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RE100 ANNUAL REPORT 2017: HOW CORPORATES ARE TRANSFORMING THE RENEWABLE ENERGY MARKET
As government and business leaders gather at the World Economic Forum Annual Meeting in Davos, RE100 unveils its 2017 Annual Report, showing how corporate sourcing of renewable electricity can be a major driver of the shift to a robust, zero-emissions economy. By recognising the compelling business case for renewable electricity, RE100 members are growing demand for renewable energy and helping to move the market away from fossil fuels. For the first time, this year’s report looks at the various approaches to renewable electricity being used by RE100 members in different regions of the world. It also highlights successes of the RE100 campaign over the last year, and looks ahead to 2017-18.
Download the full report here.
CONSUMER-LED ENERGY TRANSITION
As the EU Commission prepares to release a review of the EU Renewable Energy Directive and Market Design Initiative in late November 2016, this RE100 report, prepared by E3G, calls on policy makers to ensure that measures are put in place that would give companies easier access to renewable power in Europe - providing greater control over energy costs and long-term business stability.
Backed by BT, IKEA Group, Google, Nestlé, Royal DSM and Unilever, who all contributed their experiences of working towards 100% renewable power globally, the report argues for continued priority dispatch for renewables and enforceable prosumer rights. RE100 is led by The Climate Group in partnership with CDP.
MAKING CREDIBLE RENEWABLE ELECTRICITY USAGE CLAIMS
Making credible renewable electricity usage claims is a technical deep-dive into corporate transparency and credibility, and shows companies how to accurately describe their use of renewable electricity.
It is authored by members of the RE100 Technical Advisory Group, which provides RE100 companies with best practice guidance on the use of renewable power, to help them progress their journeys to being 100% powered by renewable electricity.
This briefing has been one year in the making, in consultation with RE100 companies and industry stakeholders. It is described as a “must read” for business.
RE100 ANNUAL REPORT 2016: COMPANIES ON AVERAGE HALF WAY TO 100% RENEWABLE POWER
The 2016 RE100 Annual Report reviews the progress RE100 companies are making towards 100% renewable power. The report finds that:
- on average companies in the campaign are half way towards meeting their 100% renewable electricity goals
- those in the retail sector have switched the largest amount of electricity to renewables
- those in the ICT sector are closest to reaching their 100% renewable electricity goals (on average 64%).
Companies are taking different approaches according to sector and location, e.g. IT companies building new research labs and data centers are opting to use power purchasing agreements and on-site generation, and European companies are making the most of credible options to purchase 'green power’ directly from the grid.
INDIA: UNDERSTANDING MARKET CONDITIONS FOR BUSINESS TO GO 100% RENEWABLE
India: Understanding market conditions for business to go 100% renewable sets out options for businesses seeking to switch more of their electricity supply to renewable sources of energy, through direct investments in their own assets, purchased electricity from a third party, or the buying of renewable energy credits.
Because despite adding considerable electricity generation capacity in the last decade, India's energy supply is still not meeting its huge growing demand, and a lack of supply and infrastructure issues means the price of grid electricity is rapidly rising.
Meanwhile, the cost of renewable energy is falling – providing a win-win for the companies that invest now.
This briefing outlines the benefits of switching to renewables, such as greater energy security and protection against cost inflation for consumers.
THE UAE – HUB OF THE NEXT ENERGY REVOLUTION?
Increased energy demand in emerging markets, uncertain energy prices and international pressure to reduce carbon emissions, mean governments and businesses see the economic and security benefits of shifting to clean energy.
The United Arab Emirates (UAE) is at the heart of this shift – the same as it was at the heart of the last energy boom. And just as its massive oil reserves provided a springboard for the incumbent energy revolution, its huge solar resources and cutting-edge technology development are shaping the region as a hub for the new, clean energy revolution.
Our latest analysis, supported by the International Renewable Energy Agency, provides an overview of the region's current and future renewable energy landscape and explores the UAE’s role in shaping the world’s new energy future.
Uniquely positioned in the world’s solar ‘hot-spot’, UAE is set to be a leader of the world's impressive solar sector growth. It is also learning important lessons from innovative flagship projects in Abu Dhabi and Dubai, which help the government to understand how and where scaling up low carbon technologies can work best.
And while stimulating corporate demand for renewable power in the UAE is still at an early stage, strong signals from the increasing adoption of solar power technologies also indicate growing appetite from the private sector.
CHINA'S FASTRACK TO A RENEWABLE FUTURE
China is the world's biggest investor in the renewable energy market, reaching US$89.5 billion in 2014 alone.
And this low carbon leadership is sending a clear signal to Chinese businesses. They see going renewable as a smart business decision that can provide energy security, help manage fluctuating energy costs, improve reputation and deliver carbon emission reduction goals.
But until recently, the focus of renewable investment in China had been on large-scale utility projects – the supply side of the energy equation. Today though, the central government increasingly sees the opportunity for stimulating businesses – the biggest end users of energy – and has introduced a number of incentive schemes for renewable energy investment that are already attracting interest.
This new report, RE100: China’s fast track to a renewable future, identifies the areas of greatest growth in China's clean energy markets, and explores key renewables opportunities for businesses.
Solar PV emerges as one of the most popular, with rooftop solar projects currently offering the industrial and commercial sectors a payback period of seven to nine years and an 8% rate of return according to China Renewable Energy Industries Association (CREIA) data.
Click the report cover above to read the English version or click here for the Chinese version.
THE JOURNEY TO 100%
To meet the world's growing demand for energy, the most influential companies are finding innovative ways to decarbonize their power use. And the smartest companies are making the boldest commitments of all: to be 100% renewable as an integral part of their business strategies.
This RE100 Insight Briefing Report provides a snapshot of current global trends in corporate demand for, and investment in, renewable power.
Made up of case studies from RE100 corporate partners, the briefing showcases the most popular renewable power technologies, and which industries are the biggest investors with the best financial returns.
RE100: The journey to 100% is the first report of RE100, an initiative of The Climate Group in partnership with CDP, a global campaign working with the world’s most influential businesses on their journeys to becoming 100% powered by renewables.