The Asia Wind Energy Association is organizing the first Asia Corporate Energy Day in Singapore on 30 June 2017.
This one day conference will focus on the trends, challenges and implications of Corporate PPAs in response to their increasing demand in the market. It intends to bring together all players in the renewable energy sector to discuss the topic across disciplines and from different angles, including commercial, financial and legal perspectives. We expect around 250 senior executives from the region to attend this event.
The background of this topic is that renewable strategies and green targets are ascending the corporate agendas across the globe. The number of corporations committing to 100% renewable energy is increasing rapidly since the Paris Agreement of December 2015. The increased demand for renewable energy has been positively received by developers and producers that seek to finance new renewable energy projects. Particularly in light of the withdrawal of several national governmental support schemes, corporate power purchase agreements (Corporate PPAs), entered into directly between private sector off-takers and renewable energy producers, are on the rise.
Increasingly the US is seen as a pacesetter but Asia is seeing more activity with governments opening their energy markets while at the same time corporates are trying to full their sustainability goals. Corporate PPAs engage a variety of actors in the renewables space – generators, investors, funders, corporate buyers and suppliers – all of whom have a vital role to play in this market.