It will be 10 times more expensive to operate gas-fired power plants in Europe than to build new Solar PV capacity in the coming years, according to research by Rystad Energy.
Spain has started the process to celebrate a fourth round of renewables auction in November with 1.8GW of solar capacity to accelerate its electrification.
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.
