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.
Deploying solar, storage, heat pumps in the Arctic
US researchers have conducted case studies on the successful deployment of distributed renewables in the state of Alaska. In one study, two cities installed 223.5 kW solar PV arrays coupled with 351 kWh batteries and 250 kW inverters, in addition to cold climate heat pumps.
US renewable PPA price increases cool off as material costs fall
Edison Energy says in a new report that prices increased more moderately in the fourth quarter of 2022, compared to the steep price hikes seen since 2021.
Construction begins on 93 MW Australian solar farm
Construction has started on a 93 MW solar project in the Australian state of Victoria. The installation, which has been under development for at least five years, was sold to Enel Green Power in 2019.
European PPA market prices fell 15% in December
Swiss consultancy Pexapark says falling energy prices, lower heating needs, and healthy gas reserves have had a calming effect on the European power purchase agreement (PPA) market. It foresees an increase in transactions over the short term.
