Pexapark Says European Developers Signed 28 Ppas for 1.5 Gw in April
Swiss consulting firm Pexapark says the total capacity of signed power purchase agreements (PPA) in Europe in April more
PV Magazine International 12:33 pm on May 27, 2024
In April 2024, Pexapark reports European developers signed 28 power purchase agreements (PPAs) for a total of 1.5 GW in solar projects, doubling the March volume. Average prices increased by 1.6% month-on-month to $52.29 per MWh. Corporates dominated PPA deals with most involving solar energy contracts. The trend highlights Europe's growing commitment towards renewable energy and its expanding role in the global market for green power.
- Pexapark Report: April witnessed a doubling of European PPA volume, hitting 1.5 GW.
- Price Trend: Average PPA prices rose by 1.6% to $52.29/MWh.
- Corporate Involvement: Majority of the deals were with corporations, focusing mainly on solar projects.
- Renewable Energy Growth: The surge in PPAs emphasizes Europe's increasing investment and leadership in renewable energy.
- Solar Dominance: Solar projects were the primary beneficiaries, constituting over half of the deals.
https://www.pv-magazine.com/2024/05/27/pexapark-says-european-developers-signed-28-ppas-for-1-5-gw-in-april/