Part 3/6:
The energy transition efforts are also becoming more integrated with procurement, with almost all companies now having at least a target, roadmap, and first projects underway, such as on-site renewable generation and power purchase agreements (PPAs).
The Three Phases of the Energy Transition
The energy transition can be divided into three phases:
2010-2015: New technologies that require subsidies to be cost-competitive, with early adopters and others holding back.
Mid-2010s onwards: Technologies become cost-competitive, leading to increased PPA activity and a combination of certificate buying and PPAs.