{"id":27504,"date":"2019-01-29T06:55:23","date_gmt":"2019-01-28T20:25:23","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=27504"},"modified":"2019-01-29T06:55:23","modified_gmt":"2019-01-28T20:25:23","slug":"renewable-energy-ppa-mb0917","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/","title":{"rendered":"New Record Set For Corporate Clean Energy PPAs In 2018"},"content":{"rendered":"<div id=\"attachment_27505\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-27505\" class=\"size-large wp-image-27505\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa-1024x602.jpg\" alt=\"Renewable Energy Power Purchase Agreements\" width=\"1024\" height=\"602\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa-1024x602.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa-300x177.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa-768x452.jpg 768w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><p id=\"caption-attachment-27505\" class=\"wp-caption-text\">Image: <a href=\"https:\/\/pixabay.com\/en\/energy-environment-ecology-power-1989341\/\" target=\"_blank\" rel=\"nofollow noopener\">seagul<\/a><\/p><\/div>\n<p>BloombergNEF (BNEF) reports corporations across the world entered into agreements covering 13.4GW of renewable energy capacity in 2018, more than double 2017&#8217;s figure of 6.1GW.<!--more--><\/p>\n<p>BNEF states clean energy contracts were signed by 121 corporations in 21 different countries over the course of last year.<\/p>\n<p>More than 60% of the 13.4GW figure occurred in the U.S., where 8.5GW was purchased, nearly triple the amount signed in 2017. In the Asia-Pacific (APAC) region, companies inked a record 2GW of deals. Practically all of this occurred in India (1.3GW) and Australia (0.7GW).<\/p>\n<p><a href=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/corporate-ppa-volumes.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-27506\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/corporate-ppa-volumes.png\" alt=\"renewable ppa volumes\" width=\"794\" height=\"574\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/corporate-ppa-volumes.png 794w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/corporate-ppa-volumes-300x217.png 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/corporate-ppa-volumes-768x555.png 768w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><\/a>In the image above, it mentions that Australian sleeved power purchase agreements are not included. So, what is a sleeved PPA?<\/p>\n<p>There are three main types of PPA, on-site, direct (aka sleeved or physical) and financial (also known as virtual, synthetic or contract for difference). Just briefly:<\/p>\n<ul>\n<li>In an on-site PPA, a developer builds a facility on the buyer&#8217;s property and electricity is supplied direct to the premises. The developer pays for the installation and assumes the responsibilities for its operation and maintenance.<\/li>\n<li>In the case of a direct PPA, the seller delivers renewable electricity to the purchaser from an off-site facility, usually via an electricity retailer intermediary. In a direct PPA, the purchaser takes legal title to the energy.<\/li>\n<li>In a financial PPA, the buyer pays a fixed price for renewable energy from an off-site facility, but the electricity generator sells the energy on the open market. If the price received is higher than what the buyer has paid, it receives the difference. If the price is lower, then the buyer pays the difference.<\/li>\n<\/ul>\n<p>BNEF&#8217;s head of corporate sustainability, Jonas Rooze, says clean energy and decarbonisation targets align with overall corporate strategies of companies serious about sustainable growth, while creating a huge number of opportunities for renewables developers, utilities and investors.<\/p>\n<blockquote><p>\u201cCorporations have signed contracts to purchase over 32GW of clean power since 2008, an amount comparable to the generation capacity of the Netherlands, with 86% of this activity coming since 2015 and more than 40% in 2018 alone,&#8221; <a href=\"https:\/\/about.bnef.com\/blog\/corporate-clean-energy-buying-surged-new-record-2018\/\" target=\"_blank\" rel=\"noopener\">stated Mr. Rooze<\/a>.<\/p><\/blockquote>\n<p>More from BNEF&#8217;s 1H 2019 Corporate Energy Market Outlook <a href=\"https:\/\/about.bnef.com\/blog\/corporate-clean-energy-buying-surged-new-record-2018\/\">can be found here<\/a>.<\/p>\n<p>2019 has also started out strong for corporate power purchase agreements. A couple recent deals we&#8217;ve covered in the last week or so relate to <a href=\"https:\/\/www.solarquotes.com.au\/blog\/google-solar-power-mb0912\/\">Google<\/a> and <a href=\"https:\/\/www.solarquotes.com.au\/blog\/solar-ppa-facebook-mb0914\/\">Facebook<\/a>.<\/p>\n<p>While renewables-based PPAs are proving to be very popular among corporates as a way of reducing energy costs and slashing emissions, for smaller businesses in Australia installing and owning solar panels on the rooftops of their premises can achieve the same. Given the plummeting costs of solar energy in Australia, these days if a business can afford to pay its electricity bills then it can afford <a href=\"https:\/\/www.solarquotes.com.au\/commercial-solar-guide.html\">commercial solar power<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BloombergNEF (BNEF) reports corporations across the world entered into agreements covering 13.4GW of renewable energy capacity in 2018, more than double 2017&#8217;s figure of 6.1GW.<\/p>\n","protected":false},"author":17,"featured_media":27505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-27504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New Record Set For Corporate Clean Energy PPAs In 2018<\/title>\n<meta name=\"description\" content=\"Corporations across the world entered into agreements covering 13.4GW of renewable energy capacity in 2018, more than double 2017&#039;s figure of 6.1GW.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Record Set For Corporate Clean Energy PPAs In 2018\" \/>\n<meta property=\"og:description\" content=\"Corporations across the world entered into agreements covering 13.4GW of renewable energy capacity in 2018, more than double 2017&#039;s figure of 6.1GW.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-28T20:25:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#\/schema\/person\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"New Record Set For Corporate Clean Energy PPAs In 2018\",\"datePublished\":\"2019-01-28T20:25:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/\"},\"wordCount\":464,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.solarquotes.com.au\/blog\/renewable-energy-ppa-mb0917\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/01\/renewable-ppa.jpg\",\"articleSection\":[\"General Solar &amp; 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India has seen a 117% compound annual growth rate in rooftop PV since April 2013 and 715MW of rooftop solar was installed this financial year.\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Rooftops solar power in India","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/india-rooftop-solar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/india-rooftop-solar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/india-rooftop-solar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/india-rooftop-solar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":80254,"url":"https:\/\/www.solarquotes.com.au\/blog\/bloomberg-battery-price-falls\/","url_meta":{"origin":27504,"position":2},"title":"Breaking the $140 Barrier: BNEF Reports Record Low Battery Prices","author":"Richard Chirgwin","date":"November 28, 2023","format":false,"excerpt":"Battery prices have begun falling again after rising during 2022, according to Bloomberg New Energy Finance (BNEF). According to analysis announced yesterday, BNEF says average lithium-ion battery pack prices have dropped to US$139 per kilowatt-hour after ending last year, hitting $161\/kWh. 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