Europe contracts 1.6GW of renewable energy capacity in March

European renewables PPA market hit 19 GW in 2024, says Wood Mackenzie

Wood Mackenzie says Europe’s power purchase agreement (PPA) market was dominated by solar and wind deals in 2024, with an increase in battery-linked contracts as buyers looked to hedge against negative pricing periods.Nearly 19 GW of renewables were contracted under PPAs in Europe in 2024, according to Wood Mackenzie. The consultancy’s “Europe Renewables PPA Tracker Report” says Europe’s PPA market surged last year, led by solar and wind project…

Europe contracts 1.6GW of renewable energy capacity in March

Europe completed power purchase agreements (PPAs) for 1.6GW of renewable energy capacity in March, according to Pexapark.

The European market for renewable energy purchase agreements (PPA) showed a strong recovery in 2024, with almost 19 gigawatts (GW) of new contracted capacity, according to the latest Europe Renewables PPA Tracker report published by Wood Mackenzie. Related:Negative prices drive crucial innovations in the European PPP market The report highlights an increase in PPP activity, with Spain and Germany leading the market, with 30% of total capacity. P…

In 2024, the global market for the acquisition of clean energy by companies grew strongly, with a record 68 GW of energy purchase agreements (PPA) and other announced clean energy acquisition agreements. By pv magazine USA Solar energy accounted for about half of the total energy capacity acquired by companies in 2024. Since 2019, solar energy has become the preferred technology for the acquisition of energy by companies, due to the fact that au…

Data centers lead global growth in corporate PPAs

In 2024, the global corporate clean energy procurement market grew strongly, with a record 68 GW of power purchase agreements (PPAs) and other clean energy procurement deals announced. That amounted to 29% growth against the previous year. Caroline Zhu and Bruno Brunetti, of S&P Global Commodity Insights, examine the trends behind these numbers.Solar accounted for roughly half of the total energy capacity procured by corporates in 2024. Since 20…