Purchasing power – 04-2025

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Purchasing power – 04-2025
2025
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pv magazine Global April 2025 TOC
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Purchasing power – 04-2025
2025
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2025

Purchasing Power

Corporate renewable energy buyers have provided a welcome boost to the solar industry in recent years. PV accounted for roughly half of total energy capacities by corporates in 2024, as S&P Global Commodity Insights columnists Caroline Zhu and Bruno Brunetti write in this month’s edition, which explores power purchase agreements (PPAs).

Despite market dynamism, European PPA activity has slowed. Even Europe’s historic PPA leader Spain has been affected, as pv magazine Spain’s Pilar Sanchez Molina writes.

Germany’s situation is also one to watch. Volatile energy prices are the main culprit; the country recorded around 460 hours of negative power prices in 2024. Prices are slowly returning to normal, and pv magazine Deutschland’s Sandra Enkhardt provides a snapshot of the evolving market.

Policy makers in Europe are working on adapting legislation and market structure to aid PPA recovery as the frequency of negative price hours in wholesale electricity markets grows. We hear what Pexapark expects from the PPA market in 2025 and the role energy storage might play in a recovery.

In India, commercial and industrial solar PPAs are driving growth with some predicting the sector could account for close to a third of new solar installations over the next five years, writes pv magazine’s Indian editor Uma Gupta.

China’s rooftop segment faces a struggle. Grid constraints, market and policy adjustments have caused the rooftop sector to hit a ceiling, as Vincent Shaw reports. China added a record amount of new solar capacity in 2024, but the share held by small-scale arrays declined sharply.

In the United States, President Donald Trump has been threatening tariffs on various markets from Mexico to Canada, but what could really unsettle solar is the antidumping and countervailing duty investigations into Southeast Asian products and a potential expansion of the Uyghur Forced Labor Prevention Act. CEA’s Christian Roselund, who is also founding editor of pv magazine USA, takes a closer look at the risks.

Other topics in this issue:

  • Supply and demand in Brazil: The energy sector is diversifying after a record year for installations.
  • Powerful sounds: Live events are getting a boost with batteries.
  • The installer robots are coming: Staff shortages, safety concerns and rising costs are driving interest.
  • Next-gen PV materials: Research efforts to accelerate efficiency discovery underway in Australia.
  • 24/7 PPAs meet their match: How hourly-matched power purchase agreements can become less costly.

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Excerpt from the magazine

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Time to adjust

  With the state of the world in recent months, just the thought of a detailed, reliable, long-term contract brings a certain peace of mind. In the renewable energy space, it’s not hard to see why power purchase agreements (PPAs) have become so popular. These agreements, between all manner of power producers and corporate or […]
Mark Hutchins
Apr 01, 2025
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UP: Why sustainability due diligence matters

Despite debates in some parts of the world, we can expect environmental, social, and corporate governance (ESG) regulation to continue making headlines in 2025. Everoze Partner Ragna Schmidt-Haupt demystifies the key sustainability risks and opportunities for solar and battery energy storage system (BESS) projects.
pv magazine
Apr 01, 2025
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Data centers lead global growth in corporate PPAs

In 2024, the global corporate clean energy procurement market grew strongly, with a record 68 GW of power purchase agreements (PPAs) and other clean energy procurement deals announced. That amounted to 29% growth against the previous year. Caroline Zhu and Bruno Brunetti, of S&P Global Commodity Insights, examine the trends behind these numbers.
pv magazine
Apr 01, 2025
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Speculation abounds over tax credits

There were mixed fortunes for US solar stocks in February, with the residential segment enduring another month of double-digit decline while utility-scale stocks rallied. Uncertainty looms over key tax credits, says Jesse Pichel, of Roth Capital Partners.
pv magazine
Apr 01, 2025
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pv magazine test: February 2025 results

George Touloupas, vice president for environmental, social, and corporate governance and new services at Clean Energy Associates, and Huatian Xu, director of technology and quality, analyze the February 2025 results from the pv magazine outdoor test installation in Yinchuan, China.
pv magazine
Apr 01, 2025
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24/7 PPAs meet their match

Hourly-matched power purchase agreements (PPAs) offer sustainability benefits and are cost efficient up to 80% to 90% hourly matching, although 100% matching is still costly. pv magazine caught up with Tim Höfer, senior consultant at Enervis Energy Advisors, to discuss 24/7 PPAs and findings from the consultancy’s recent white paper.
Matthew Lynas
Apr 01, 2025
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Tariffs the least of US market’s worries

While President Donald Trump’s sweeping levies on foreign imports have captured global headlines, antidumping and countervailing duty (AD/CVD) investigations into Southeast Asian products, along with a potential expansion of the Uyghur Forced Labor Prevention Act (UFLPA), could pose even greater risks for US solar and energy storage.
pv magazine
Apr 01, 2025
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Final thought: Risks and shifts in the city

Itamar Orlandi, director of insight at Pexapark
pv magazine
Apr 01, 2025
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Supply, demand and the invisible hand

Brazil’s solar market is diversifying, following a record year for installations. Free-market opportunities are opening up for solar and a new grid capacity auction could support further energy storage deployment. Challenges remain, however, as Livia Neves reports.
Lívia Neves
Apr 01, 2025
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Sharing the knowledge

Sustainability targets and a desire to hedge against energy price volatility mean power purchase agreements (PPAs) are big business for clean energy developers in 2025. pv magazine caught up with Pierre Bartholin, head of power hedging at Nuveen Infrastructure, to discuss the PPA market segment and how the addition of energy storage is set to shake things up.
Mark Hutchins
Apr 01, 2025
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One module does not fit all

When it comes to module durability, we need to think differently, according to research from Austria’s Polymer Competence Center Leoben (PCCL). Researcher Chiara Barretta reveals study results that saw modules in a tropical environment suffer significant degradation. Even stabilizer materials in the encapsulants had a limited effect.
pv magazine
Apr 01, 2025
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Why, Robot? Installers’ robot remedy

Robots on solar sites are not new; they have been deployed to automate everything from operations and maintenance to inspection and cleaning. In recent months, there has been an uptick in interest in robots for installation, particularly among utility-scale solar developers dealing with staff shortages, safety concerns, rising costs, and pressure to build.
Blathnaid O’Dea
Apr 01, 2025
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Polish PV prospects

The Polish market is shifting toward greater integration of photovoltaics and energy storage. Cable pooling with wind turbines is also gaining traction and installations exceeding connection capacity are becoming standard.
pv magazine
Apr 01, 2025
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Market structure drives PPA adoption

Electricity market liberalization, plus growing demand from corporate energy offtakers has kicked Japan’s power purchase agreement (PPA) market into gear, as Brian Publicover reports.
Brian Publicover
Apr 01, 2025
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China prepares for market-driven prices

Residential and commercial solar arrays in China are likely to remain overshadowed by utility-scale projects due to new legislation that will shift prices from fully subsidized to market-driven models.
pv magazine
Apr 01, 2025
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Accelerating next-gen PV materials

It’s a remarkable achievement by the global scientific and engineering community that silicon solar cell technology is now approaching the fundamental limits of its efficiency. The search is now on for the next generation of photovoltaic materials that can take efficiencies to 30% and beyond. Anthony Chesman, a research scientist and group leader in renewable energy systems at Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), reports on efforts to accelerate discovery.
pv magazine
Apr 01, 2025
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India’s next 100 GW

India marked a major milestone in the renewable energy (RE) space in January 2025, when installed solar capacity hit 100 GW. Solar installations show no sign of slowing as the year moves forward, writes Sehul Bhatt, of ratings agency Crisil.
pv magazine
Apr 01, 2025
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Buying big

For the past five consecutive years, US tech and retail giant Amazon has been the world’s largest procurer of renewable energy, investing in projects and signing power purchase agreements (PPAs) all over the world. pv magazine spoke with representatives of the company about its ambitious energy plans.
Mark Hutchins
Apr 01, 2025
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All the small things

Artificial intelligence-powered technology can manage electrical demand, bringing production and consumption closer together. François Puthod, of pv magazine France explains how that market is using AI to monitor the consumption of water heaters, electric vehicles (EVs), and other household devices to contribute to better grid balance.
François Puthod
Apr 01, 2025
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C&I solar PPAs gaining traction in India

India’s cumulative installed, open-access (offsite) solar generation capacity reached 20.2 GW at the end of 2024. The market is set for significant expansion, driven by corporates’ sustainability goals and favorable economic and policy factors.
Uma Gupta
Apr 01, 2025
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US sun still shines on H2

A number of US green hydrogen projects have had previously approved federal grants withheld recently but innovation, opportunity, and demand remain strong. Leading the way is California, as Will Crampton, CEO of TreasureBeam, tells pv magazine.
Carrie Hampel
Apr 01, 2025
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On the road with pv magazine

  Where we’ve been Key, The Energy Transition Expo, Rimini, Italy Key returned to Rimini from March 5 to 7, registering a 20% increase in total attendance compared to 2024. The increase was most pronounced for visitors from outside Italy, with numbers up 40%, in line with the strong participation of international companies showcasing products […]
pv magazine
Apr 01, 2025
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EU to shore up PPA support

The European Commission has presented ideas on how to boost power purchase agreements (PPAs) to shield corporate and industrial clean electricity buyers from price volatility while decarbonizing their energy supply.
Andreas Walstad
Apr 01, 2025
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Who takes the risk?

Germany saw an unexpected level of negative price hours in 2024 and the market is still adjusting. The risk of low or negative electricity prices is increasingly shaping power purchase agreement (PPA) terms, even as it remains the key pricing factor. At present, long-term PPAs offer only slightly higher prices than those in the tender segment.
Sandra Enkhardt
Apr 01, 2025
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Cautious optimism on module oversupply

Module prices from China have eked out slight gains over the past month amid policy changes in the country’s power market. Overcapacity remains an albatross around the market’s neck, however, obscuring the outlook for the second half of the year.
pv magazine
Apr 01, 2025
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The big adjustment

In Europe, the volume of solar and wind generation capacity signed under power purchase agreements (PPAs) fell in 2024. Energy price volatility receded as a key driver and a new risk emerged, in the form of solar and wind intermittency causing an increase in negative electricity price periods. Market intelligence provider Pexapark expects the European PPA market to return growth in 2025 as project developers and their customers adapt to the new market reality and energy storage plays a growing role in balancing electricity networks.
Mark Hutchins
Apr 01, 2025
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Electrons for sale

Corporate power purchase agreements (cPPAs) are a useful tool for project developers seeking finance to build projects. As the UK solar market expands, however, some well-established businesses are ready to embrace a little risk as they consider a future as independent power producers (IPPs).
Matthew Lynas
Apr 01, 2025
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China’s rooftop hits a ceiling

Amid a record amount of new solar capacity added in China in 2024, the share held by small-scale, “distributed” arrays fell to 38%, from 58% in 2022. Grid constraints, policy changes, and pricing adjustments have impacted home and business solar arrays, as Vincent Shaw reports, from Shanghai.
Vincent Shaw
Apr 01, 2025
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Powerful sounds

Live events can have a dark side to the good times, particularly when it comes to environmental impact such as carbon emissions or waste. It doesn’t have to be that way, though, with a new generation of batteries bolstering power supplies and increasingly flicking the switch on diesel gensets.
Jonathan Gifford
Apr 01, 2025
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Hourly matching poses PV challenges

Growing corporate interest in hourly matching power purchase agreements (PPAs) is expected to drive the pairing of PV, wind, and battery energy storage systems (BESS), with potential broader impacts on the energy procurement market, as Neil Ford reports.
pv magazine
Apr 01, 2025
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In Pictures: Sunrise Arabia

The Sunrise Arabia Clean Energy Conference, hosted by pv magazine and Solarabic, returned to Riyadh for its second year in February.
pv magazine
Apr 01, 2025
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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.
Pilar Sánchez Molina
Apr 01, 2025

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