Europe’s renewable energy procurement market shows record growth amidst new challenges

By PV Tech
Facebook
Twitter
LinkedIn
Reddit
Email
The 2024 Renewable Energy Revenues Summit.
The May will see the fourth edition of the Renewable Procurement & Revenues Summit. Image: Gareth Davies, Solar Media.

In a remarkable display of commitment to the sustainable energy transition, European corporate renewable energy procurement broke records in 2024, surpassing the previous high of 10.8GW set in 2023.

This impressive growth underscores Europe’s position at the forefront of global renewable energy, with countries across the continent making significant strides in diversifying their energy portfolios.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Spain has emerged as the clear frontrunner in Europe’s renewable procurement landscape, with an impressive 11GW of contracts secured. Not far behind, Germany has solidified its position with 6.7 GW, followed by Sweden (4.6GW), the UK (4.3GW), France (3.3GW) and the Netherlands (2.9GW).

Despite this remarkable growth, the European renewable energy procurement landscape faces several challenges that are reshaping market dynamics. High capital costs, fluctuating interest rates and increasing concerns around power purchase agreement (PPA) transparency and additionality are compelling businesses to reconsider their approach to renewable procurement strategies.

In addition, energy professionals must now navigate diverse regulatory frameworks, varying grid infrastructure capabilities and market-specific nuances across countries from Romania to Ireland and Poland to Spain.

The need for market-specific expertise has never been more critical as the European energy ecosystem continues to evolve.

In response to these market dynamics, industry leaders from across Europe will gather at the Renewable Procurement & Revenues Summit 2025 this May. Now in its fourth year, this event brings together key stakeholders from across the renewable energy value chain, including energy buyers, sellers, utilities, investors and policy makers.

The summit offers dedicated networking opportunities around key energy markets and sectors, with specialised roundtables focusing on 15 EU markets and four critical offtake sectors: data centres, heavy industry, public sector bodies and corporates. This targeted approach allows attendees to connect with potential partners and clients in a focused environment designed to facilitate meaningful business relationships.

Beyond networking, the event provides thought leadership on crucial topics including the future of grid infrastructure, power market dynamics, PPA pricing strategies, certification requirements, and regional-specific regulations. Participants will gain practical insights they can immediately implement to optimise their renewable energy strategies and navigate Europe’s energy transition with greater confidence.

For energy professionals seeking to stay ahead of these market developments, connecting with peers and potential partners from across Europe has never been more valuable. By sharing experiences, strategies and solutions, the continent’s renewable energy ecosystem can collectively address the challenges and seize the opportunities that lie ahead in Europe’s sustainable energy future.

Make this happen by joining us at the Renewable Procurement & Revenues Summit 2025.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 10, 2025
A project claimed to be Germany’s largest agriPV plant has been commissioned in the north-east of the country.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA