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

By PV Tech
April 8, 2025
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.

Read Next

November 19, 2025
Econergy Renewable Energy has successfully connected its 52MW Resko solar project in Poland to the national electricity grid.
November 19, 2025
The world invested US$554 billion into solar PV projects in 2024, leading renewable electricity generation sources, according to IRENA.
November 18, 2025
TOPCon solar modules show signs of accelerated degradation, which undermines the long warranties promised by many manufacturers, according to new findings from German researchers.
November 18, 2025
Holosolis has secured €220 million (US$255.2 million) to support its construction of a module factory in France with a total capacity of 5GW.
Premium
November 18, 2025
PV Talk: George Touloupas of Intertek CEA explains how the regulatory environment is ratcheting up for the solar supply chain.
November 17, 2025
Spain has allocated up to €200 million (US$232 million) to fund “innovative” renewable energy and energy storage projects.

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 24, 2026
Lisbon, Portugal
Solar Media Events
June 16, 2026
Napa, USA