Borealis is a world leading petrochemicals company that has committed to getting 50% of its electricity from renewable sources by 2030, up from 7-10% expected by the end of 2019. While a big step for Borealis, it is a small step compared with that taken by Google, the world’s largest corporate buyer of renewables. It already matched all its energy use with renewables contracts back in 2017. What both companies have in common is a vision to be able to prove that every electron at every moment is green.
The two corporations were among more than 100 buyers at the annual event of the European platform for corporate renewable energy sourcing (RE-Source), an alliance of renewable energy buyers and suppliers held in Amsterdam, the Netherlands, on October 2, 2019. The steering committee of RE-Source is made up of a mix of companies from the tech, consumer goods and electric utility sectors, and includes Google, Amazon, Heineken, IKEA, BT, Danone, Enel and Engie. It is backed by the European Commission.
Germany is exploring the potential of PPAs to provide revenue to owners of wind farms and photovoltaic installations after state support expires in the coming years
Expectations are high that the Principles for Sustainable Banking can push banks to change their balance sheets and businesses in line with climate action and other big societal issues
Companies and finance providers need legislative frameworks that move everybody in the same direction at the same speed, but they can, and should, do much more themselves to fight climate change
Maximising the potential of the world’s first fuel
Schleswig-Holstein, Germany is testing how a 100% renewable power system can be achieved with internal low voltage distribution networks, flexible consumption and generation from local production points