Infographic: European PPAs remain strong amid green power demand

2024 remains on course to be a record year for renewable power purchase agreements in Europe after buyers secured 30 TWh/year in the first six months of the year, according to analysis by S&P Global Commodity Insights. While demand for green power remains healthy from corporates and industry, falling power prices and sticky capital costs have challenged the supply side.

Commodity Insights’ models indicate an average gap of Eur20/MWh between developers' cost recovery needs and expected wholesale capture prices in Spain and Germany over the next 10 years. The PPA database lists over 1,000 deals since 2018 underpinning 100 GW of new renewables capacity, with Spain, Germany and the UK the biggest markets.

Full feature: European PPA market outlook finely balanced; premiums needed for projects to break even (subscriber content)

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