Route to green energy: Asia Pacific's corporate Renewable Procurement 2023
Fill in the form to get a complimentary copy.
A new record in contracted PPAs as renewable energy cost decline
Asia Pacific corporate renewable power purchase agreement (PPA) market set a record with 31.4 GW of contracted PPAs expected by the end of 2023. This marks a 35% increase from the 23.2 GW recorded in 2022.
How quickly is the corporate renewable PPA market growing in the region? Can corporations go green while saving money? Which clean energy is the most competitive corporate PPA resource?
Fill in the form on the right column to get an executive summary.
Discovering new trends and growth opportunities
Key drivers
Key drivers
The corporate PPA market continued to grow driven by high end-user tariffs and relatively low levelised costs of renewable power.
By technology
By technology
Solar continues to dominate the corporate PPA capacity share accounting for 52% of the cumulative contracted PPA as of H1 2023.
62 RE100 companies in APAC signed CPPA
62 RE100 companies in APAC signed CPPA
Japanese RE100 companies lead the charge signing renewable PPAs in Asia Pacific, overtaking US and Europe-based companies.
About the Insight
This insight is part of Wood Mackenzie's Asia Pacific Power & Renewables Service, which delivers actionable insights for dynamic markets, including long-term power price forecasts beyond 2050. Comprehensive analysis and project tracking of power, solar, wind, storage, and grid edge empowers strategic decision-making in achieving a decarbonized and decentralized electricity market.