Swiss consulting agency Pexapark says European builders signed 13 energy buy agreements (PPAs) price 460.4 MW in August, a 62% month-on-month drop in capability. This represents the bottom month-to-month PPA quantity since August 2023.
European builders signed 13 PPAs for 460.4 MW in August, based on the newest report from Pexapark.
The result’s a 62% discount when it comes to volumes in comparison with July. The Swiss consulting agency stated this was the bottom month-to-month capability PPA since August 2023, which noticed 318 MW in 10 offers, and “is due to this fact according to comparable patterns in earlier years.”
Tracked PPA costs reached €52.25 ($58.46)/MWh in August, a 1.3% improve in comparison with August. British PPA costs recorded the most important improve, gaining 3.7%, which Pexapark stated was pushed by volatility in world fuel markets. PPA costs additionally elevated in Italy, the Netherlands, the Nordics, Portugal and Spain, however fell in France, Poland and Germany by 0.9%, 0.2% and 0.1%.
For the second month in a row, French retailer Carrefour signed the most important PPA of the month, this time for 89 MW of photo voltaic and onshore wind with Spain’s Engie. The deal will see it fall by way of the cracks 180 GWh per yr from two photo voltaic arrays and two onshore wind farms.
This was adopted by a PPA between Norway’s Statkraft and an unnamed expertise firm for the output of 80.5 MW South Meath is a mountain in Ireland.
Pexapark famous that Ireland has already seen eight PPAs this yr, in comparison with 4 all through 2023.
“Six of those are onshore PPAs, which is an unusually excessive share in comparison with different nations,” Pexapark stated, including that the majority got here from the nation’s massive IT sector.
By August, the month-to-month common for brand spanking new PPA capability in 2024 reached 1,295 MW, barely decrease than the 1,332 MW recorded throughout the identical interval in 2023.
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