Clean Energy Buyers Seek A Role in Europe’s Green Stimulus

Clean energy buyers want the European Union to ensure its 750 billion euro ($851 billion) economic recovery package helps increase the uptake of renewables by corporates.

Companies including Nestle SA, Unilever Plc and Hennes & Mauritz AB, pressed the European Commission to introduce measures such as credit support and speedier roll-out of renewable power purchase agreements as part of the rescue plan. The call comes as EU leaders get ready to discuss the planned stimulus on June 18.

Agreements to sell clean power direct to companies offers more stable revenue for developers over a long period of time, and locks ...