This post was originally featured in our recently published Q2 Renewables Market Report – a comprehensive assessment of current power purchase agreement (PPA) pricing developments, policy updates, insights on PPA evaluation, and trends shaping the global renewable energy market. Download a copy of the full report.
Halfway through 2021, corporate PPA announcements are on par with that of 2020. Q2 saw over 5,200 MW in announced contracts. The tech sector continues to be the largest purchaser with the three giants — Amazon, Facebook, and Google — responsible for almost 3,600 MW of the 5,975 MW added this year.
North American Offsite Renewable Energy Power Purchases by Sector
Source: BloombergNEF, Q2 2021 and Edison Energy
However, the largest single agreement this quarter was signed by TotalEnergies, a multinational oil and gas company formerly known as Total Group, for 1,000 MW in Houston. This is TotalEnergies’ first foray into the North American corporate PPA market; it had previously signed 3,000 MW of solar capacity in Spain which is the largest corporate deal currently on record.
Learn more about corporate PPA deals in Europe on our European subsidiary Altenex Energy’s website. Join the Altenex Energy team at RE-Source 2021 in Amsterdam, Netherlands on October 14-15! Edison Energy is sponsoring this event, which is Europe’s leading forum for corporate renewable energy sourcing. Click here to find out more about RE-Source 2021.