Featured in The Quality Issue – 04-2019

European solar comes of PPAge

From scorching Seville to rainy Rostock, investors claim that power purchase agreements (PPAs) have made European solar farms bankable without government subsidies. By providing lower risk for cheaper capital, they are powering a renaissance in established PV markets and lowering the cost of solar electricity in Europe.
By
benedictodonnell
The Ourika PV plant in Portugal was acquired in late 2018 by Allianz Capital Partners, and a PPA with offtaker Audax Renovables was bundled into the purchase. | Image: WElink

Last month, a single contract signed into existence 708 MW of photovoltaic arrays to be built across the Iberian Peninsula. The mammoth deal between offtaker Audax Renovables and developer WElink will roll out as much solar capacity as was installed in Spain and Portugal from 2013 to 2017 combined.It is no isolated event. Artur Lenkowski, …

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