corporate PPAs

BloombergNEF says in a new report that corporations publicly announced 46 GW of solar and wind power purchase agreements (PPAs) in 2023, up 12% year on year. It says the increase was driven by a surge of activity in Europe.

Utility-scale solar is stirring in the region, with support from development banks. Following a series of competitive auctions, PV projects have been commissioned and are under development in Uzbekistan and Kazakhstan. In the latter nation, corporate interest in distributed, small-scale renewables is growing but for further market uptake, additional incentives should be introduced, practitioners say.

The clean power to be generated by Sofia-based developer Renalfa will be matched to the consumption profile of customer A1 Bulgaria by a subsidiary, utility business unit of the renewables company.

According to Swiss consultancy Pexapark, around 11 GW of power purchase agreements were closed in Europe last year. For 2022, the analyst expects shorter deals and the presence of more new entrants.

With Emergency Ordinance no. 143/2021, the Romanian government has restored legal certainty for bilateral power purchase agreements and has created more favorable conditions for solar power generators under net metering regime.

US data management company Iron Mountain has a growing portfolio of onsite and PPA renewables, and it’s one of the first major corporate firms to track its renewables by the hour as part of an innovative PPA that may serve as a forerunner for widespread 24/7 matching.

Re-Source 2021 took place in Amsterdam at the end of last week, and pv magazine was there to cover the event where the suppliers and sellers of renewable power purchase agreements (PPAs) meet the (largely corporate) buyers, though encouraging PPA uptake among small and medium-sized enterprises (SMEs) was among the major talking points, including ‘additionality’, de-risking renewable PPAs and 24/7 matching.

A new report from REBA highlights the leading players and found that utility scale solar power was the most sought-after renewable resource among the country’s major companies.

The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.

The country’s solar sector offers the lowest average prices for corporate power purchase agreements on the continent, according to BloombergNEF.