Big Tech Companies Urge European Leaders to Support Ambitious Renewable Energy Goal

 

Major multinational companies are urging European leaders to set a target for renewables of at least 35% when EU energy ministers meet next week.

Tech giants and global companies such as Amazon, Facebook, Google, IKEA, Microsoft, Philips and Unilever penned a letter to EU energy ministers, saying such an ambitious target would encourage their investment in wind and solar power purchase agreements (PPAs).

According to reuters.com, 50 big firms called on EU energy ministers to lift all regulatory barriers to PPAs, to which firms are increasingly turning to source electricity needed for energy-intensive data centers or to run heavy machinery.

Pointing towards the post-2020 Renewable Energy Directive (RED), the letter urges ministers to set a more ambitious target to send the kind of long-term investment signals that could potentially “unlock” corporate renewable power purchase agreements, which the group of companies says remains “largely untapped”.

According to cleanenergynews.co.uk, the letter was the work of the RE-Source Platform, a collaboration of trade bodies such as the RE100, Climate Disclosure Project and SolarPower Europe, launched to enable greater sourcing of renewable energy by European corporates.

 

Vendors mentioned in this article:

  • Amazon
  • Facebook
  • Google
  • IKEA
  • Microsoft
  • Philips
  • Unilever

 

We are accepting submissions for the 2018 Energy Manager Today Product and Project Awards. The final deadline is December 15, 2017. Learn more here.

 

Practical Guide to Transforming Energy Data into Better Buildings
Sponsored By: Lucid

  
Leveraging EHS Software in Support of Culture Changes
Sponsored By: VelocityEHS

  
Planning for a Sustainable Future
Sponsored By: VelocityEHS

  
Energy Efficiency Playbook - Your Guide to Smarter Energy Management and Savings
Sponsored By: Lucid

  

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now
Translate »