Culture & Design
Tinder for Utilities Matches Power Buyers and Sellers
- New PPA sales in 2019 have surged compared to last year
- Online matchmakers may eventually grab 20% of Europe’s market
Photographer: Waldo Swiegers/Bloomberg
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It can be hard for a company to find that special wind or solar farm that ticks all the right boxes.
As businesses and governments set targets to reduce their greenhouse gas emissions, contracts to buy power directly from renewable energy producers are becoming more popular than ever. Last year a record $1.4 billion of contracts were signed in Europe, according to an estimate from renewable energy company Pexapark AG.