European renewables PPA market hit 19 GW in 2024, says Wood Mackenzie
Wood Mackenzie says Europe’s power purchase agreement (PPA) market was dominated by solar and wind deals in 2024, with an increase in battery-linked contracts as buyers looked to hedge against negative pricing periods.
Alight, Autoliv sign Finland’s largest PPA to date
Swedish solar developer Alight has signed a 100 MW power purchase agreement (PPA) with Autoliv for Finland’s largest PPA to date. The solar park, set for construction in Eurajoki, will be operational by 2026.
Corporate PPAs with variable price structure achieve higher performance
Researchers in Portugal have simulated 800 power purchase agreemeents across eight different contract type and have found that contracts with a variable price structure achieve higher performance. Their analysis considered net present value, contract performance deviation and volume residual as the main indicators.
UK’s largest solar and storage project secures financial close
Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.
Scatec signs PPA for large-scale solar-plus-storage project in Egypt
Norway’s Scatec Asa has signed a 25-year power purchase agreement (PPA) with Egypt Aluminium for a 1.1 GW solar plant with 100 MW/200 MWh of battery energy storage. The agreement has been billed as Egypt’s first utility-scale PPA with an industrial offtaker.
Yellow Door Energy signs PPA for 24.5 MW solar wheeling project in South Africa
The 20-year power purchase agreement (PPA) will see PowerX, South Africa’s first licensed private sector electricity trader, distribute the energy produced to its customers via connection to the national grid.
Axpo signs 10-year corporate PPA in Croatia
Swiss power producer Axpo has signed a 10-year corporate power purchase agreement (cPPA) to supply 17.5 GWh of electricity to two production sites of Croatian HVAC manufacturer Klimaoprema.
LevelTen launches new platform to buy, sell renewable assets
LevelTen says its new Asset Marketplace Listings platform will streamline the buying and selling of renewable energy assets. The platform covers projects of all sizes across Europe, including storage.
Innova signs 40-year PPA for solar projects in Wales
Two solar and storage projects in development near Wrexham, North Wales, will supply power to a nearby sewage treatment works. Construction work on both sites is due to “commence shortly,” according to the developer.
Solar buyer ‘lucky streak’ must not influence UK PPAs, warns LCP Delta
Spring 2025 power purchase agreement (PPA) negotiations should take greater account of risk, according to a new report from LCP Delta’s Power Insights service. The research firm has warned that setting strike prices too high could leave offtakers out of pocket, risking future agreements that are key to supporting solar deployment.
