As the global focus on decarbonization intensifies, corporations are increasingly recognizing the importance of transitioning to renewable energy sources to reduce their carbon footprint and meet ambitious environmental goals. Renewable energy procurement offers a vital pathway for companies to actively participate in the global shift towards clean energy and contribute to a greener future.
This report aims to provide a comprehensive analysis of the diverse options available to corporates for renewable electricity procurement. Specifically, the focus will encompass three prominent approaches that have the potential to create additional impact: by directly purchasing Energy Attribute Certificates (EACs), Power Purchase Agreements (PPAs) or Virtual Power Purchase Agreements (VPPAs).
STRIVE by STX’s energy experts and policy analysts shed light into the unique features, benefits, and considerations of each approach, so each company can fully understand and decide the option that align with their sustainability aspirations and financial goals.