Growing renewable power: Companies seizing leadership opportunities

Corporate demand for renewable power is continuing to grow despite 2020’s challenges, as shown by this year's RE100 Progress and Insights Annual Report.

However, ambitious companies are being held back by limited availability, regulatory complexities and the resulting higher costs in some markets. Governments have more to do to take advantage of business demand to go green.

RE100 annual report cover 2020

Key findings

Growth and diversity

The RE100 membership continues to grow and diversify - with 42% of new members coming from the Asia-Pacific region. 

Steady progress

Members have ambitious targets and are making steady progress towards them - 65 members are now sourcing >90% renewable power.

Creating impact

Members are using more impactful sourcing strategies - power purchase agreements now account for 26% of members’ renewable electricity use (also generating cost savings).

The barriers

Ambitious companies are being held back by limited availability, regulatory complexities and the resulting high costs in some markets.

More challenging markets

Argentina, Australia, China, Indonesia, Japan, New Zealand, Russia, Singapore, South Korea and the Taiwanese market are the most challenging for achieving 100% renewable electricity, according to our members.

The opportunities

Asia-Pacific markets can be challenging markets according to members, but addressing these challenges offers some of the biggest opportunities for clean investment and growth.

PDF

RE100 Annual Report 2020

Size: 5.63 MB

Date added: 16/12/20