The Swiss consulting agency Pexapark stated that the overall capability of signed energy buy agreements (PPAs) in Europe decreased by 36% within the month of June. For the primary time, no utility PPA was recorded, as all offers had been company.
European builders signed 23 PPAs totaling 944 MW in June, in accordance with the most recent report from Pexapark.
The month-to-month whole represents a 28% lower in deal rely from May and a 36% lower by way of volumes. But this represents a stronger efficiency than in June 2023, when 23 PPAs had been signed for a complete of 698 MW.
Tracked PPA costs reached €50.10 ($54.28)/MWh in June – a 1.5% month-on-month lower. Pexapark attributed the change in income final month to the retreat in electrical energy costs in Europe and a slight enhance in fuel costs.
PPA costs decreased month-on-month in France, Great Britain, Germany, Italy, the Netherlands, the Nordics, Poland, Portugal and Spain, with the most important decreases in Great Britain (3.2%), Italy (2.7%) and the Netherlands (2.2 ). %).
Pexapark stated that for the primary time, there might be no utility PPAs through the month’s deal.
“However, as company urge for food turns into extra nuanced, we have now noticed some uncommon offtakers, selling the unfold of PPAs from giant companies to extra area of interest segments,” Pexapark stated.
The two largest offers in June each concerned Microsoft. The first is a 230 MW cope with Spain’s Repsol for six 12-year digital PPAs tied to 3 photo voltaic vegetation and three wind farms. The second is a 180 MW deal for onshore wind and photo voltaic in Sweden and Denmark with European Energy.
The third largest deal is a 139 MW photo voltaic PPA between French railway operator SNCF and Neoen. This marks SNCF’s tenth deal, making it one of many largest PPA patrons within the European transport sector.
Meanwhile, Bridlington Town AFC, a soccer membership in northeast England, signed an eight-year on-site PPA. The membership’s energy might be generated by 700 photo voltaic panels on the roof of the stadium, with a complete of 180 kW, within the so-called Pexapark, the primary PPA signed by a soccer membership in Europe.
“The dimension of the PPA makes this deal one of many smallest we have now seen thus far and additional factors out that PPAs are now not for giant and skilled gamers with excessive consumption solely,” Pexpark stated. . “Even at this price, the membership will save roughly GBP 42,000 ($54,200) per yr.”
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