PPAs

Spain has already approved temporary restrictions on the price of gas for electricity generation.

Renewables-linked PPA prices have shot up nearly 30% in a year, especially due to the war in Ukraine, according to the latest Levelten Energy report.

The Chinese-Canadian company has secured the signature of Swiss energy business Axpo as offtaker for around 109GWh of solar electricity over a decade, with the clean power to be produced at Canadian Solar projects in Lazio and Sicily.

Recent analysis from German consultancy Enervis has shown that only 40% of the electricity to be generated by solar capacity in Poland’s latest auction for utility scale renewables will be sold under the exercise’s contracts for difference regime, and that the remaining share will be sold under bilateral power purchase agreements or to the spot market.

Brussels has asked interested parties how the permitting process for renewable energy sites can be simplified across the EU and how private PPAs can be made more attractive. Respondents can submit their thoughts until April 12.

Four new PV developments have been announced this week, adding to a growing list of renewable energy projects in the coal-dependent Eastern European country.

While the Sino-Canadian business expects high polysilicon and shipping costs to be a temporary problem, CEO Shawn Qu has acknowledged the company will have overcapacity in cell and wafer production lines by the end of the year.

US data management company Iron Mountain has a growing portfolio of onsite and PPA renewables, and it’s one of the first major corporate firms to track its renewables by the hour as part of an innovative PPA that may serve as a forerunner for widespread 24/7 matching.

Re-Source 2021 took place in Amsterdam at the end of last week, and pv magazine was there to cover the event where the suppliers and sellers of renewable power purchase agreements (PPAs) meet the (largely corporate) buyers, though encouraging PPA uptake among small and medium-sized enterprises (SMEs) was among the major talking points, including ‘additionality’, de-risking renewable PPAs and 24/7 matching.

Re-Source 2021 in Amsterdam has kicked off and the pivotal timing of the event has not been lost on any of the attendees or speakers. It is the time to kickstart the energy transition, and following the European Commission’s endorsement of corporate renewable PPAs as a solution to surging energy prices, this is the room where it could happen.