PPA: Strong year 2023 and a lot of momentum at the start of the new year

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/.