grid-parity solar

Power purchase agreement (PPA) prices increased by 1.4% on average in Europe in August, according to Pexapark. It says that only nine deals with a combined capacity of 193 MW were closed.

Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.

Several lawyers recently spoke to pv magazine France spoke about changes to the French legal framework for renewable-energy power purchase agreements (PPAs).

Developers signed 8.4 GW of power purchase agreements (PPAs) in Europe in 2022, down 21% by volume from the preceding year, according to Pexapark’s newly published annual report. However, the Swiss consultancy notes that the 161 deals that were actually signed rose by 4.5% year on year, with Spain leading the way.

The Albanian government said last week that unspecified developers have agreed to build two 20 MW solar projects in the nation’s Korça region. The authorities also said that renewables operators will now have to pay fees for grid imbalances.

Korean beauty products supplier Amorepacific has agreed to buy electricity from 5MW of renewables operated by LNG provider SK E&S. The 20-year deal is South Korea’s first step into unsubsidized renewable energy development.

Sumitomo, Sunseap and Shikoku Electric are partnering to offer bilateral PPAs to big power consumers in Japan. The consortium will operate through a dedicated joint venture and will offer three different PPA options.

In a short interview with pv magazine, Flemming Vejby Kristensen, from the Danish PV association Solcelleforening, explained the surprising performance achieved by Denmark’s PV market in 2021, in which around 667.6MW of PV capacity was deployed. Around 94% of this growth is coming from large scale unsubsidized solar projects and the segment’s main driver has been the willingness of big corporations to buy green electricity under bilateral PPAs.

Recent analysis from German consultancy Enervis has shown that only 40% of the electricity to be generated by solar capacity in Poland’s latest auction for utility scale renewables will be sold under the exercise’s contracts for difference regime, and that the remaining share will be sold under bilateral power purchase agreements or to the spot market.

Four new PV developments have been announced this week, adding to a growing list of renewable energy projects in the coal-dependent Eastern European country.