45% of reported electricity consumption by RE100 members is now renewable
RE100 member's momentum in sourcing renewable electricity is continuing to grow. 45% of reported electricity consumption by RE100 members is now renewable, up from 41% in the 2020 annual disclosure report.
RE100’s membership has seen its biggest yearly growth in the Asia-Pacific
RE100’s membership has seen its biggest yearly growth in the Asia-Pacific, where 36 new members are headquartered, or 62% of new membership. RE100’s representation in markets where renewable electricity is more difficult for companies to source has increased.
More sourcing of renewable electricity through Power Purchase Agreements than ever before
Members are sourcing more of their renewable of electricity through Power Purchase Agreements (PPAs) than ever before. 28% of reported procurement of renewable electricity is done through PPAs, up from 26% in the 2020 report. New disclosures in 2021 suggest that RE100 members sourcing through PPAs are directly responsible for bringing new renewable electricity capacity to grids: PPAs are strongly associated with facilities less than two years old.
Japan and Republic of Korea are frequently cited as presenting barriers
Japan and Republic of Korea are now the markets most frequently cited by members as presenting barriers to sourcing renewable electricity. This is likely because of increased representation in those markets. This increased representation also means RE100’s voice for policy change is growing stronger in the markets where members currently expect to take longer to meet their RE100 targets.