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Position paper - Corporate procurement of renewable energy and the Clean Energy Package
Corporate procurement of renewable energy is making a sizeable contribution to energy and climate objectives. In the EU, this business model has yet to live up to its potential compared to other regions of the world, particularly the US, where corporate procurement of renewable energy represents over 8GW.
In order to attract suitable investments, renewable energy projects require high levels of certainty about future power revenues. The Clean Energy Package seeks to change the model for renewable projects after 2020. However, it does not address the hurdles to long term energy contracts which would allow corporate demand for renewable energy to thrive, based on clear and predictable price signals.
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