/LONDON, December 14, 2022, 09:00 GMT, PR Newswire/ The European corporate renewable PPA market has proliferated by an almost seven-fold increase from 2016 until 2021. EU energy ministers agreed at the end of November 2022 on the content of a Council Regulation for a temporary framework to accelerate the permit-granting process and the deployment of renewable energy projects. Reduction of permitting burden shall contribute to corporate PPAs, which are essential for the European Union (EU) to achieve energy independence and its REPowerEU targets. Many companies use corporate PPAs to hedge against unpredictable energy prices, reveals the recently published study Europe Corporate Renewable PPA Market Report 2023÷2032. Amazon, Google, Alcoa, Norsk Hydro, Bayer and Microsoft are among the key players in the market. The sharp increase and volatility in energy prices will likely support European corporate renewable PPAs demand.

/LONDON, January 29, 2024, 09:00 GMT, RENEWABLE MARKET WATCH^TM/ The European corporate renewable PPA market has proliferated by an almost seven-fold increase from 2016 until 2023. EU energy ministers agreed at the end of November 2022 on the content of a Council Regulation for a temporary framework to accelerate the permit-granting process and the deployment of renewable energy projects. The European Institutions have agreed in 2023 on a revised text of the EU Renewable Energy Directive (RED III), which should help further speed up permitting for new and repowered renewable energy projects. Reducing permitting burdens shall contribute to corporate PPAs, which is essential for the European Union (EU) to achieve energy independence and its REPowerEU targets. Many companies use corporate PPAs to hedge against unpredictable energy prices, reveals the recently published study Europe Corporate Renewable PPA Market Report 2024÷2033. Amazon, Google, Alcoa, Norsk Hydro, BASF, Bayer and Microsoft are among the key players in the market. This report provides further evidence that faster corporate PPA deployment would support transitioning to a European climate-neutral society and be beneficial economically.

/LONDON, October 30, 2024, 11:15 GMT, RENEWABLE MARKET WATCH^TM/ The European corporate renewable PPA market has proliferated by an almost seven-fold increase from 2016 until 2023. EU energy ministers agreed at the end of November 2022 on the content of a Council Regulation for a temporary framework to accelerate the permit-granting process and the deployment of renewable energy projects. The European Institutions have agreed in 2023 on a revised text of the EU Renewable Energy Directive (RED III), which should help further speed up permitting for new and repowered renewable energy projects. Reducing permitting burdens shall contribute to corporate PPAs, which is essential for the European Union (EU) to achieve energy independence and its REPowerEU targets. Many companies use corporate PPAs to hedge against unpredictable energy prices, reveals the recently published study Europe Corporate Renewable PPA Market Report 2024÷2033. Amazon, Google, Alcoa, Norsk Hydro, BASF, Bayer and Microsoft are among the key players in the market. This report provides further evidence that faster corporate PPA deployment would support transitioning to a European climate-neutral society and be beneficial economically.

/ESSEN, March 2, 2023, 9:30 GMT, RWE/ RWE, the UK’s largest power generator and one of the largest renewables developers, has significantly expanded its solar and battery capabilities by acquiring JBM Solar, a large independent developer of solar and battery storage systems. With this acquisition RWE reaffirms its UK strategy by continuing to grow and to diversify its UK portfolio by adding further solar and battery projects. With the acquisition of JBM Solar, RWE takes over a mature pipeline with a combined capacity of around 6.1 gigawatts (GWac), split into 3.8 GWac of solar and 2.3 GWac of battery storage projects. Most of the projects are in the central and southern regions of England and a large proportion already have grid connections and land secured.

/Swindon/Essen, September 3, 2024, 9:30 BST, RWE/ RWE, the UK’s leading power producer, has been awarded Contracts for Difference (CfD) for five of its renewable energy projects in the latest Allocation Round 6 (AR6). The CfD awards have been made to RWE by the Low Carbon Contracts Company, on behalf of the UK Government, following successful bids for two onshore and three solar PV projects (see table below). The inflation-indexed strike price for RWE’s onshore projects was £50.9/MWh and for solar £50.07/MWh (based on 2012 prices).

/Essen/Rome, December 4, 2024, 9:00 GMT, RWE/ RWE was successful in the Italian Resilience and Recovery Plan auction, awarding contract for difference tariff and up to 40% return on investment for advanced Agri-PV. The 9.8 megawatt (MWac) Morcone and 9,3 MWac Acquafredda advanced Agri-PV plants, located in the province of Benevento in the Campania region, were awarded. Construction of the more than 32,500 solar modules is scheduled to begin in early 2025, with commissioning scheduled for the end of next year.

/ESSEN, December 22, 2022, 9:30 GMT, RWE/ RWE and Forschungszentrum Jülich want to demonstrate how that can work in the Rhenish lignite mining district. The plan is to generate solar power in tandem with agricultural and horticultural activities on about seven hectares of recultivated land at the edge of Garzweiler Mine in Titz-Jackerath in the district of Düren in North Rhine-Westphalia. The research project is funded by the state of North Rhine-Westphalia through the progres.nrw programme. For Germany to be able to achieve its climate targets, the land must be made available for the expansion of solar power and innovative plans must be developed. In addition to Floating-PV plants on lakes, agrivoltaics (“Agri-PV”) offers major potential for expansion.

/DUBLIN, April 13, 2022, 9:30 BST, RWE/ RWE is the global leader in renewable energy with a firm target to achieve carbon neutrality by 2040, with a commitment to invest EUR50 billion by 2030 to expand its green generation capacity to 50GW. Along with this plan, the company will allocate up to EUR1.5 billion in Ireland through the renewable energy project under development. The company has a clear goal and know-how and wants to be a long-term energy partner supporting the Irish Government's plans to transition to 80% renewable electricity generation by 2030. 

/ROME, April 29, 2024, 9:30 BST, RWE/ RWE has started the construction of its first solar plant in Italy. Bosco, an 8.3 megawatt (MWac) ground-mounted solar plant, will be installed in Partinico Municipality near Palermo, Sicily. On a 16-hectare site, around 15,000 bifacial modules1 will have the capacity to generate enough green electricity to supply the equivalent of 7,000 Italian homes. Commissioning of this solar powerr plant is planned for the end of the year.

/ESSEN, August 25, 2022, 9:30 BST, RWE/ RWE has further strengthened its European renewables business by acquiring Alpha Solar, a Polish photovoltaic (PV) development company. With this, RWE takes over a solar project pipeline in Poland with a total capacity of approx. 3 GWac. The acquisition represents a strategic enhancement for RWE and adds to its existing global development pipeline of 10 gigawatts in solar projects. It was agreed to keep confidentiality on the purchase price. The acquired pipeline is spread across Poland. The majority of projects are of utility-scale in various stages of development. The maturity of projects ranges from early phase identified opportunities to ready-to-build projects. 

/LONDON, September 7, 2023, 11:00 BST, Shell/ Shell Energy Europe Limited (“Shell”) has signed a 15-year power purchase agreement with HANSAINVEST Real Assets to secure 600 megawatts (MW) of capacity at Germany’s largest solar project. Microsoft has already secured 323 MW of this renewable energy capacity from Shell.

/MADRID, March 1, 2023, 11:00 GMT, Sonnedix/ Sonnedix, the international renewable energy producer, and Endesa Spain’s largest electric company, have signed a twelve-year renewable energy power purchase agreement (PPA). The green energy is produced by a 77MW solar PV portfolio acquired by Sonnedix in July 2021, comprised of five solar plants located in Valladolid, Castilla y León province of Spain. The projects are currently under construction and are expected to start operations within the first quarter of 2023. 

/TALLINN, ESTONIA, November 1, 2024, 9:00 GMT, Sunly/ This autumn, the renewable energy company Sunly started work on three large solar park projects in Latvia, with a combined capacity reaching 225 MW. These projects will be capable of meeting the annual electricity consumption of over 118.000 households. The parks are planned to be developed in the Valmiera, Krāslava, and Madona regions. Work has already begun on the first project in Valmiera Municipality, where a 54 MW solar park will be developed near Matīši village. Simultaneously, work has commerced on a substation for a 90 MW solar park in Dagda Parish, Krāslava Municipality.

/18^th May 2020, SolarPower Europe/ At the initiative of Pascal Canfin, Chair of the Environment Committee at the European Parliament, 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks have come together to form a European Alliance for a Green Recovery. In the face of the coronavirus crisis, the biggest challenge Europe has faced in peacetime, with devastating consequences and a shock to the economy tougher than the 2008 crisis, Ministers from 11 countries, 79 cross-party MEPs from 17 Member States, 37 CEOs, 28 business associations representing 10 different sectors, trade union confederation representing members from 90 national trade union organisations and 10 trade union federations, 7 NGOs and 6 think tanks, have committed to working together to create, support and implement solutions to prepare our economies for the world of tomorrow.

/5^th October 2020, The European Commission, RENEWABLE MARKET WATCH^TM/ In response to a call for applications on 18 June 2020, the Commission selected 50 members and 10 special observers on the basis of their environmental, sustainable finance or social/human rights expertise. At the beginning of this month, the European Commission published the list of members of the Platform on sustainable finance. The platform will advise the Commission on the development of technical screening criteria for the EU taxonomy, and policy development, amongst other things, as required by the taxonomy Regulation.

/18^th September 2020, The European Commission, RENEWABLE MARKET WATCH^TM/ The European Commission presented today its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This level of ambition for the next decade will put the EU on a balanced pathway to reaching climate neutrality by 2050. The new target is based on a comprehensive Impact Assessment of the social, economic and environmental impacts. The Assessment demonstrates that this course of action is realistic and feasible. This raised ambition also underlines the EU's continued global leadership, ahead of the next UN climate conference (COP26).

/12^th June 2019, RENEWABLE MARKET WATCH^TM/ Worldwide, renewable energy producers are entering into power purchase agreements (PPAs) with corporate entities thanks to the falling price of renewable power. Companies from diverse geographies and industries in Europe are entering this market at a rapid pace, according to the recently published study ’Europe Corporate Renewable PPA Market Report 2018 ÷ 2027’. To accelerate the deployment of renewable energy capacity, corporate energy buyers, and renewable energy suppliers have to explore the benefits and risks associated with entering the corporate PPA market. The size and frequency of deals have increased quickly in recent years, and over 14 GW of corporate renewable PPAs have been signed worldwide to date. Furthermore, corporate procurement of renewable energy is making a sizeable contribution to energy and climate objectives. In the EU, this business model has yet to live up to its potential compared to other regions of the world, particularly the US, where corporate procurement of renewable energy during 2018 represents over 8.5 GW.

/18^th November 2020, Priyanka Shrestha, Energy Live News/ The UK has launched research into whether solar power in space could offer the potential for an unlimited and constant zero carbon source, backed by the government and the Space Agency. The government is commissioning the project into space-based solar power (SBSP) systems that would use very large solar satellites to collect renewable energy, convert it into radio waves and safely beam it back to ground-based receivers connected to the electric grid..