Corporate Sourcing of Renewable Energy (the IRENA REmade Index) and the official launch of the RE-source platform: Europe's platform to pool resources and coordinate activities to promote a better framework for renewable energy sourcing