GWEC and RE100 join forces to accelerate corporate sourcing of renewable electricity in emerging markets
12 March 2020, London – The Global Wind Energy Council (GWEC) is entering a new partnership with The Climate Group’s RE100 initiative to spur greater corporate commitment to renewable electricity sourcing in emerging markets.
GWEC is the neutral representative body for the global wind industry, representing leading wind energy manufacturers, developers, utilities IPPs and service companies. RE100 brings together more than 200 global companies committed to 100 per cent renewable power.
There is strong matchmaking potential between the parties’ member companies on the demand and supply sides of wind energy. This will be particularly impactful in emerging and developing markets across Asia, Africa and Latin America, where many RE100 members have significant operations but limited options for sourcing renewables.
Ben Backwell, CEO of GWEC, said, “Corporate commitment to scaling up renewable energy sourcing and streamlining procurement processes will be crucial to enable the energy transition, and this is particularly significant in the Asia-Pacific region where there is significant industrial activity that still relies on fossil fuels.”
He continued, “We are thrilled to have strengthened our cooperation with RE100 through the agreement signed today, and we are convinced that through our joint efforts we will be able to accelerate the energy transition in emerging and developing wind markets in Asia, Africa and Latin America.”
Sam Kimmins, Head of RE100, The Climate Group, said, “The RE100 membership has grown rapidly in the last year, with over 40% of new joiners from the Asia-Pacific. We are delighted to partner with the Global Wind Energy Council to grow our reach even further. We’ll be applying lessons learnt across Europe and North America to accelerate change on a truly global scale – enabling many more companies to seize the benefits of 100 per cent renewable power.”
Given the common interests and shared objectives of both partners, the MOU paves the way for a cooperative approach to addressing the barriers to corporate sourcing of renewable electricity. This will include joint efforts to encourage greater ambition among private companies of all sizes to power their operations with 100 per cent renewable electricity, and to streamline procurement processes in private markets for wind and renewable power.
GWEC is a member-based organisation that represents the entire wind energy sector. The members of GWEC represent over 1,500 companies, organisations and institutions in more than 80 countries, including manufacturers, developers, component suppliers, research institutes, national wind and renewables associations, electricity providers, finance and insurance companies. See more: www.gwec.net
Led by The Climate Group in partnership with CDP, RE100 is a collaborative initiative bringing together the world’s most influential businesses committed to 100% renewable power. Renewables are a smart business decision, providing greater control over energy costs while helping companies to deliver on emission reduction goals. RE100 members, including Global Fortune 500 companies, have a total revenue of US$5.4 trillion and operate in a diverse range of sectors – from information technology to automobile manufacturing. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy. RE100.org | #RE100
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