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Hybrid PPAs see growing adoption in Europe despite a 24% premium over solar PPAs
Hybrid PPAs are gaining traction across Europe as developers pair solar projects with battery storage to counter price volatility and negative electricity prices. Although priced 24% higher than solar-only PPAs, hybrid contracts offer greater revenue potential and are becoming increasingly attractive to corporate buyers.
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Rising gas costs push European electricity prices higher
AleaSoft Energy Forecasting’s latest analysis finds the weekly average electricity price stood in excess of €110 ($125.51)/MWh across most of Europe’s main electricity markets last week as gas futures prices reached their highest level since March.
Netherlands proposes stricter rules for solar near airports
The Netherlands is working on a temporary framework governing permits for solar near airports. Trade association Holland Solar has said there is a lack of convincing evidence as to why solar panels have to meet stricter reflection requirements than other surfaces.
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Electrification action plan aims to make Europe world’s first electric-powered continent
The European Commission’s Electrification Action Plan aims to raise electrification of final energy demand from 23% to 46% by 2040, cutting annual fossil fuel import costs by an estimated €240 billion while accelerating the deployment of clean energy technologies.
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