The year it all changed
The European solar landscape changed forever in 2022 and managing the supply chain, grid, and permitting constraints will be key to a solar-dominated energy future for the continent.
Falling raw material costs, energy prices push down European PPAs in May
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.
Portugal’s January-April PV installations hit 118 MW
Despite a slow start to the year, BloombergNEF expects Portugal to install another 1,363 MW of solar by the end of 2023. The likelihood of that scenario seems to come down to how quickly projects from the record-breaking 2019-20 solar auctions go online, if they do so at all.
Alight secures 12-year PPA for 64 MW solar plant in Sweden
Alight says it has obtained a 12-year power purchase agreement (PPA) for a 64 MW solar plant in Sweden. It says it will turn to non-recourse project financing, despite the conventional practice of financing PPA-backed solar assets with equity in the country.
PPA prices falling across Europe, says Pexapark
Pexapark says power purchase agreement (PPA) prices are falling in Europe, with prices in Spain and Portugal down by 6.4% and 6.2% to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.
EU to avoid prolonging revenue cap on renewables
The European Commission says it is unnecessary and unadvisable to prolong the emergency measures for the energy market that were adopted at the end of 2022. This means that the €0.18 ($0.19)/kWh price cap on solar and other renewables will no longer apply in most member states from June 30.
Global solar additions to hit 310 GW in 2024, says IEA
The International Energy Agency (IEA) said in a new report that solar will remain the main source of global renewable capacity expansion in 2023, accounting for 286 GW. In 2024, the figure is set to grow to almost 310 GW, driven by lower module prices, greater uptake of distributed PV systems, and a policy push for large-scale deployment.
LevelTen announces PPA auctions
LevelTen Energy says it will offer power purchase agreements (PPAs) through a series of renewable energy auctions.
Meta to power US data center with 200 MW solar project
RPlus Energies has signed a long-term power purchase agreement with investor-owned utility Idaho Power to install the 200 MW Pleasant Valley Solar project in Ada County, Idaho.
Lebanon signs 11 solar PPAs, but financial closure remains challenging
Lebanon’s government has signed power purchase agreements (PPAs) for 11 projects with 165 MW of PV capacity. Investors have one year to reach financial closure.
