Google, Microsoft and Amazon are among the corporate giants named in the steering group of a new European renewable energy initiative launched this week.
The RE-Source platform, launched as part of EU Sustainable Energy Week, also includes the likes of the IKEA Group, Facebook and Danone within the steering group. RE-Source is an alliance of big brands that are buying and supplying clean power in the corporate market. The European network will help streamline and coordinate how green energy is sourced, providing more beneficial financial pipelines for the industry.
“As the world’s largest corporate buyer of renewable energy, we are excited to support the RE-Source platform to accelerate the growth of renewables in Europe,” said Marc Oman, Senior Lead, Energy and Infrastructure, Google.
The platform strives to accelerate investments and facilitate more corporate Power Purchase Agreements (PPAs) across the continent.
Big business continues to show a strong appetite for switching to sustainable energy, with a report released by the International Renewable Energy Agency (IRENA) last month revealing that corporates – across 75 nations – sourced 465 terawatt hours (TWh) of clean power in 2017 – enough to meet the power needs of France.