Companies: Renewable Energy

(asked on 22nd July 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he plans to take in order for the UK Government to assume a leadership role for Power Purchase Agreements (PPAs); whether he plans to arrange workshops and other forums to encourage corporate entities to adopt and increase renewable electricity procurement; and what steps he is taking to encourage the disclosure of PPA strategies pursued by corporate entities.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 10th September 2021

Everyone has a role to play in achieving the UK’s ambitious decarbonisation targets. In November, my Rt. Hon. Friend the Prime Minister appointed my Hon. Friend the Member for Arundel and South Downs (Andrew Griffith MP) as the UK’s Net Zero Business Champion to support the country’s business community to make credible plans to reach net zero by 2050 or earlier.

Power Purchase Agreements (PPAs) are one approach businesses can take to contribute to their decarbonisation effort. We urge corporates to consider ways to make their energy consumption greener. This includes through the uptake and disclosure of ambitious PPA strategies. Given our highly ambitious carbon budget and net zero targets, we anticipate that PPAs will be an important part of the landscape to complement Government mechanisms such as the Contracts for Difference scheme. Officials are investigating whether government can play a role in encouraging further growth in the PPA market.

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