PV Tech Premium examines the impact of Europe's energy crisis on both PPAs and merchant trading, exploring the different factors companies ought to consider when deciding on the balance of their operations
European renewable power purchase agreement (PPA) prices surged 8.1% in Q1 2022 and 27.5% year-over-year as the effects of the war in Ukraine further deepened the region’s energy crisis and caused upward price pressures, according to LevelTen Energy.
Spain has sought to regulate the installation of floating solar PV on reservoirs in the country, issuing a list of requirements based largely on water quality.
Spain is to fast-track solar PV projects with generation capacities of up to 150MW as part of a suite of measures the country has enacted to help ease an energy crisis affecting the country.
Europe can halve the amount of gas in its energy mix and reduce energy costs by €323 billion (US$356 billion) if it rapidly accelerates renewable deployment, according to a new report from energy technology group Wärtsilä.
France should take “radical and immediate measures” to transform its energy system and rapidly accelerate solar deployment, the country’s PV trade association has said.
Russia’s invasion of Ukraine means that ensuring security of energy supply through the expansion of renewables should be a priority for policymakers, according to the CEO of German utility RWE.
Eastern European solar markets face a familiar foe in grid constraints, especially with high voltage network capacity, but high energy prices are creating potential for merchant projects in the region.
The European Commission (EC) will look to simplify renewables permitting as part of a new strategy aimed at increasing the EU’s energy independence while ending its reliance on Russian gas before 2030.
Italy must accelerate the authorisation of new solar projects to reduce the country’s reliance on imports of Russian gas, the president of industry trade association Italia Solare has said.
