Market Overview

The Global Market for Corporate, Utility-scale Offsite Renewable Energy Procurement is Expected to Reach $15.6 Billion by 2027

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The anticipated growth of this market is dependent on the
emergence of flexible contracting mechanisms

A new report from Navigant
Research
examines the global market for corporate buyers'
procurement of renewable energy from utility-scale, offsite renewable
energy (ORE) projects through 2027.

To reduce greenhouse gas emissions, many large multinational
corporations, universities, and municipalities, referred to as corporate
buyers, are going beyond installing onsite renewable energy systems and
engaging in innovative transaction models to procure renewable energy
from utility-scale offsite renewable energy (ORE) projects. These models
can help corporate buyers meet sustainability and energy spend reduction
goals while reducing power market risks for project developers and
independent power producers (IPPs). Click
to tweet
: According to a new report from @NavigantRSRCH,
the global market for corporate, utility-scale ORE procurement is
expected to reach $15.6 billion by 2027.

"Renewable energy project developers and IPPs are increasingly required
to compete with traditional electricity generation sources, and the
resulting uncertainties in long-term income streams will affect the
bankability of renewable energy projects," said William Tokash, senior
research analyst with Navigant. "These new renewable energy transaction
models will not only help corporate buyers meet their sustainability and
energy spend reduction goals, but over time will help mitigate project
bankability risks for project developers and IPPs."

Asia Pacific is expected to be the largest region for utility-scale ORE
procurement, where annual power capacity and revenue are forecast to
reach 9.2 GW and $7.9 billion by 2027. The second largest region is
projected to be North America, which is expected to reach 2.7 GW and
$3.1 billion in 2027. The anticipated growth of these markets is
dependent on the emergence of flexible contracting mechanisms that allow
for the creditworthy benefits of a corporate buyer to be recognized by
project developers and IPPs.

This Navigant Research report, Corporate
Utility-Scale Offsite Renewable Energy Procurement Solutions
,
analyzes the global market for corporate utility-scale ORE procurement
solutions. The study examines the key drivers, barriers, and transaction
models related to corporate buyers' procurement of renewable energy from
utility-scale ORE projects. Four transaction models are covered: virtual
(physical) power purchase agreements (PPAs), virtual (financial) PPAs
(also known as contracts for difference, or CFDs), green direct access
tariffs, and community renewables. Global market forecasts for power
capacity and revenue, segmented by generation type (solar PV and wind),
transaction model, and region, extend through 2027. The report also
examines the regional market landscapes, future market developments, and
trends for the procurement of renewable energy from utility-scale ORE by
corporate buyers.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team's research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant's
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant's
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, 
Corporate Utility-Scale Offsite Renewable Energy
Procurement Solutions, is a summary and reflects Navigant Research's
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results
may differ materially from those contained in this press release or the
report. Please refer to the full report for a complete understanding of
the assumptions underlying the report's conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

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