Swiss consultancy Pexapark says European developers signed 24 power purchase agreements (PPAs) in July totaling 1,196 MW, with a capacity increase of 27% month-on-month, led by solar agreements such as Europe’s largest decentralized PPA for solar energy in France.
According to Pexapark’s latest report, European developers signed 24 PPAs for 1,196 MW in July.
July ended with a 27% increase in PPA volume compared to Junewith 24 signed deals. Pexapark said this makes July the fourth strongest month of 2024 so far.
Tracked PPA prices reached €51.60 ($57.38)/MWh in July, up 3.1% month-on-month. French and Scandinavian PPA prices saw the largest increases, with increases of 5.2% and 5.1%, while increases were also recorded in the Dutch, German, Italian, Portuguese and Spanish markets. Great Britain and Poland saw PPA prices fall slightly, by 0.2% and 0.3%.
The largest PPA of the month took place in France, where retailer and wholesaler Carrefour signed a 350 MW on-site solar agreement with French renewable energy company GreenYellow. Pexapark said the deal is the largest decentralized solar PPA in Europe to date, and the largest solar PPA registered to date in France, with a 20-year term covering 350 Carrefour locations in the whole country.
Under the terms of the PPA, half of the multi-site development will come into service by the end of 2026. According to Pexapark’s report, the sites will produce a total of 450 GWh per year once completed.
A 134 MW Italian solar deal between A2A Group and Enfinity Global was the second largest deal in July. It was the only utility PPA of the month.
Meanwhile, Luxembourg signed its first PPA in history. Enerdeal, a sister company of EDP, and tire manufacturer GoodYear Luxembourg have signed the 20-year on-site PPA, which will see 5 MW of rooftop solar and a 2 MW carport system installed on the company’s premises in Colmar-Berg , Luxembourg. The project is expected to produce 6.5 GWh upon completion in the first half of 2025.
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