Number of PPAs Broke All Records in 2019

Wind Industry Profile of

Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2019, up more than 40% from the previous year’s record.

The majority of this purchasing occurred in the United States, but also underpinning the strong uptrend is a surge in corporate sustainability commitments around the world. BloombergNEF (BNEF) finds in its 1H 2020 Corporate Energy Market Outlook, published today, that some 19.5GW of clean energy contracts were signed by more than 100 corporations in 23 different countries in 2019. This was up from 13.6GW in 2018, and more than triple the activity seen in 2017. Put in context, the 2019 total was equivalent to more than 10% of all the renewable energy capacity added globally last year... ... More: Official Press Release BloombergNEF

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Bloomberg, PPA, Power Purchase Agreement, USA, renewable energy, USA, market, record, corporation, 2019, technology, GW, reshaping, oil, gas