How additionality in corporate procurement strategies can drive investments in renewables

Corporate Buyers have the great power to enable new renewable projects in Europe with signing long term offtake contracts, which are required by lenders as a security for financing the project. Recently, there has been a pause in speed of signing new long-term contracts, partly due to expected government subsidies for new hydrogen projects that require renewable power, and partly due to lower business case in saving energy costs with such long-term contracts for power. This session will try to analyse potential pathways to overcome the current market situation, when many new renewable projects are ready to be built but wait for the right mix of long-term offtake contract and project finance.