Climate Changed
American Taste for Green Power Deals Is About to Hit Germany
- Companies preparing to lock in power purchase agreements
- Green power subsidies have crowded out growth of PPAs to date
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The American trend toward companies lining up supplies of green electricity directly from wind and solar farms is about to take off in Germany.
Encavis AG and Luxcara GmbH, which are two of the biggest developers of renewables in Europe’s largest economy, said Germany is starting to catch up with Spain and Scandinavian nations in the trend toward so-called corporate power purchase agreements.