Against the backdrop of Europe's energy crisis and the war in Ukraine, power purchase agreements in Poland have been garnering increasing attention from utilities and corporates alike that are concerned with future prices trends and are opting to lock in supply now at higher prices.
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
Indian Independent power producer (IPP) ReNew Power has signed a number of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.
European renewable power purchase agreement (PPA) prices surged 8.1% in Q1 2022 and 27.5% year-over-year as the effects of the war in Ukraine further deepened the region’s energy crisis and caused upward price pressures, according to LevelTen Energy.
Spain is to fast-track solar PV projects with generation capacities of up to 150MW as part of a suite of measures the country has enacted to help ease an energy crisis affecting the country.
Energy market turmoil in Europe at the end of last year is causing a fundamental change in the power purchase agreement (PPA) market as volatility spikes reach 250% and throw into question the viability of long term PPAs.
European solar power purchase agreement (PPA) prices can be expected to level off this year following a turbulent end to 2021 as the market undergoes a shift in the balance of power to the seller side.
Renewables developer BayWa r.e. has signed a ten-year virtual power purchase agreement (VPPA) with Finnish packaging company Huhtamaki for two new solar plants in southern Spain.
Real estate firm JLL is collaborating with LevelTen Energy to help its clients transition to clean energy by simplifying the corporate power purchase agreement (PPA) process.
