Israeli developer starts building 250 MW/550 MWh solar-plus-storage project
Teralight has started building what will be Israel’s largest solar park. The Ta’anach PV project will have an installed capacity of 250 MW and include 550 MWh of storage. It is located in the Jezreel Valley, northern Israel, and will start operations in the first half of 2024.
LevelTen’s European solar PPA index fell to €73.2/MWh in Q1
US energy consultancy LevelTen Energy said in a recent report on solar and wind power purchase agreements in Europe that the prices of wind and solar power purchase agreements (PPAs) in the European markets increased by 56% year-on-year to reach €88.88 ($97.40)/MWh in the first quarter of this year.
What France’s Renewable Energy Acceleration Law means for PPAs
Several lawyers recently spoke to pv magazine France spoke about changes to the French legal framework for renewable-energy power purchase agreements (PPAs).
Key takeaways from Solar Solutions
The latest edition of Solar Solutions, the largest solar trade show in the Netherlands, showed that the Dutch PV market is set to stabilize in terms of volumes, while preparing to integrate more heat pumps and storage. The solar sector is asking to move away from net metering to create a more resilient distributed-generation PV market.
European Commission proposes electricity market reform
The European Commission’s long-awaited reform of the European Union’s electricity market proposes to keep the merit order mechanism, but going forward the European energy market will be more strongly characterized by long-term PPAs and bilateral contracts for differences.
French region announces financial aid for solar PPAs
France’s largest administrative region, Nouvelle-Aquitaine, has launched a call for new solar projects. It aims to promote access to power purchase agreements (PPA) for companies and encourage the emergence of new installations.
Israel authorizes bilateral PPAs
Israel’s new rules for power purchase agreements (PPA) are expected to spur development, especially in the solar sector.
Key takeaways from Genera 2023
This year’s edition of Genera, Spain’s largest energy trade show, focused heavily on solar and attracted significantly more companies and visitors than last year, according to provisional data.
European developers signed 8.4 GW of PPA deals in 2022
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.
European solar PPA prices rose by 11.4% in Q4
LevelTen Energy says the prices of solar power purchase agreements (PPAs) in Europe reached €76.84($82.58)/MWh in the fourth quarter of 2022.
