Builders signed 8.4 GW of energy buy agreements (PPAs) in Europe in 2022, down 21% in quantity from final yr, based on Pexapark’s newly revealed annual report. Nonetheless, the Swiss consultancy mentioned that the 161 offers really signed elevated by 4.5% year-on-year, with Spain main the best way.
Pexapark says in a brand new report that renewable power PPAs stay “impressively steady” in Europe in 2022, regardless of wider market turmoil. Contracted volumes fell to eight.4 GW, down 21% from 2021, however the complete variety of PPAs elevated by 4.5% in 2022, with 161 agreements.
Company PPAs account for 80% of the overall in 2022, and 83% of contracted volumes. The contracted capability of company PPAs grew by a minimum of 20%, from solely 5.8 GW in 2021.
“The maturity of the PPA market shines in the midst of the power disaster in Europe, and the resistance it reveals is, to say the least, outstanding,” mentioned Luca Pedretti, director of operations (COO) for Pexapark.
Spain was the biggest PPA market final yr, with approx 3.2 GW of disclosed capability in 31 offers. Spanish firms Greenalia and Endesa account for greater than 1.8 GW, or 20%, of the contracted capability.
The highest 5 patrons are Alcoa (1,830 MW), Microsoft (900 MW), Amazon (420 MW), Renault (350 MW), and Meta (300 MW), whereas the highest 5 sellers are Greenalia (924 MW), Endesa (906 MW), Statkraft (687 MW), energy Group & energy capital Changeable Power (534 MW), and Voltalia (380 MW).
“The yr skilled excessive ranges of volatility all through, however two spikes are most memorable: January 2022, and September 2022 the place the volatility reached 230%,” mentioned Pexapark.
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