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International Renewable Energy Agency reports on companies across 75 nations sourcing renewable energy

Edie 29th May 2018,A new report from the International Renewable Energy Agency (IRENA) found
that corporates have actively sourced renewable energy equivalent to the overall demand of France, but renewables demand could soar if companies turned voluntary agreements into active goals.

The new IRENA report, published at last week’s Clean Energy Ministerial meeting in Copenhagen,
found that more than 2,400 companies across 75 nations sourced 465TWh of renewable energy in 2017. The report found that more than half of the companies studied are voluntarily procuring and investing in onsite generation or purchasing agreements to power their operations with renewable electricity.

Of the companies listed in the study, more than 200 are sourcing 50% or more of their energy from renewables. According to IRENA, 100% of active corporate sourcing of renewable electricity is “already feasible”, but the report found that just 17% of the companies listed had a renewable electricity target in place and three-quarters of these targets are set to expire before 2020.

June 1, 2018 - Posted by Christina Macpherson | 2 WORLD, renewable