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IRENA report: Corporate Sourcing of Renewables

Wednesday, 30 May 2018

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The recently released IRENA report on the corporate sourcing of renewable energy examines the practices of over 2,400 companies around the world. The report finds that the analyzed companies actively consumed about 465 terawatt-hours (TWh) of renewable electricity in 2017, which is a similar magnitude to the electricity consumption of France. In total, 64% of the world's end-use of electricity is consumed by the commercial and industrial sector.

Production for self-consumption was the predominant method of sourcing renewable electricity in 2017. A total of 165 TWh of renewable electricity was sourced this way. Followed by unbundled energy attribute certificates (EACs), at 130 TWh. The third largest was Corporate power purchase agreements (PPAs) at 114 TWh.

In order to achieve the global energy transformation necessary to meet th...

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