Asia Pacific: PPAs to play significant role for decarbonisation

Wind Industry Profile of

Only 10% of region's RE100 companies have signed corporate PPAs

Corporate renewable power purchase agreements (PPA) are starting to play a bigger role in Asia Pacific’s decarbonisation efforts, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). A corporate renewable PPA refers to a contract between a corporate buyer and a renewable power producer to purchase electricity at a pre-agreed price and duration. Wood Mackenzie estimates that corporate renewable PPA volume more than doubled to 3.8 gigawatts (GW) in 2020 compared to the previous year. This is despite projec_ PPAZt delays from labour shortages and logistic disruptions from the pandemic. Wood Mackenzie senior analyst Rishab Shrestha said: “Corporate renewable procurement is on the rise... ... More: Official Press Release Wood Mackenzie

Keywords:

Wood Mackenzie, Asia Pacific, PPA, renewable energy, RE100, commitment, power purchase agreement, production, energy, corporate, decarbonisation, tariff