The region was hit hard by the Covid-19 pandemic and the economic downturn. Latin America also had a down year, with PPA volumes dropping from 2GW in 2019 to 1.5GW in 2020. The first half, coinciding with the start of the pandemic, was particularly subdued, with companies announcing just 4.3GW of corporate PPAs in the U.S.

in 2020, down from 14.1GW in 2019 – the first year-on-year drop since 2016. Companies announced 11.9GW of corporate PPAs in the U.S. was once again the largest market, but was less dominant than in previous years. To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas.” election further complicated long-term decision-making for companies. Question marks before – and after – the U.S. Kyle Harrison, BNEF senior associate and the lead author of the report, commented: “Corporations faced a wave of adversity in 2020 – internal corporate functions were disrupted on the outset of the pandemic, and many companies saw revenues plummet as global economies buckled. Underpinning the market is surging stakeholder interest in corporate sustainability and expanding access to clean energy globally. energy policy ahead of the presidential election.īNEF finds in its 1H 2021 Corporate Energy Market Outlook that clean energy contracts were signed by more than 130 companies in sectors ranging from oil & gas to big tech. The increase came despite a year devastated by the Covid-19 pandemic, a global recession and uncertainty about U.S.

New York and London, Janu– Corporations purchased a record of 23.7GW of clean energy in 2020, up from 20.1GW in 2019 and 13.6GW in 2018, according to new research published by BloombergNEF (BNEF). Corporations purchased a record 23.7GW of clean power through long-term agreements, propelled by growth in new markets

Purchase outlook 2020