Europe records 24 PPA deals for 1.1 GW of solar in February

February was “a month to remember in the European PPA market,” according to Swiss consulting firm Pexapark, which reports that investors on the continent signed 54 PPA for 3,046 MW of capacity.

The largest buyer in February was Google with 728 MW, while utilities were only involved in four of the agreements that were made public, for a total of 557 MW.

The month’s projects span 14 European countries, with Spain leading in volume with 562 MW in six deals, while Germany led in the total number of agreements with 13 PPAs, or 502 MW. Poland and Italy also stood out, with eight and five agreements, respectively. Slovakia also announced its first PPA, followed by Estonia.

In Germany, steel company Salzgitter Flachstahl signed a PPA with Octopus Renewables for a 122 MW solar park that will begin producing electricity in January 2025, with a duration of 10 years.

In Slovakia, the Šariš brewery signed a deal with Enery, an independent energy supplier in Austria, for a newly built 6.3 MW solar park in Iliašovce. It is scheduled for completion in the next six months.