The 2024 RE100: Annual disclosure report explores how RE100 members are accelerating the energy transition around the world, with markets like Japan, China, India, and Vietnam showing some of the strongest increases in renewable electricity use by RE100 companies.
This shift in Asia marks a significant moment for the region, a traditionally challenging market for renewable electricity procurement, and is supported by booming RE100 membership in Asia. Meanwhile, renewables use by members in Europe has remained at 83% while in the North America single market it has decreased by 1% to 65%.
Key findings
- Since the last annual report, RE100 companies are procuring more of their electricity from renewables in more challenging markets. Japan (25% -> 36%), China (50% -> 59%), India (23% -> 39%), Vietnam (30% -> 58%).
- RE100 companies claim 53% renewables use, up from 50% in the last annual report.
- RE100’s growth is driven by new membership in Asia. Of the 32 new joiners since the last annual report, 75% are headquartered in Asia.
“It’s incredibly encouraging to see Asian companies tapping into the enormous potential of renewable power and driving the global energy transition. Their demand is sparking a response from governments, unlocking yet more renewable electricity supply for these companies. If policymakers can work fast to remove the barriers that hamper the affordability and accessibility of renewables for corporates, it increases their competitiveness. They’ll attract significant private investment in their country’s energy transition and economy, becoming global green economic powerhouses.”
Ollie Wilson, Head of RE100, Climate Group
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