A new report titled “Deep Dive into Renewable Energy Procurement” highlights the commitment of over 400 global companies to transition to 100% renewable electricity, with 278 targeting completion by 2030. The report examines various methods of renewable energy procurement, such as on-site generation, power purchase agreements, and supply contracts, each presenting its own challenges and benefits. It underscores the increasing complexity and necessity for businesses to adapt to renewable energy solutions against challenges like oversupply and high demand. The report provides insights into the diverse strategies companies can employ to achieve their renewable energy goals and addresses concerns regarding greenwashing and effective implementation.

Elsewhere in the market, Barito Renewables Energy (IDX:BREN) was trading firmly up 9.7% and ending trading at IDR5,650.00. At the same time, Tokyo GasLtd (TSE:9531) softened, down 4.5% to close at ¥4,627.

First Solar’s upcoming $1.1 billion facility may boost capacity and profitability soon. Click here to explore more about the company’s strategic growth narrative.

In our urgent Market Insights article, we explored how the uncertain tariff landscape impacts automakers’ investment in electric and hybrid vehicle technologies, crucial for the energy transition. Don’t miss out—read it now!

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Sources:Simply Wall St“Renewable Energy Procurement Market Report: Over 400 Global Companies Commit to 100% Renewable Electricity, with 278 Targeting Completion by 2030” from Research and Markets on GlobeNewswire (published 14 April 2025)

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