Last week, RE100 announced new technical criteria for member companies to observe when procuring renewable electricity and defining their progress towards their climate targets. They include a new requirement for purchasing of renewable electricity to be focused on new projects, a 15 – year limit on European renewable power plants, and procurement from countries and/or areas that are part of the EU single market and the AIB, among other things. The new criteria are applicable from 1 January 2024 onwards for companies whose first reporting period begins then, for others reporting on a calendar year basis, this will apply from 2025.
eThe updated criteria come as part of a routine two-year revision to align RE100 guidelines with current markets. Currently, investors are reluctant to invest in new renewable installations or conclude new bundled PPAs amid EU’s emergency measures, which i…
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