List of the largest 200 European renewable energy developers offering PPAs [2024]

Description

List of 10 PPA renewable energy developers in Europe

PPA stands for the abbreviation of “Power Purchase Agreement”. This describes a contract between two parties. While one party, taking the role of the buyer, sells generated energy, the other party is interested in buying it. In this context, the PPA sets out all the commercial terms for the sale of power between the two parties. This includes when the project will begin, different commercial operation, the schedule for power delivery, penalties for non-delivery, payment terms, and termination. At present, there are many forms of PPAs, which vary according to the needs of the buyer, seller, and financing partner. There are many renewable developers offering PPAs in Europe. In the following, we will introduce 10 of the major renewable energy developers in Europe who are active in the sector and offer PPA agreements.

1. Equinor ASA (Stavanger, Norway)

First on our list of the major renewable developers in Europe offering PPAs is Equinor ASA. The company was founded in 1972 and is now active in the field of renewable energy by developing wind and solar energy solutions. The company’s portfolio includes activities related to oil and gas, renewable energy sources, and low-carbon solutions. It is a significant supplier of energy to Europe, a preeminent offshore operator globally, and a pioneering international entity in the domains of renewables and low-carbon solutions. Currently, the Stavanger based company builds the world’s largest offshore windfarm in the UK which will provide energy to approximately five million households. With more than 21 000 employees, Equinor ASA is active in over 30 countries with the mission to turn natural resources into energy.

Update 2024: The company was announced as a provisional winner in the Bureau of Ocean Energy Management’s (BOEM) offshore wind energy lease auction in the U.S. Central Atlantic region. The lease, with an estimated capacity of approximately 2 GW, has the potential to generate sufficient energy to power approximately 900,000 U.S. homes.

2. BayWa r.e. AG (Munich, Germany)

Second on our list is the renewable energy developer BayWa renewable energy. The leading renewable energy developer from Munich, Germany, focuses on the development of solar farms and wind parks with end-to-end solutions. While being active in 28 countries, BayWa r.e. realizes PV, hybrid, solar distribution, bioenergy and energy trading projects, as well as hybrid division solutions by combining different types of assets. The company is based in 34 countries and has brought more than 6 GW of renewable energy online, while it manages 10.5 GW of assets.

Update 2024: BayWa has signed a virtual PPA (VPPA) with Boston Scientific, which will provide them with green solar electricity. This is the first VPPA BayWa has contracted with with a healthcare company.  

3. AMPYR Solar Deutschland GmbH (Frankfurt, Germany)

Developing solar projects worldwide, AMPYR Solar provides ground mounted, rooftop and special solutions in order to ensure the best possible implementation. In Addition to realizing solar energy projects by themselves, the Frankfurt based company also invests in solar parks with the mission to support a green energy future. The company currently has 3.7 GW under construction in Germany in 133 solar projects. AMPYR operates in Germany, the UK, and the Netherlands.

Update 2024: NaGa Solar Deutschland GmbH changed its company name to AMPYR Solar Deutschland GmbH.

4. Green Investment Group Ltd (Edinburgh, United Kingdom)

By developing and investing in the fields of wind and solar energy, the subsidiary of Macquarie can show a pipeline of over 90GW within more than 240 projects in over 25 global markets. Along with their mission to accelerate the green energy transition, the Green Investment Group develops new approaches to integrate battery storage into grids. In order to advance this mission, the UK based company works across all stages of the project lifecycle and ensure expertise in finance, investment and projects development.

5. Acciona SA (Alcobendas, Spain)

Considering themselves as experts in designing a better planet, Acciona SA develops and manages sustainable infrastructure solutions by being active in the renewable energy sector. Striving towards their goal to lead the energy transition towards a low-carbon economy, the Spanish company focuses on their innovative and technical capacity in developing wind energy and photovoltaic energy technologies.

Update 2024: ACCIONA and its partners Sacyr and Plenary Americas have reached financial close on the construction of a bridge spanning the Calcasieu River in Louisiana, with a total cost of US$1.33 billion.

6. Ilmatar Windpower PLC (Helsinki, Finland)

Since the founding in 2011, the Finnish energy company and independent power producer focuses in the field of renewable energy by developing sustainable projects, managing constructions as well as operational assets and also retailing sales. Striving forward their mission to guarantee a sustainable future, Ilmatar Windpower PLC operates and owns one of the largest renewable energy fleets in Finland and in the Nordics. In 2023 the company produced 415.3 GWh of renewable energy.

Update 2024: In a recent announcement, Ilmatar revealed the submission of an environmental permit application for the Tönnersjö solar farm, which spans 450 hectares in the County of Halland, situated in the southwestern region of Sweden. The planning of the solar farm started in 2022, following the signing of a land lease agreement between Ilmatar and Silvestica Green Forest, the proprietor of the forest on which the solar farm is to be constructed.

7. Mainstream Renewable Power Ltd. (Dublin, Ireland)

The Irish renewable energy developer Mainstream Renewable Power was founded in 2008 and is based in Dublin. The company’s services include offshore and onshore wind, solar PV, hybridisation and storage, green hydrogen and the conclusion of PPA’s. The company has a global pipeline of 24.8 GW in five continents – Europe, Africa, Latin America, and Asia-Pacific.

Update 2024:  An Environmental Impact Assessment was awarded to the 1.1 GW floating offshore wind farm project in South Korea, which is being developed and managed by Mainstream Renewable Power and Ocean Winds.

8. Grenergy Renovables, S.A. (Madrid, Spain)

The 2007 founded renewable energy developer implemented solar and wind energy projects with a total capacity of over 6,000 MW. By realizing the green energy projects from the beginning to the end, Grenergy ensures the required conditions and quality. The company is active in 11 European countries with a project portfolio of 15,05 MW. From 2017 up until today Grenergy has completed over 80 projects.

Update 2024: The company has recently achieved financial closure for the initial two phases of the Oasis de Atacama project, with a total investment of 345 million USD.  

9. SSE Renewables plc (Perth, Scotland)

As developer and operator of renewable energy across the UK and Ireland SSE Renewables strives to accelerate the transition to a net zero world. With the development of onshore and offshore wind energy projects as well as hydro solutions, the Perth based company has a portfolio of approximately 4 GW. Among other projects, SSE Renewables is responsible for  largest offshore wind development pipeline in the UK and Ireland at over 6GW. SSE is the UK and Ireland’s principal advocate for clean energy, with the majority of its assets and projects situated at the local level. Nevertheless, the company has expanded its operations to encompass several other countries, where it participates in joint ventures aimed at developing renewable energy infrastructure on an international scale.

10. ERG SpA (Genoa, Italy)

Last on our list of renewable energy developers in Europe offering PPAs is ERG SpA. Sticking to their values Heritage, Sustainability, Passion and Challenge, the Italian leader of wind power operator strives to make an impact in the process of achieving the UN’s global sustainable development goals. Therefore, ERG SpA, which is a Genoa based company, generates energy from the combination of natural resources like wind, sun and natural gas. ERG is a #SDGsContributors with the intention to make a contribution to the realisation of the United Nations’ global sustainable development goals, and to create value for all its stakeholders.

Update 2024: The construction of the greenfield wind farm at Moulins du Bois, situated in the Bourgogne-Franche-Comté region, has been completed by ERG, who have also initiated the energisation process. The wind farm comprises nine Vestas V117 turbines, with a capacity of 3.6 MW each, resulting in an aggregate installed capacity of 32.4 MW. 

PPA renewable energy developers in Europe

So called Power Purchase Agreements (PPAs) are one of the most interesting systems for the energy market overall. But especially for the renewable energy market they are important. Companies who are experts in this field through their project development of solar, wind or other renewable energy parks are offering to sell the respective energy of such parks for one specific customer. This list contains 100 European project developers who are offering/are working with PPAs.

Renewable energy research and transaction analysis

As research experts we have finding relevant developers/PPA-offering companies down. By screening renewable energy deals in Europe (and worldwide) we identify involved parties. By offering the opportunity to submitting new listings, we constantly improve our lists by crowdsourcing.

Included columns in our PPA energy developers list

• Company Name
• Legal form
• URL
• Country
• City
• Postcode
• Address
• Email
• Phone
• Onshore Wind
• Offshore Wind
• Solar
• Hydro
• Hydrogen projects
• Geothermal
• Energy storage
• Biomass
• IPP?
• PPAs?
• Repowering?
• Management
• Regional Focus
• Founding year
• Installed capacity in MW

Image Sources: Unsplash (Nuno Marques & Abby Anaday accessed on 28.04.2022)