In the last five years, a tremendous increase in the use of PPAs for renewable energy in Europe can be observed. According to Bloomberg Energy Finance, over 5 GW of corporate PPAs have been signed in the EMEA region since 2013, with a record of 2.3 GW in 2018. Most transactions were concluded in the Nordics with a strong demand from industrials such as Norsk Hydro or Alcoa Corp, but also from international tech companies such as Facebook, Amazon or Google.
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