The increase in activity was driven by sustainability initiatives and the increasing cost-competitiveness of renewables, BNEF said. The International Renewable Energy Agency reported earlier this month that the cost of solar is set to fall by half within the next two years, which will make it, along with onshore wind, the cheapest form of electricity generation. . . .
This surge in corporate PPAs came “despite question marks about how evolving policy could affect corporate procurement in the U.S. and Europe, the two largest markets”, the research house said. “ Activity in the United States persists despite a tumultuous political climate and cheap wholesale power.”