The study, IH 2022 Corporate Energy Market Outlook, states that corporates bought a record 31.1GW of renewable energy capacity in 2021 up from 25.1GW in the previous year.
The capacity was bought through power purchase agreements, with 137 corporations in 32 different countries signing the deals.
Corporates in the Americas bought 20.3GW (65% of all deals signed) whilst those in Europe acquired 8.7GW and in Asia, 2GW.