Member companies ask EU governments to unlock renewable energy sourcing for corporates

Published: 14 Dec 2017
Type: News

Today, over 50 member companies of WBCSD, SolarPower Europe, Wind Europe and RE100 have asked EU Member States to remove barriers to corporate renewable Power Purchase Agreements (PPAs) and set a clear target of at least 35% renewable energy by 2030.

As EU Member States are about to gather for the Energy Council meeting on the 18th of December 2017, a group of multinational companies and organizations, members of RE100, WBCSD, SolarPower Europe and Wind Europe, is committing to the acceleration of renewable energy deployment. In a letter to the EU energy ministers and permanent representatives, over 50 companies are asking policy makers to unlock the potential corporate renewable PPAs, largely untapped in Europe until now.

The signatories of this declaration, including large energy consumers in the IT, chemicals, heavy industries and other sectors are requesting the post 2020 Renewable Energy Directive (RED) to lift all regulatory barriers to corporate renewable PPAs and empower producers to directly market their green electricity. By ensuring those stable and predictable policies, signatories are convinced that a target of at least 35% renewable energy can be delivered by industries by 2030.

More on the RE-Source platform: RE-Source is the first and only multi-stakeholder platform in Europe bringing together the interests of both renewable energy corporate buyers and sellers, to unlock the potential of a new and promising financing stream for renewable energies. The RE-Source platform has been established by SolarPower Europe, WindEurope, RE100 and WBCSD.

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