Europe Corporate Renewable PPA Market Report 2022 - 2031 Trends, Investments, Growth, Prices, Laws, Country Profiles, Opportunities and Forecast
/LONDON, August 8, 2022, 10:00 GMT, RENEWABLE MARKET WATCHTM/ Corporate renewable energy sourcing continues to boom across Europe. Power purchase agreements (PPAs) and on-site sourcing are set for another record year. The European PPA market has proliferated, with almost a seven-fold increase from 2016 until 2021. European Commercial and Industrial on-site installations are also enjoying rapid growth, with forecasts showing they could reach a total capacity of 407GW by 2030. The current sharp increase and volatility in energy prices are likely to support the corporate renewable PPAs demand in Europe. Corporate PPAs may have an excellent contribution to solving Europe’s energy crisis. Many companies look to hedge against unpredictable energy prices, according to the Europe Corporate Renewable PPA Market Report 2022÷2031. This independent, 230+ page study of Renewable Market Watch™ analyzes the corporate renewable PPA market in 44 European countries. Through extensive research and discussions with experts in the industry, Renewable Market Watch™ has identified a series of market trends that will impact investment volume and renewable energy capacity additions under corporate renewable PPA models over the coming decade in Europe.
Industry analysts of Renewable Market Watch™ used a complex array of research sources to understand better the role of corporate renewable PPAs and their application in European countries under different local regulations. Corporate renewable PPAs will support reducing carbon emissions and contribute to the construction of new renewable energy projects. e.g., the RE100, made up of many of the world’s most influential companies, have all committed to 100% renewable energy, e.g. Google, MARS, Microsoft, Nestle.
The corporate PPA market in Europe has grown to a cumulative capacity of over 24 GW between 2013 and 2022(YTD), according to the Europe Corporate Renewable PPA Market Report 2022 ÷ 2031. In 2021 alone, approximately 6.5 GW of corporate PPAs were contracted in Europe. Solar represents the bulk of commercial and industrial onsite installations, including self-owned projects, leasing, onsite PPAs, and near-site private wire PPAs. Wind represents the bulk of all installed corporate renewable PPA capacity in Europe in 2021 and 2022 (YTD). In the last five years, Europe has seen 2-3 GW per year of commercial and industrial onsite solar installations, with forecasts showing installations will increase dramatically in coming years.
PPAs are not limited to large corporate electricity consumers. As the European corporate PPA market grows, a more diverse group of organisations is signing PPAs and on-site deals, including cities, SMEs, universities, and state-owned agencies. The corporate renewable PPAs shall be crucial in the non-subsidised renewable energy market growth by 2031. The Renewable Market Watch™ projects the governments of most European countries will create competitive regulatory frameworks enabling and facilitating the implementation of corporate renewable PPAs. As a result, the utility-scale wind and solar PV sector will emerge between 2020 and 2030 due to the low turn-key cost of wind and solar technology, corporate PPA schemes and tender support schemes announced in many European countries.
Corporate renewable PPAs can make a big difference in the transition to a low-carbon economy in Europe by providing developers of renewable power plants certainty on future revenues. The European Union has set targets for the decarbonisation of the economy to reduce our impact on the environment and fight climate change. The European Commission toolbox names PPAs as an important instrument to protect European businesses from volatile market developments. PPAs are typically signed over long periods, guaranteeing corporate consumers a fixed electricity price and hedging against market risks. The Commission encourages the Member States to facilitate wider access to PPAs beyond large businesses, including SMEs, through aggregating end-user demand, in compliance with competition rules. Member States should also flank PPAs through matchmaking events, standard contracts and de-risking through InvestEU financial products.
This report is essential reading for you or anyone interested in the fast-growing corporate renewable PPA market in Europe, including an investment trend overview, competitive landscape and forecasting of how investment volume in this market will develop over the next ten years. This report provides a comparative analysis of existing mechanisms supporting the use of corporate renewable PPAs in all European countries and highlights the challenges and opportunities associated with their developments. You will also find a detailed explanation of classifying different corporate PPA models and their characteristics.
Purchasing this report will help your company recognize important market opportunities and understand the possibilities for investment in this area, and will receive an overview of how COVID-19 (Coronavirus) recovery and military conflict in Ukraine will impact the market. The author of this report, Renewable Market Watch™, has distinguished itself throughout the years by publishing unbiased reports on the development of global renewable energy markets. For your convenience, we offer an opportunity for orders with customized report content.
The more information and answers to your questions about the European corporate renewable PPA market and corporate PPA prices per country, you may read here: Europe Corporate Renewable PPA Market Report 2022÷2031.
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