Category: European Developers
As per the Baker-Polito Administration’s Clean Energy and Climate Plan for 2050, the state has to reach net zero by 2050. A key part of this transition will be large-scale renewable energy projects and PPA contracts. In August 2022, Governor Charlie Baker announced a renewable energy bill that aims to develop 5.6GW of green assets […]
Power purchase agreements (PPA) have become increasingly important for renewable energy developers and customers to guarantee the security of income and electricity. One of the most popular forms of PPAs is corporate, which offers a long-term energy solution to major organizations and allows them to reduce their greenhouse gas emissions. Numerous large-scale PPAs have been […]
Sweden, Norway, Finland, and Denmark countries are among the leading European developers of renewable energy. In 2018, Norway and Sweden accounted for over half of the PPAs agreed upon in Europe. In recent years, the growth in Scandinavian countries is considered mature compared to the rapid growth seen in Portugal, Spain, and France. One Scandinavian […]
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 […]
In 2022, Spain contributed almost a third of Europe’s total PPA capacity, which was an increase from 24% between 2018-2022 as the nation was late to enter the PPA market. Spain is considered one of the most important European countries when it comes to solar PPAs. In 2022, Spain approached the European Investment Bank (EIB) […]
According to market research by SolarPowerEurope, PPAs have become the third most important component for solar growth in Germany. Leading German companies have paved the way by implementing corporate PPAs with companies such as Bosch negotiating solar PPAs. It is estimated that Germany will require an additional 51.6GW of installed capacity to meet climate targets. […]
French administration has aimed to ramp up the number of PPA deals by establishing a fund to support companies engaging in contracts. In November 2022, the French minister for Economy announced a partnership with lender Bpifrance. The deal will aim to guarantee contracts that when complete, will have an installed capacity of 800MW. In this […]
The Oresund Region is a metropolitan region located in eastern Denmark and southern Sweden, with cities such as Malmo, Copenhagen, and Helsingborg. The region has a population of over 4 million and is also known as Greater Copenhagen. The region has the potential for large-scale offshore wind development and has already had numerous projects developed […]
Germany continues to expand the share of renewable energy in the power grid – solar energy plays a crucial role here. Accordingly, the existence of project developers with expertise in the solar sector is essential. The Rhine-Main area is one of the most important metropolitan regions in Germany – the cities of Frankfurt am Main, […]
Poland’s heavy reliance on coal, which in 2017 provided 80% of the country’s electricity has hampered the nation’s progress in achieving the EU’s climate neutrality goals. In 2020, Poland failed to meet the 15% target of electricity supplied from renewable sources as the country reported only 10.75%. Despite failing to meet the goals, Poland did […]