Featured in From the ground up – 04-2024

The smarter E special: Sun shines on PPAs

The year 2023 set a record for renewables power purchase agreements (PPAs) in Europe and the most optimistic industry analysts forecast 25% growth in 2024. While Spain has long been the continent’s PPA leader, it could soon be knocked off its perch as other regions ramp up their plans.

By

Pilar Sánchez Molina

09 Apr 2024

Green Genius built this solar plant in Lithuania. | Photo: Carlsberg Group

The European renewables PPA market broke records in terms of volume of energy and the number of agreements signed in 2023. In its latest report, Swiss consulting firm Pexapark recorded deals totaling up to 16.2 GW in 2023, which implies a 40% increase in contracted power compared to the previous year. In terms of the …

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