Energy market turmoil in Europe at the end of last year is causing a fundamental change in the power purchase agreement (PPA) market as volatility spikes reach 250% and throw into question the viability of long term PPAs.
With electricity consumption in Denmark expected to double in the next nine years, driven in part by the electrification of heating and transport, the country’s solar sector is hopeful that authorities will finance much-needed grid upgrades in a way that doesn’t stymie renewables deployment.
A round-up of the latest news from Europe’s solar market, as European Energy sells off Denmark’s first solar farm built using bifacial panels and both RWE and Octopus snap up French solar assets.
A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.
Meyer Burger and others propose 2GW PV-making plant that would equip 10GW downstream portfolio, which in turn would power hydrogen production for sale to heavy industries.