unsubsidized solar

Sumitomo, Sunseap and Shikoku Electric are partnering to offer bilateral PPAs to big power consumers in Japan. The consortium will operate through a dedicated joint venture and will offer three different PPA options.

In a short interview with pv magazine, Flemming Vejby Kristensen, from the Danish PV association Solcelleforening, explained the surprising performance achieved by Denmark’s PV market in 2021, in which around 667.6MW of PV capacity was deployed. Around 94% of this growth is coming from large scale unsubsidized solar projects and the segment’s main driver has been the willingness of big corporations to buy green electricity under bilateral PPAs.

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.

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.

Photon Energy has deployed its first merchant PV project in Hungary. The company said the €1 million plant may be the first in a series selling power to the spot market. In an interview with pv magazine, Hungarian renewable energy specialist, Ferenc Kis, stated that these projects may become more frequent in the future, due to new coordinated grid connection capacity allocation.

The solar array will cover around 30% of the electricity needs of a Leroy Merlin hypermarket in Volzhsky, in Russia’s Volgograd region.

The 16 MW project is under development by Swedish-based utility Vattenfall. Construction is scheduled to start in 2024.

It’s official. After 18 months or so of negotiations, electric companies in Germany and Greece last night inked a deal to confirm RWE’s entry into the Greek power market. Initially, the arrangement concerns 2 GW of new PV generation capacity to be built in former lignite mines, however the deal may later expand to include additional power projects.

The 120 MW solar plant will sell power under two long-term PPAs for the electricity to be generated by 90 MW of its capacity.

Higher gas and electricity prices could open up new opportunities for short-term power purchase agreements in the Italian and European renewable energy markets, according to Stefano Cavriani, the founder and director of EGO Energy, an Italian company that specializes in PPA hedging. In a chat with pv magazine, he explained that electricity prices should not increase more, but they may stabilize at current levels, or slightly below the €100/MWh threshold.