More and more PPAs by major companies

Wind Industry Profile of

Google, Norsk Hydro and Facebook are leading the growing trend of major companies looking to secure reliable and competitive power from renewable energy and reduce the risks associated with fossil fuel-based power supply. 100 top companies including leading industrial players are already committing to procure 100% renewable power in the short term through Power Purchase Agreements (PPAs).

The Chemicals industry has also emerged as an actor in renewable energy PPAs. Earlier this year, AkzoNobel led a consortium to procure power from the Bouwdokken Wind Park in the Netherlands as part of a commitment to be carbon neutral by 2050. Marco Mensink, Director General of CEFIC, said: “Corporate PPAs are a win-win: whilst enabling long-term contracts, they provide financial... ... More: Official Press Release WindEurope

Keywords:

WindEurope, PPA, Google, Norsk Hydro, Facebook, AkzoNobel