In early December, the Dutch government announced a €130/MWh revenue cap on solar and wind generation. The decision to lower the cap draws eyes, and potentially spells trouble for the country that installed Europe’s fourth largest solar capacity in 2022.
A subsidiary of US utility American Electric Power (AEP) has issued a request for proposals for off-take from new and existing solar and wind facilities in the PJM Interconnection area and new solar facilities located in the ERCOT area.
A patchwork implementation of the EU’s power revenue cap could stall renewables development and dent investment, according to LevelTen Energy, a power purchase agreement marketplace operator.
The top ten developers for utility-scale solar accounted for 125GW of operational, under construction and contracted projects between July 2020 and June 2021, according to a report from research firm Mercom Capital Group.
Against the backdrop of Europe's energy crisis and the war in Ukraine, power purchase agreements in Poland have been garnering increasing attention from utilities and corporates alike that are concerned with future prices trends and are opting to lock in supply now at higher prices.