Siemens Gamesa will supply 64 of its SG 14-236 DD offshore wind turbines with a rotor diameter of ...
Analyses by BloombergNEF (BNEF) and the RE-Source platform document enormous growth in 2023, especially for the European market for Power Purchase Agreements (PPAs). RE-Source reports a 40 percent increase in European PPA volume compared to 2022, while BNEF even reports a 74 percent increase in corporate PPA deals – measured by contracted performance.
Background of the positive
According to the analyses, the development in Europe in particular is that
supply chain problems in 2023 and prices for
Corporate PPAs in the region have fallen faster than the general
Electricity. "As a result, the economic conditions for the conclusion of the
contracts in European markets such as Spain, Germany, the United Kingdom and the United Kingdom.
the United Kingdom and the Netherlands," BNEF said.
Germany has established itself in Europe
second only to Spain in terms of corporate PPAs. According to RE-Source
Corporate PPAs with a total capacity of 2.04 GW were concluded. Germany
"Spain is ready to compete for the title of the most active PPA market in 2024
to challenge them," it continues.
In fact, the list of
PPA deals, about which ContextCrew New Energy has been in the year to date
has already shown significant growth compared to the previous year. Already
more than 20 deals in Germany and the rest of Europe are available via the ticker.
Run. In Germany, exciting deals have been concluded in the past few days.
has been proclaimed:
⮚ RWE's Kaskasi offshore wind farm will supply green electricity to seven countries from 2026
major German industrial customers. Corresponding electricity supply contracts (Power
Purchase Agreements (PPAs) have been concluded between RWE Supply & Trading and DHL
Group, Ensinger, Evonik, Infraserv Höchst, thyssenkrupp Steel Europe and
Vodafone.
⮚ Vattenfall and specialty chemicals company Evonik have signed new long-term
electricity supply contracts concluded. From 2025, two solar parks of
Vattenfall in Schleswig-Holstein produces around 120 gigawatt hours of solar power per year
for chemical production to Evonik. The contracts have a term
of ten years and firmly agreed conditions.
⮚ The
Since the beginning of the year, drive manufacturer Flender has been purchasing green electricity directly from wind turbines with its own Flender gearboxes via Eco2Grow . The
Companies entered into several Power Purchase Agreements (PPAs) for the
direct purchase of green electricity from the wind and solar plants.
⮚ The
Technology Group Schott secures long-term electricity contracts
its demand for electricity from renewable energy sources. At the beginning of January, a
new Power Purchase Agreement (PPA) with Statkraft, Europe's largest
Renewable energy producers.
⮚ The
French hydrogen specialist Lhyfe has agreed a 15-year corporate PPA with EDP Renewables . As part of the
Agreement will provide Lhyfe renewable energy from a 39 MW ac (55 MWp)
solar project in Germany, which is managed by EDPR through Kronos Solar EDPR
and is expected to be connected to the grid in 2025.
The financial statements document a
wide range of customer groups from the corporate sector. According to analyses by
RE-Source In 2023, the bulk of deals in 2023 were made by heavy industry
(2.9 GW). This is followed by information and
Communication Technology (2.5 GW), Retail (0.8 GW), Telecommunications
(0.7 GW) and engineering and technology companies (0.5 GW). The
Diversification underlines the attractiveness of PPAs across different
across industries, RE-Source emphasizes. Accordingly, there was also a significant
growth of PPAs in automotive, food and beverage, and
Retailers.
Up-to-date information on the
development of the German and European PPA markets, the
Industry information service ContextCrew New Energy at the address www.contextcrew.de/thema/dossier-ppa/.
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