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PPA

Europe’s renewable PPA prices fell 5% in Q1

Energy consultancy LevelTen says that solar power purchase agreement (PPA) prices fell 5.9% in the first quarter of 2024, with decreases recorded in all analyzed countries except for Romania. It attributes the decline to lower wholesale electricity prices and a fall in solar module prices.

LevelTen Energy reports stable solar PPA prices for US market

LevelTen Energy says in a new report that solar power purchase agreement (PPA) prices have remained stable in the United States, indicating greater stability after a period of market volatility.

Egyptian solar set to expand beyond the massive 1.8 GW Benban PV project

In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential, and premium prices for gas exports make the case for a more diverse energy mix. A nation with grand renewables targets – but slow installation rates – may finally be weaning itself off fossil fuel resources.

Europe records 24 PPA deals for 1.1 GW of solar in February

Investors and developers in Europe signed 24 power purchase agreements (PPAs) for 1.1 GW of solar in February, making it a “month to remember,” according to Swiss consultancy Pexapark.

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Sweden records up to 1.4 GW of new solar for 2023

High interest rates, inflation, and customer uncertainty could slow down residential PV growth in Sweden this year, despite record solar installations in 2023, but interest in utility-scale PV remains strong.

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TotalEnergies hits 1.5 GW of on-site solar PPAs

France’s TotalEnergies says it has signed 1.5 GW of on-site solar power purchase agreements (PPAs) with more than 600 industrial and commercial customers in more than 30 countries.

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Corporate PPAs hit record high in 2023, says BloombergNEF

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.

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South African property company signs offtake deal for wind, solar, hydro

South African real estate trust Growthpoint Properties has signed an offtake deal with local electricity trader Etana Energy for 195 GWh of renewable energy. The contracted power will be sourced from wind, with a smaller component of hydro and large-scale solar capacity.

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Reel secures €5 million to expand corporate PPA business

Reel, a spinoff of the Technical University of Denmark (DTU), has raised €5 million ($5.4 million) of seed capital to enhance its products and expand internationally. It is offering customized fixed price contracts to businesses based on solar and wind power purchase agreements (PPAs).

Pexapark says European developers signed 23 PPAs for 936 MW in December

Pexapark, a Swiss consulting firm, says December marked a robust conclusion to a strong year for power purchase agreements (PPA). Developers secured 23 new PPAs – nine more than in December 2022 – with a combined capacity of 936 MW.

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