A round-up of the latest news from the power purchase agreement market, including a virtual PPA between EDF and Thermo Fisher Scientific in Texas, Engie signing a 116MW PPA with Digital Realty in Germany and PG&E securing 30MW of community solar PPAs.
For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.
The considerable expansion of Poland’s solar PV market looks set to continue, with interconnection issues standing as the only impediment to growth, according to panellists speaking at the Solar Finance & Investment Europe 2023 conference.
Amid potential supply chain bottlenecks as China increases its PV manufacturing dominance, companies in markets such as the US, India and Europe are looking to leverage new policy support to scale up domestic production. Jules Scully charts the industry’s efforts to onshore solar module manufacturing.
Danish developer Better Energy and pension fund Industriens Pension have expanded their partnership with a further investment of €800 million in solar parks across Northern Europe.
Solar investors believe that Europe can be a competitive market for PV manufacturing and compete with the US Inflation Reduction Act (IRA), as ESG and energy security concerns will drive money to the continent.
