Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
The weekend read: European solar comes of PPAge
https://www.pv-magazine.com/2019/04/20/the-weekend-read-european-solar-comes-of-ppage/The weekend read: European solar comes of PPAge
From scorching Seville to rainy Rostock, investors claim that power purchase agreements (PPAs) have made European solar farms bankable without government subsidies. By providing lower risk for cheaper capital, they are powering a renaissance in established PV markets and lowering the cost of solar electricity in Europe.
April 20, 2019 PV Magazine
Last month, a single contract signed into existence 708 MW of photovoltaic arrays to be built across the Iberian Peninsula. The mammoth deal between offtaker Audax Renovables and developer WElink will roll out as much solar capacity as was installed in Spain and Portugal from 2013 to 2017 combined.
It is no isolated event. Artur Lenkowski, Senior Associate at IHS Markit, says that solar PPA activity in Europe grew from 360 MW in 2017 to more than 2.4 GW in 2018. These projects bring together a colorful range of investors and operate across diverse jurisdictions, but one point many have in common is that they are being built without government subsidies.
“We are competing head-on with market rates,” says Peter Alex, head of investor relations at Energiekontor, which has just signed a 15 year PPA with electricity supplier EnBW for an 85 MW solar farm near Rostock, Germany. “The project came as a big surprise to the market and politicians, but we can already sell solar electricity in Germany that is competitive with fossil fuels and nuclear.”
…
From scorching Seville to rainy Rostock, investors claim that power purchase agreements (PPAs) have made European solar farms bankable without government subsidies. By providing lower risk for cheaper capital, they are powering a renaissance in established PV markets and lowering the cost of solar electricity in Europe.
April 20, 2019 PV Magazine
Last month, a single contract signed into existence 708 MW of photovoltaic arrays to be built across the Iberian Peninsula. The mammoth deal between offtaker Audax Renovables and developer WElink will roll out as much solar capacity as was installed in Spain and Portugal from 2013 to 2017 combined.
It is no isolated event. Artur Lenkowski, Senior Associate at IHS Markit, says that solar PPA activity in Europe grew from 360 MW in 2017 to more than 2.4 GW in 2018. These projects bring together a colorful range of investors and operate across diverse jurisdictions, but one point many have in common is that they are being built without government subsidies.
“We are competing head-on with market rates,” says Peter Alex, head of investor relations at Energiekontor, which has just signed a 15 year PPA with electricity supplier EnBW for an 85 MW solar farm near Rostock, Germany. “The project came as a big surprise to the market and politicians, but we can already sell solar electricity in Germany that is competitive with fossil fuels and nuclear.”
…
