Policymakers Need to Facilitate PPAs in Europe

Wind Industry Profile of

Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone.

This shows that more and more companies are stepping up to the challenge of reducing carbon emissions with renewable electricity, in line with the EU’s plans for a green economic recovery. With its Green Deal, the EU is aiming to become carbon neutral by 2050. Today businesses account for a significant amount... ... More: Official Press Release WindEurope

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WindEurope, policy makers, PPA, Europe, wind farm, energy, renewables, energy sector, company, investment, CO2, emissions, decarbonisation, government