In 2021, PPAs in the UK increased by 1.2GW with a total capacity of 30.7GW. Recently, PPAs have faced numerous challenges such as sharply rising costs due to the international energy crisis. In Q2 of 2022, solar PPAs rose 18.4% and exceeded £60/MWh which still remains less than the 24% increase of wind. Despite the challenges, corporate PPAs grew 24% from 2021 in the UK which highlights the emphasis corporations are placing on tackling the energy crisis and climate change.
1) Eco Energy World – Solar and Hydrogen developer based in London
Eco Energy World has over 10 years of experience in renewable energy development and has developed 1.3GW of energy across Europe and Asia-Pacific. The London-based group is a specialist in non-subsidized solar and renewable energy with a project pipeline of 10GW across Europe, Australia, and America.
2) Energiekontor AG – Solar and Wind developer based in Bremen
Since 1990, Energiekontor has become one of Europe’s leading developers of wind and solar energy. The German group has developed over 100 wind farms across Germany, Portugal, Greece, and the UK which required an investment of over €1.3bn with a combined capacity of 1GW. In 2018, Energiekontor announced the acquisition of an 8.2MW project located in Yorkshire, UK. The wind project will be used to supply energy to a global consumer goods company on a long-term PPA.
3) Green Investment Group – Wind, Solar, and Storage developed based in Edinburgh
The Edinburgh-based group has over 85GW in development across 25 markets globally, by doing so Green Investment Group has spent £26bn in green energy projects. Green Investment Group was founded in 2012 by the UK Government and was acquired by Macquarie Group in 2017. To date, the group has supported 4.5GW of renewable projects with PPAs, which have provided 25 corporations with PPAs. The PPA team has been involved in projects located in Europe, America, Asia, and Australia.
Image Source: Katie Moum via Unsplash (08.02.2023)
