RE100 Progress and Insights Report, January 2018

APPROACHING A TIPPING POINT: how corporate users are redefining global electricity markets

SIGNIFICANT RE100 GROWTH

– 122leadingcompanieshavecommittedtosourcing 100% renewable electricity.

– Their collective electricity demand is over 159 terawatt hours per year (TWh/yr) – this is more than enough to power Malaysia, New York State or Poland, and is a 49% increase on last year’s membership.

– If RE100 were a country, it would be 24th biggest in the world in terms of electricity use1.

– Suppliersandpeersarebeingincreasinglyinfluenced by members.

RE100 MEMBERS ARE ADDING RENEWABLE ELECTRICITY CAPACITY TO THE GRID

– 25companiesachievedtheir100%targetbytheend of 2016.

– On average, RE100 members are sourcing 32% of their electricity from renewables.

DIRECT INTERVENTION AND DIVERSIFICATION OF ENERGY MARKETS

  • –  Renewablepowerconsumptionfromcompaniesgrew, with the proportion of procurement from offsite grid-connected generators (Power purchase agreements – PPAs) increasing more than fourfold in one year, from 3% to 13%.
  • –  Purchase from on-site installations owned by a supplier has increased x15.
  • –  56 companies generated some of their own electricity on site in 2016, increasing generation ninefold on the previous year.

BETTER COST COMPETITIVENESS OF RENEWABLES IMPROVING THE BUSINESS CASE

– 88%ofrespondingmemberscitetheeconomiccase as an important driver for their RE100 commitment.

– 30 out of 74 respondents reported that switching to renewable electricity was cost competitive or resulted in cost savings on their energy bills.

Click here for the complete REPORT

About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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