Featured in Purchasing power – 04-2025

Is Spain’s PPArty over?

Spain is one of the most attractive global markets for solar and wind power purchase agreements (PPAs). While 2024 was no exception, the market is now slowing as buyers and sellers await solutions to grid congestion at peak generation hours.

By

Pilar Sánchez Molina

01 Apr 2025

Multiple PPAs have been signed for Iberdrola’s Nuñez de Balboa plant, in Spain. The plant serves as an early example of how offtake agreements can support large-scale project development. | Photo: Iberdrola

The “European PPA Market Outlook 2024” report by Swiss consultancy Pexapark revealed Spain has led the European PPA market for five consecutive years. The country’s stability, the maturity of its renewables sector, and its abundant solar and wind resources are key factors that attract companies. Pexapark’s data show that 47 PPAs were signed in Spain …

This article is part of pv+

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