BNEF reports 12% surge in Corporate Clean Energy Purchases 2023

21 Feb 2024 CW Team

According to the Corporate Energy Market outlook for the first half of fiscal year 2024 by Bloomberg New Energy Finance (BNEF), corporations revealed a groundbreaking 46 GW of solar and wind contracts in 2023. This marked a 12% year-over-year increase from the 41 GW reported in 2022.

It was stated that companies' clean energy objectives were the driving force behind the surge in these record contracts. The commitment of companies to clean energy goals was the primary catalyst for the remarkable increase in contracts.

In 2023, 45%, equivalent to 20.9 GW of power purchase agreements (PPA), were declared in the Americas, with Europe trailing closely behind at 33%, amounting to 15.4 GW.

Kyle Harrison, Head of Sustainability Research at BloombergNEF, mentioned, "It has never been easier to buy clean energy as a corporation. For the first time, a variety of contracting structures are now widely available around the world to help companies decarbonize their energy consumption. These contracts are now the centerpiece in many companies? sustainability strategies, rather than a nice-to-have."

The most attractive market in Europe was emphasized, with the region experiencing significant growth from 2022 to 2023. Corporate PPA volumes in Europe surged by an impressive 74% to reach 15.4 GW during this period. This growth was attributed to the alleviation of supply chain obstacles and the normalisation of gas balances after the energy crisis in 2022. The drop in corporate PPA prices during that crisis made European markets economically appealing for entering into deals. Notably, Germany, Spain, the United Kingdom, and the Netherlands alone accounted for more than half of the deals announced in the European region in 2023.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..