Pexapark recorded a bounce in European PPA costs in March, marking the primary month-to-month improve since August 2023.
It stated all tracked PPA costs rose 9.8% month-on-month to €47.40 ($50.95)/MWh in March. The consultancy attributed the rise to the upward trajectory of electrical energy and commodity costs.
Most PPA costs rise in keeping with actions in electrical energy and gasoline costs, which have spiked in response to assaults on Ukraine’s gasoline infrastructure. Great Britain skilled the biggest improve in PPA costs, indicating that market members have lowered their pricing danger reductions, in line with Pexapark.
Pexapark recorded 18 PPAs totaling 718 MW in March, with photo voltaic rising because the main know-how, accounting for 398 MW in 9 offers. Although the entire is a 76% discount in PPA volumes in comparison with February, Pexapark sounded cautious, as a result of “unprecedented flashy figures” final month.
Corporates accounted for 94% of offers in March. The largest settlement was signed in Greece between Karatzis Group and Mytilineos, for 210 MW of a 262 MW photo voltaic asset. This was adopted by a 197 MW PPA of two PV property in Spain.
Great Britain led the way in which in March by way of quantity and quantity of offers, with 4 agreements totaling 211 MW. France and Italy concurrently positioned second within the variety of offers, with three every, whereas Spain is second in volumes, with 209 MW.
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