While heads of state and government at COP28 are expected to commit to tripling global renewable energy capacity by 2030, similar policy barriers are holding back the market uptake of renewables in some of the world's largest economies.
Matching energy consumption with clean energy on an hourly basis is one of the most impactful ways for corporates to accelerate the energy systems’ decarbonisation., Eurelectric states.
LevelTen Energy released its latest PPA Price Index report, which shows that in Q3 2023, the blended index of wind and solar 25th Percentile (P25) PPA prices increased a modest 2% across Europe. But there were some important exceptions and stability may not last long.
BayWa r.e. is cooperating with Swiss infrastructure investment manager Susi Partners to offer solar energy solutions in Southeast Asia. The focus is on Thailand, Malaysia, Vietnam, the Philippines and Indonesia.
The European Parliament voted to boost the deployment of renewable energy by encouraging investments and removing measures that hinder the European energy markets.
Statkraft aims to become the industry's leading partner for green energy solutions. The Norwegian company announced plans to add 2.5 - 3 GW of renewable energy plants annually worldwide from 2025.
The Genera trade fair in Madrid in February 2023 is one of the most important meeting places in Spain for experts from the renewable energy and energy efficiency sectors. Of course, this also includes photovoltaics and battery storage.
European developer Sunwin Energy has entered into a framework agreement with a major European stock listed energy company for the development of a 375 MW portfolio.
Project developer Abo Wind has sold two South African solar projects, each with a capacity of 100 megawatts. The buyer, South African Sola Group, has already signed a private power purchase agreement (PPA) for the projects with mine operator Tronox.
R.Power Group, plans to significantly increase its market share in Italy. In the past month alone, the company signed agreements with landowners for PV farms of more than 100 MW. Goal is to have over 1 GW developed projects within a year.
Sungrow will work with EPC company BeGreen on their first partnership in Denmark. The project is set to install 320 MW for a solar PPA pipeline.
Project developer Baywa r.e. will tender a Europe-wide power purchase agreement (PPA) for ten terawatt hours with 10-year contracts. The energy will come from a portfolio of green energy projects in Germany and Spain.
With plenty of sunshine and high irradiation values, Portugal is considered one of the most interesting countries for solar power generation in Europe. Project developers such as Newcon Energy are investing heavily in solar PPA projects, building on stable framework conditions.
For a decade, concentrated solar power has lain dormant. Now it could replace the burning of coal and oil - for municipal and regional utilities. Because solar heat and green hydrogen offer new opportunities.
The contract with a subsidiary of the state-owned passenger and freight transport operator SNCF Voyageurs has further expanded Axpo’s marketing of renewable energies in France.
Latest research from Cornwall Insight’s ‘Renewable PPA market share report’ highlights that the market for renewable PPAs in UK is showing increased capacity despite challenges in the sector.
The European Commission toolbox against current high gas and electricity prices names PPAs as an important instrument to protect European businesses from volatile market developments.
In recent years, a growing number of countries globally have announced their carbon-neutrality target, with the overwhelming majority of them pledging to achieve the goal by 2050.
The Leeton and Fivebough power plants are located in the town of Leeton, New South Wales, in the heart of the Murrumbidgee Irrigation Area, one of the most diverse regions in Australia.
Centrica Energy Trading has announced the signing of a 10-year power purchase agreement (PPA) with Canadian Solar for a 12 MW solar project in Sicily.
Long-term direct supply contracts for subsidy-free renewable electricity (PPAs) are gaining ground as a new business model. Municipal utilities and green utilities are also increasingly playing in this market.
Axpo Iberia has signed a series of power purchase agreements (PPAs) with Aquila Capital, an international investment company focusing on renewable energies.
Blue Elephant Energy has been able to sign a land deal over 300 hectares of ground in Germany for the operation of ground-mounted PV capacity worth more than 300 megawatts.
In a recent statement, the consultancy Cornwall Insight has expressed their doubts that the market for new-build renewables will suffice to fulfil the targets set for net zero carbon emissions.
Blue Elephant Energy and EnBW signed long-term power purchase agreements for PV projects in Spain for solar parks with 150 MW. RWE and Grifols signed a PPA for a 10 MW solar park.
