2022 was marked by a deep energy crisis, with various gaps in global supply.
This situation has encouraged a large number of companies to invest in renewable energy, which has led to a significant increase in power purchase agreements (PPAS). These projects attempt to generate clean energy at a high cost to reduce electricity rates for companies in various countries around the world. This is highlighted by Vatios Verdes, an energy consultancy that helps homes and businesses install solar panels and transition to renewable energy.
The use of renewable energy is increasing around the world
They registered an increase in the PPA number in 2022, with a total of 36.7 gigawatts of renewable energy, which represents more than 18% in 2021, due to the investment of various companies around the world. The countries of Latin America and Latin America lead this process, with an increase of around 18%, which translates into a total of 24.1 gigawatts. In the North American region, many companies have adopted the virtual PPA model, an easier option for customers to sign up for, allowing them stable access to electricity and protecting themselves from spikes in energy prices.
Another region that showed significant growth in PPA is the Asia Pacific region, which doubled its renewable energy capacity to 4.6 gigawatts. This process is led by India and Australia, but significant growth has also been reported in Japan, China and South Korea. On the other hand, this modality fell by around 7% in the European region, which aims to recover in this regard from 2023, through the reforms in the electricity market proposed by the European Commission.
Benefits for companies with alternative energy
There are several reasons that drive various companies to sign a PPA. These types of agreements not only represent better electricity rates for companies, but also help them move towards a clean source of energy and, in this way, come closer to achieving different environmental sustainability goals. This fact has driven the entire growth in the use of renewable energy, which represents a different situation for developers in this type of project, such as Vatios Verdes.
This industry consultancy specializes in helping homes, businesses and offices optimize their energy consumption, as well as installing solar panels for the use of renewable energy. With these efforts, Vatios Verdes unites actors seeking to reclaim the ground in Europe in terms of the use of clean energy and to provide effective solutions for the transition to an energy model free of polluting emissions.