Rocky Mountain Institute (RMI) | By: Katherine Chrisman & Mark Porter | November 28, 2017:
Over the past decade, China has become the world’s leader in wind and solar capacity. Traditionally, China’s electricity structure has been closed off to most forms of corporate renewable procurement. But as a growing number of companies commit to reduce their carbon emissions and increase the amount of renewable energy they consume, reforms over the past two years have created new opportunities for companies in China to use cleaner power. These companies can help China increase its wind and solar capacity by 40 percent by 2020 over 2016 levels.
Given the new opportunities that are emerging as China reforms its power sector, many companies are not aware of their options. Rocky Mountain Institute’s new report, State of the Market 2017: Corporate Renewable Procurement in China, lays out China’s power sector landscape and the procurement options available to corporate buyers.
The report is the result of 18 months of in-depth research, consultation, and interviews with more than 60 corporate buyers, over a dozen local developers, local grid companies, dispatch centers, intermediaries, and other NGOs working in the space by the Business Renewables Center China (BRC China).
In July 2017, more than 50 participants came together for BRC China’s first intimate and interactive two-day workshop in Beijing where participants collectively identified the barriers to transacting and sketched out potential solutions.
The report includes the research that informed that discussion, insights gained during the workshop, and subsequent follow-on investigation.
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To read full report, in PDF format – please click here.
