Not only the world's leading countries compete who will faster achieve the 100% renewable energy consumption. Leaders of the world business – large corporations, which set the trends for other companies in the world – held the similar competition.
Clean Energy Market for Corporations
Large corporations are heading to renewable energy consumption. In 2018 they purchased 13.4 GW of clean energy. This is twice as much as it was in 2017, according to Bloomberg NEF. Direct Power Purchase Agreements (PPAs) were concluded in 21 countries with the participation of 121 corporations. More than 60% of that figure – was on the USA market, where the total volume of transactions reached 8.5 GW. Facebook has become the biggest buyer, having purchased more than 2.6 GW.
In Europe, Middle East and Africa corporations have gained record level of clean energy concluding the contracts of 2.3 GW.
Companies in Asia-Pacific region concluded the contracts at a record 2 GW – that is more than the previous two years in total. This activity mainly took place in India and Australia, where about 1.3 GW and 0.7 GW of net energy were purchased. A clear trend was felt the most in 2018: 37 companies joined the initiative group RE100 to switch to 100% clean energy. For comparison, at the time of its creation in 2014, the group consisted of 13 members, and now 155 world corporations carry out the transition to free energy. Microsoft, Ikea, Johnson & Johnson, General Motors, Apple, Bloomberg LP, The Carlsberg Group, Coca-Cola European Partners, Crédit Agricole Group, Danone, eBay, Facebook, Google, The LEGO Group, Nestle, Unilever and many others are among them.
The average rate of transition to 100% free energy among participants – by 2026. Some RE100 members have already reached this goal and are moving further, for example, Apple has 100% provided its data centers with clean energy since 2013.
Global business leaders make the most of their efforts and resources to complete transition to the energy of the sun and wind. These steps will reduce carbon emissions and save billions on company retention.
The Ukrainian KNESS Group in 2018 announced that thanks to its three PVPP built, a positive energy balance was achieved – the company now produces more energy than its plants and offices consume. Indian Railways CaseSource: http://bit.ly/2Y18p9u
The Indian railways will soon work on a clean energy generated by PVPP with a capacity of 30GW. The State Railways Operator, Indian Railways, is planning to build solar power plants on the land of 51,000 hectares in total, which will save $4.3bn annually.