The Swiss analysis company Pexapark says that the Market for European Power Achterne Agreement (PPA) became strong in June after a bad result in May, with solar accounting for the majority of the newly signed capacity.
European developers have signed 20 PPAs a total of 1,429 MW in June, according to the latest report from the Swiss research agency for renewable energy sources Pexapark.
The result is an increase of 40% in the number of deal compared to the month prior and an increase of 700% in revealed volumes. Pexapark says that the result marks a sharp recovery after a “disturbing slip” in May, which has seen the lowest monthly volume since 2020. The result is also an improvement compared to the volume signed in June 2024.
Solar was good for 1,183 MW of the signed capacity over 12 ppas. The largest deal of the month was a PPA between independent power producer Enfinity Global Inc. And an unnamed American technology company linked to a 420 MW Solar Port Folio in Italy.
The second largest agreement of the month was between renewable energy producer Sonnedix and the Spanish national rail networks Renfe. Pexapark says that the agreement, linked to a solar port folio, has an estimated size of 240 MW based on the deal to buy 420 GWH energy annually.
Pexapark also notes that transport for London signed his first public announced PPA last month. Due to the 15-year agreement with EDF Renewables UK, it will purchase approximately 20% of a solar project for construction next year.
In total, business agreements accounted for more than 93% of the volumes of June, or 1,336 MW, over 15 deals.
The PPA prices of Pexapark kept largely flat month on a month, closing to € 49.60 ($ 57.75)/MWh for an increase of 0.5% at the result of May.
But the PPA prices experienced mixed movements in European countries in June, with Portuguese and Spanish markets saw the largest monthly increases, an increase of 4.9% and 4.2%. France, Germany, Italy and Poland also registered PPA price increases in June.
UK PPA prices saw the largest decrease in June, a decrease of 2.7%, while the Dutch and Nordic markets saw minimal decreases of 0.2%and 0.4%.
The latest report from Pexapark adds that after the first six months of the year the monthly volume average of newly signed PPAs in 2025 at 1,013 MW is. This is 26% lower on an average of 1,376 MW registered in the first six months of 2024.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
