Friday, June 14, 2024

Key takeaways from Bulgaria’s RE-Source Southeast Conference – pv journal Worldwide

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The first day of the RE-Source Southeast Conference in Sofia, Bulgaria, this week highlighted European and regional curiosity in renewable-energy initiatives based mostly on company energy buy agreements (PPAs). Negative or very low electrical energy costs within the European electrical energy markets have an effect on the urge for food of such initiatives, however the resolution for traders and policymakers is to strategy the problem in a scientific approach.

SolarPower Europe Director for Business Development Daniel Dang mentioned this week on the RE-Source Southeast Conference in Sofia that there was a report variety of renewable power initiatives in Europe final yr, amounting to greater than 10 GW capability below company PPAs. Spain and Germany lead this market section, however the United Kingdom and France are additionally gaining momentum on this entrance. The variety of initiatives is growing each when it comes to innovation and maturity, Dang added.

There are actually many consumers of PPAs, or PPA contracts with power storage and energy technology, he mentioned, noting that the lately authorised design of the European Union’s electrical energy market prioritizes these company PPA. An instance of how the brand new design of the European electrical energy market is creating company PPAs is to permit initiatives that mix fee help via contracts for distinction (CfD) and PPAs, argued Dang. .

However, a big drawback for the company facet of the PPA is the fixed show of unfavorable or very low power costs within the continent’s electrical energy markets, a number of audio system on the convention mentioned.

The area ought to cease pondering of power markets like casinos, argues Dimitar Bartov, managing director of Sofia-based utility Synergon Energy. The previous few years have been a curler coaster, he mentioned. The pandemic despatched electrical energy costs down, whereas Russia’s warfare in Ukraine precipitated electrical energy costs to rise. However, builders and utilities ought to meet with purchasers and talk about this subject, in addition to the ability profiles of their purchasers, he added.

However, Southeastern Europe doesn’t have many giant or multinational companies to signal 10-year PPAs. Developers ought to usually provide decrease PPAs for mid-size firms, Bartov added.

However, Kamaryt mentioned there are various completely different PPAs within the area pushed by legislative variations between international locations.

There isn’t any single resolution to this variability, Dang mentioned. Investors and coverage makers have to assume systematically concerning the subject of volatility.

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