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EU Policy Renewable Energy: opening markets for corporate renewable energy buyers

RE100 is a global collaborative initiative bringing together 102 influential and multinational businesses that are committed to sourcing 100% renewable electricity globally. Together, they represent demand for over 146 terawatt hours of renewable electricity annually – about enough to power Poland.

These companies have made this highest-level commitment because they know that renewable electricity makes long-term business sense. The technology is ready, unsubsidized costs are competitive, and companies are ready to invest at scale.

Corporate sourcing of renewables represents a major new flow of capital and finance into Europe’s renewable electricity infrastructure. Much of the electricity used by our members in Europe is already from renewable sources, and they are leading the way through a combination of power purchase agreements (PPAs), on-site generation, green contracts and certificates.

IKEA Group, a founding member of RE100, owns more wind turbines than stores and is aiming to produce as much energy as it consumes by the end of the decade. The company has also invested an impressive $1.78 billion (€1.5 billion) in purchasing its own wind and solar power generation equipment since 2009 and in FY15 committed a further $715 billion (€600 million).

Last year, Mars, Inc. signed a PPA for a wind farm in Scotland to power its entire UK operations. Meanwhile, RE100 members Royal DSM, Google, Royal Philips and AkzoNobel joined forces to sign an exciting joint PPA for 350 gigawatt hours per year in the Netherlands.

RE100’s 102 members are:

AB InBev Equinix Philips Lighting
Adobe Facebook Procter & Gamble
AkzoNobel Formula-E Proximus
Alstria Gatwick Airport Rackspace
Amalgamated Bank General Motors RELX Group
Apple Givaudan Ricoh
AstraZeneca Goldman Sachs Royal Philips
Autodesk Google Salesforce
Aviva H&M SAP
AXA Heathrow Airport SAVE S.p.A. Group
Bank of America Helvetia SGS
Bankia HP Enterprise Sky
Biogen HP Inc. Starbucks
Bloomberg IFF Steelcase
BMW Group IHS Markit Swiss Post
British Land IKEA Swiss Re
Broad Group Infosys Tata Motors
BT Group ING TD Bank
Burberry Interface Telefonica
Caixa Bank J&J Tesco
Carlsberg J. Safra Sarasin AG Tetra Pak
Coca-Cola European Partners Kingspan UBS
Colruyt Group KPN Unilever
Commerzbank AG La Poste Vail Resorts
Corbion Landsec Vaisala
Credit Agricole LEGO VF Corporation
Dalmia Bharat Cement L’Occitane VMWare
Danske Bank Marks & Spencer Voya Financial
Dentsu Aegis Network Mars Walmart
Diageo Microsoft Wells Fargo
DNB Nestlé Workday
Ebay Nordea
Elion Novonordisk
Elopak Pearson    

For additional info – or to join the campaign – contact:

Read more: EU policy: opening markets for corporate renewable energy buyers | The Climate Gr

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