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.
European Union (EU) member states are planning a surge in renewables to replace fossil-fired generation as COVID-19, soaring gas prices and Russia’s war in Ukraine put pressure on countries to move towards cleaner and cheaper sources of power.
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
PV Tech Premium sat down with Pexapark's head of quantitative products following the release of the advisory firm's European PPA Market Outlook 2022 report that predicted “fundamental changes” to European PPA markets.
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.
