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Belgium: Renewable Energy Cefic Signs MoU to Collaborate on Renewable Energy Sourcing

| Editor: Alexander Stark

The European Chemical Industry Council (Cefic) signed a Memorandum of Understanding (MoU) to collaborate on the RE-Source Platform.

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The European chemicals industry looking to source more renewable energy.
The European chemicals industry looking to source more renewable energy.
(Source: Pixabay / CC0 )

Brussels/Belgium —The RE-Source Platform, founded by Solar Power Europe, Wind Europe, RE 100 and WBCSD, is a European alliance of stakeholders representing clean energy buyers and suppliers for corporate renewable energy sourcing. The platform pools resources and coordinates activities to promote a better policy framework for corporate renewable energy sourcing, at EU and national level, whilst raising awareness and facilitating business opportunities.

Marco Mensink, Cefic Director General said that the industry would need massive amounts of renewable energy in the future. Corporate sourcing of renewable electricity could offer an attractive solution for chemical companies to secure clean and affordable energy with a longer time horizon. The Council would work with the RE-Source platform to ensure the European chemical industry does not miss this key opportunity, he added.

According to Giles Dickson, Wind Europe CEO, the RE-Source Platform aims to help spread the PPA model throughout Europe so that more industrial consumers could benefit from it. Having Cefic onboard would pave the way for more PPA deals in the chemicals sector, providing them with the clean, reliable and cheap power that renewables provide.

James Watson, CEO of Solar Power Europe added that the signing of this MoU proved the awareness that was growing in energy intensive industries of the benefits of utilising renewables to meet their electricity demands. Cefic were an early mover and he was pleased see the European chemical industry support this important initiative to promote renewable energy through onsite generation and power purchasing agreements.

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