power purchase agreements

Electricity market liberalization and private sector development of solar and energy storage in Cyprus continue to be delayed. pv magazine’s Ilias Tsagas looks at why independent power producers are frustrated by electricity curtailment and a lack of market reform.

In November 2022, Germany’s Energie Baden Württemberg and steelmaker Salzgitter Group signed one of Europe’s first power purchase agreements (PPAs) for hydrogen production. More have followed and with the European Union introducing rules to govern green hydrogen, an industry is planning for its future.

Europe is witnessing a surge in power purchase agreements (PPAs). Over the past four years, the number of European PPA transactions has trebled. More than 180 deals were signed in 2022 alone and the trend is expected to continue, especially for solar projects.

Pexapark says developers signed 17 long-term power purchase agreements (PPAs) in Europe in September, with 14 of them specifically involving solar projects.

Everoze Partner Abdul Sotayo highlights some of the issues that continue to hold back progress on clean energy in Nigeria, where energy poverty remains a problem, despite the nation’s vast solar potential.

LevelTen Energy has reported a 1% decline in power purchase agreement (PPA) prices from the first quarter to the second quarter in the United States, following three years of consecutive quarterly increases.

DIF Capital Partners has secured a 10-year power purchase agreement (PPA) for a solar-plus-storage project in Bedfordshire, England. It includes 55 MW of solar capacity and 40 MW/80 MWh of storage, making it the first large-scale solar-plus-storage PPA in the country.

Goldbeck and CEE Group say that their new 155 MW solar plant is now selling electricity to Engie under a 10-year power purchase agreement. The project is located on a former agricultural site.

Power purchase agreement (PPA) prices are falling in all European markets except for Spain and Portugal, according to Pexapark. The Netherlands and Great Britain have experienced the largest declines.

A poor showing by the ruling, left-of-center Spanish Socialist Workers’ Party in May’s regional and local elections prompted Prime Minister Pedro Sánchez to call a snap national election for Sunday, July 23. With the vote looming, solar industry insider Kjetil Torper considers the state of Spanish solar.