We are proud of the positive contribution we are making to the UK`s energy mix. Our wind farms generate enough electricity to power more than 3.2 million people a year (enough to power Glasgow and Cardiff!). We have built more offshore wind farms than any other company in the world and have installed more than a quarter of the current market capacity. And we`re growing up. In this model, the buyer of the business relies heavily on the supplier that provides the sleeving, set-up and clearing functions. This increases the complexity of the energy supply contract and reduces the flexibility to switch suppliers. Depending on the supply agreement between the company`s purchaser and the electricity supplier, the electricity supplied may be limited to a given site of the company`s buyer. Adding all these factors together, the model does not simply allow flexibility for multi-buyers.   From the boiler room to the meeting room: optimizing the energy mix of companies – renewable energy can transform energy risks into added value, EY Report, 2014, available at: www.ey.com/Publication/vwLUAssets/EY_-_Optimizing_the_corporate_energy_mix/$FILE/EY-Optimizing the corporate-energy-mix.pdf , available January 2, 2020.
 The PiE Interview: PPA-Spezialist, Ecompany, Power in Europe, 11 February 2019. The growth of cppA`s renewable energy market depends in part on the development of the pool of potential electricity buyers, as the market is still in its infancy, according to the firm.  5.4 GW of clean energy was purchased by companies in 2017, up from the initial record of 4.4 GW in 2015. Mint Selection, “Corporate PPAs In Renewable Energy” April 10, 2019, available at: www.mintselection.com/corporate-ppas-in-renewable-energy/, Appeal February 3, 2020.  EFET launches the standard business power purchase contract, Platts European Power Daily, 20 June 2019.  Everoze, Our essential nursery sheet for top 3 PPA models, February 2018, available at: everoze.com/ppa-models/, available January 5, 2020. Rsted wind farms generate enough electricity each year to power more than 13 million people worldwide. We have built more offshore wind farms than any other company in the world and have installed more than a quarter of the current market capacity.
And we continue to grow. As a global leader, we have the size and experience to provide them with a green business PPP that your business can count on. By 2025, we will expand our offshore wind capacity to 15 GW and provide green energy to more than 30 million people and commit to investing significantly in renewable energy generation worldwide. CPPAs are not a new phenomenon, but the magnitude and frequency of transactions with CPPA has increased significantly. According to Bloomberg New Energy Finance (BNEF), the clean energy produced by CPPa increased by almost 20% in 2017 (from 2015).  In 2018, BNEF estimates that large companies have purchased 13.4 GW of renewable electricity from generators through CPPAs, more than double what it had in 2017.  Due to the growing demand from companies seeking to decarbonize, the CPPA market is expected to continue to grow as global groups shift to this market for renewable energy supply solutions. BNEF estimates that the signatories of the RE100 initiative alone will have to finance about 102 GW of new solar and wind projects worldwide to meet their 2030 commitments.  For businesses and industries, it is increasingly important to reduce their environmental footprint in order to improve the “green and social brand” of their products and services. Many instruments can be used for this purpose, but in recent years the Enterprise Power Agreement (CPPA) is the form of the contract, which is increasingly used.