Menu
  • Corporate Renewables 2020 Launches, 100% round table event focussed on Corporate PPAs

    Corporate renewable 2020 small size

    /7th November 2019, RENEWABLE MARKET WATCHTM/ Shareholders, employees, customers and a wide range of stakeholders require corporate businesses to show a tangible, impactful commitment to renewable energy. As global energy usage and needs are re-defined by these groups, corporates are increasingly focused on reducing their environmental footprint and securing lower energy costs. Corporate PPAs enable companies to achieve their carbon emission reduction goals and are gaining momentum globally. This brings us to launch Corporate renewables 2020 in London, March 11-12. The size and frequency of deals have increased quickly in recent years to more complex and innovative buyer consortia, VFA and proxy swap agreements. However, in Europe, the business model for PPAs is yet to reach its potential. The total volume of corporate renewable PPAs signed in Europe in 2018 amassed to 1.9 GW while in the States it reached 8.5 GW. Corporate Renewables 2020 is not a conference or a summit. The event delivers a series of curated networking experiences designed to help you to assess the economic viability of corporate renewable PPAs, learn about innovative deal structures and understand how they can be applicable to your company. 

  • Europe Corporate Renewable PPA Future Market Development, Trends and Opportunities

    Europe Corporate PPA 2019 2028 small

    /19th November 2019, RENEWABLE MARKET WATCHTM/ Worldwide, renewable energy generators are entering into power purchase agreements (PPAs) with corporations, due to the falling price of renewable power. Furthermore, electricity markets are changing and around the world electricity regulation is also changing to meet the requirements of the accelerating energy transition. Many government policies and regulations are moving in the direction of carbon emissions reduction, more liberalization, smart grids combined with greater flexibility and easier market access for end-users. The result is a combination of a stronger policy focus on environmental goals and reduced government control and supervision of national electricity markets. These trends have the potential to give consumers a greater role in electricity markets than ever before. Many government commitments in Europe to manage climate change can be met with the implementation of clean energy transition programs and with the support of corporate renewable PPA structures, reveals the recently published study ’Europe Corporate Renewable PPA Market Report 2019 ÷ 2028’. This study considers the whole array of options available to corporates looking to source renewable electricity in Europe. Despite the less developed corporate renewable PPAs market in Europe compared to the USA, the Renewable Market Watch™ predicts increased support and acceptance of the corporate renewable PPA model in European countries in the next decade.

  • Greece to Launch Auctions (Tenders) for 512 MW of Solar and Wind Projects

    Turkey Solar 1 Small

    /23rd July 2019, RENEWABLE MARKET WATCHTM/ The Regulatory Authority for Energy (RAE) of Greece has announced its plans to launch solar and wind power auctions (tenders), with a combined capacity of more than 512MW, has been revealed in the regular update of the study ’Central East and South-East Europe Solar Photovoltaic (PV) Power Market Outlook 2018÷2027’. Competitive bidding will start on 7 October 2019, with two distinct categories – the solar tender will focus on photovoltaic (PV) generation smaller than 20MW, with a total capacity of 287 MW, and a maximum allowed bid price $73.66 per MWh, in a reverse auction. In the wind category, Greece will award 225 MW of capacity with a maximum allowed bid price of $75/kWh. Interested developers in both tenders will have time until November 4 to make online submissions and will be required to submit hard copies of their bids by November 7. RAE will announce final results between December 12 and December 20. According to the tender’s rules, RAE will allocate the whole capacity only if bids in excess of 40% of the total are received.

  • Iberdrola and Masdar Close Their EUR 1.6 Billion Alliance to Develop Offshore Wind in the Baltic Sea

    /MADRID, November 2, 2023, 10:00 GMT, Iberdrola/ Iberdrola has signed a strategic agreement with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm, located in the German Baltic Sea. Following confirmation that all the necessary regulatory approvals have been received, Iberdrola will have a majority stake of 51% in the project, which will help to accelerate energy independence in Europe.

  • Photovoltaics 2020 Event in Greece on February 20, 2020

    Turkey Solar 1 Small

    /3rd January 2020, RENEWABLE MARKET WATCHTM/ On Thursday 20 February 2020, HELAPCO (The Hellenic Association of Photovoltaic Companies) will organize the leading business and strategic event for the Greek solar energy market: Photovoltaic 2020. Once again, a diverse group of local and international developers, investors and other stakeholders will be gathering to explore the opportunities in the growing Greek solar photovoltaic (PV) market together. With its high quality, it provides an exceptional value for developers, investors, equipment manufacturers and stakeholders. The timing is now perfect for renewables industry market entrants who wish to play a role in this rapidly transforming market. The levelized cost of new solar PV energy in Greece is lower than the levelized cost of new lignite and gas‐fired power plants. This was unimaginable a few years ago. Greece also has a self‐consumption scheme (net‐‐metering) for residential and commercial solar photovoltaic power systems (up to 1 MWp). A new support scheme for renewable energy, consistent with the Guidelines on State aid for environmental protection and energy 2014‐2020 (and based on competitive tenders and feed‐in‐premiums) was introduced in 2016. Prime Minister Kyriakos Mitsotakis’ pledge to phase out the country’s lignite-fired power fleet by 2028 has come as an energy policy earthquake and constituted ‘a decision of historic importance’. The Greek Energy Ministry announced that renewable energy should provide 35% of Greece’s final energy consumption in 2030, up from a 20% target next year. That ambition would require renewables to generate more than 65% of Greece’s electricity in 2030.

  • Renewable Energy Investment Activity and Opportunities in Kosovo

    Solar and Wind Ukraine small

    /15th August 2019, RENEWABLE MARKET WATCHTM/ Energy Strategy of the Republic of Kosovo 2013-2022 is the main document outlining energy policies and development objectives of the energy sector, in line with international standards on sustainable development, environmental protection and social wellbeing, which aims to maximize profits from the use of the country’s energy resources. The Energy Strategy aims to establish effective mechanisms for implementing requirements set in this strategy, taking into account the effective management of existing energy resources and environmental protection. It focuses on enhancing the security of supply in line with European standards and diversification of energy sources. This strategy aims to encourage rational use of energy and increased energy efficiency, utilization of renewable energy sources, the introduction of new technologies while respecting international standards of environmental protection and community care. Kosovo has solar, wind, hydro and biomass resources available that are more than sufficient to meet the country's energy supply needs, has been mentioned in the regular update of 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2019÷2028'.

  • Shell Signs 15-year Agreement with Largest Solar Project in Germany

    /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.

  • Sonnedix and Endesa Sign a 12-year PPA for 77MW Portfolio in Spain

    /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. 

  • The Government of Kosovo Signed an Agreement with IFC to Support Development of a 50 MW Solar PV Power Plant

    Kosovo Solar Photovoltaic PV Power Market Outlook 2020 2030 Small

    /29th January 2021, RENEWABLE MARKET WATCHTM/ The Government of Kosovo has recently signed an agreement with IFC to help attract a private partner to develop a 50 MW solar photovoltaic (PV) power plant under a structure. The Kosovo Solar project will be implemented through a competitive tender to achieve procurement of lower-cost solar energy. The Republic of Kosovo has a population of 1.8 million and the energy generation in the country is heavily dependent on two old lignite coal-fired power plants with high CO2 emissions. The coal-fired power plants, which cover 91% of the energy generation, reach the end of their operational life and will soon need serious investments for modernisation or decommissioning. Therefore, Kosovo needs viable energy alternatives to build a more flexible power generation strategy with the increased use of renewable energy. Kosovo has solar, wind, hydro and biomass resources available that are more than sufficient to meet the country's energy supply needs, has been mentioned in the regular update of 'Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2021÷2030'.

  • The Rise of the European Corporate Renewable PPA Market

    Europe Corporate PPA small

    /12th June 2019, RENEWABLE MARKET WATCHTM/ 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.

×
This website uses cookies to enhance your browsing experience.