Global corporate clean energy market sees 10% decrease in PPA contracts, big tech leads deal flow.

In 2025, the global corporate clean power purchase agreement (PPA) market experienced a 10% decrease, marking the first decline in almost ten years. This drop in volume was attributed to high power prices and policy uncertainty, which influenced buyer activity in key markets.

According to the 1H 2026 Corporate Energy Market Outlook by BloombergNEF, corporations announced a total of 55.9GW of clean energy deals in 2025, a significant decrease from the previous year’s record. This decline highlighted a growing disparity between hyperscale technology companies and other corporate buyers. Meta, Amazon, Google, and Microsoft collectively accounted for 49% of global corporate clean energy procurement in 2025.

Meta and Amazon were the dominant players in the market, securing a combined 20.4GW of capacity, including 4.7GW of nuclear power. Meta focused its deals mainly in the US, while Amazon emerged as a key buyer in Europe and the Asia Pacific region. Overall, the US remained the largest corporate PPA market, with a record 29.5GW of deals, largely driven by leading technology firms shifting towards nuclear, hydro, and geothermal generation.

However, smaller companies seemed to shy away from the market due to rising project costs and policy risks, evident in the 51% decrease in the number of unique corporate buyers in the US. In Europe, the Middle East, and Africa, corporate PPA volumes dropped by 13% to 17GW, leading to a return to 2023 levels of activity in Europe specifically.

In the Asia Pacific region, volume decreased from 10.7GW to 6.9GW, with slowdowns in India and South Korea affecting the overall procurement trends. Japan saw a rise in sophisticated PPA structures, while markets such as Malaysia continued to rely on regulatory support frameworks for procurement activities.

Regulatory changes were also noted to be shaping the corporate clean energy market. The Greenhouse Gas Protocol is updating its Scope 2 emissions framework, proposing amendments that could introduce stricter tracking requirements for indirect electricity purchases. Corporations are already adapting to these anticipated shifts by engaging in more co-located and hybrid transactions, aiming for reliable and auditable clean power supply.

Engie emerged as the top global developer, securing 3.6GW of corporate capacity, with clean, firm power contracts accounting for a significant portion of total activity. As the market continues to evolve, it is expected that integrated clean energy solutions involving battery storage will become the standard for corporate procurement, replacing traditional standalone solar and wind projects.

In conclusion, the global corporate clean power PPA market experienced a notable decline in 2025, driven by a combination of factors such as high power prices, policy uncertainty, and increasing regulatory pressures. Despite these challenges, leading technology companies like Meta and Amazon continue to shape the market landscape, emphasizing the growing importance of renewable energy procurement in corporate sustainability strategies.