European Investment Bank (EIB)

/7th December 2020, Brussels/ Corporate Cumulative PPA capacities in Europe: So far, Europe has seen a cumulative 11.1 gigawatt (GW) of contracted renewable energy power purchase agreements (PPAs) by volume. That’s a significant increase compared to the 2.2 GW of cumulative PPA capacity in 2016. There is an increasing trend in PPAs signed in Europe annually (s. Figure 1) with a total of 145 PPAs signed in Europe to date. The demand for renewable energies spans across Europe with PPAs signed in as much as 13 different countries: Italy, Poland, France,…

/7th December 2020, Brussels/ Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable power purchase agreements (PPAs) in Europe reached the 11 GW mark, up from just 2.2 GW by the end of 2016 and with a record 3 GW contracted in 2020 alone. This shows that more and more companies are stepping up to the challenge of reducing carbon emissions with renewable electricity, in line…

/30th November 2020, RENEWABLE MARKET WATCHTM/ Solar energy is the fastest-growing and lowest cost source in the world. In Europe, solar capacity increased by 36 percent to 8.5GW in 2018. However, 2019 was a huge success for the European solar PV market with a 104 percent increase of newly installed solar PV capacity (16.7GW) compared to 2018 (8.5GW), according to the Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030. Cumulative installed solar capacity in Europe reached 131.9GW by the end of 2019, which is a 14 percent increase compared…

/15th June 2020, Iberdrola, RENEWABLE MARKET WATCHTM/ Iberdrola group, through its subsidiary in Spain, has built and recently commissioned in Badajoz the Núñez de Balboa solar photovoltaic power plant, which, with 500 MWp of installed capacity and the ability to supply clean energy to 250,000 people, has become the largest in Europe. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) contributed 290 million euros (145 the EIB and 140 the ICO) to finance the plant, thanks to an agreement signed with Iberdrola.