Corporate sourcing of renewables is rising as the cost of wind and solar power continues to plummet but “significant bureaucratic barriers” are hobbling investment, a new survey of 1,200 companies across key markets across Europe shows.

The BayWa Energy Report, which polled corporate decision-makers in France, Germany, Italy, Poland, Spain and the UK, highlighted that 89% of all respondents believe they have “a leading role to play” in accelerating the renewables transition, with 92% seeing reduction of energy costs as the “main reason” by for investing in clean power production.