BloombergNEF: Record year for PPAs

Wind Industry Profile of

Corporations purchased 31.1 gigawatts of clean power through long-term contracts, largely driven by activity in the U.S. and from large technology companies

Corporations bought a record 31.1 gigawatts of clean energy through power purchase agreements, or PPAs, in 2021, up nearly 24% from the previous year’s record of 25.1GW according to research firm BloombergNEF (BNEF). Over two thirds of this purchasing (65%) occurred in the U.S. However, also underpinning the strong growth is a surge in activity from the largest technology companies, who collectively signed over half of the deals. Clean energy contracts were publicly announced by more than 137 corporations in 32 different countries in 2021, according to BNEF’s 1H 2022 Corporate Energy... ... More: Official Press Release BloombergNEF

Keywords:

BloombergNEF, PPA, power purchase agreements, corporate, USA, GW, outlook, clean, renewable energy, technology companies