Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 6:27 .

European Corporate PPA Market Sees Major Growth with Solar Leading, as Innovation and Sector-Wide Interest Drive Renewable Energy Transition

Annie Scanlan from RE-Source Platform opened a session on Power Purchase Agreements (PPAs) and on-site renewables, highlighting the growth of corporate energy buyers in Europe. She presented data showing the significant rise in PPAs since 2013, with over 10.4 gigawatts procured last year—primarily driven by solar energy. The trend shows corporations increasingly financing renewable electricity as part of their decarbonization efforts, benefiting developers looking for market routes. Big tech companies initially led this transition; however, heavy industries like chemicals and steel are also adopting renewables due to their high electricity demands. Emerging sectors such as transport, automotive, retail, and telecoms show growing interest in PPAs. Spain remains a leader in PPA markets due to its favorable conditions but faces competition from Germany's burgeoning wind market. Innovation is crucial for integrating renewables confidently into corporate operations, leading to trends like mixed PPAs with storage solutions or multi-buyer agreements exemplified by initiatives like Carlsberg's storage-integrated PPA or fashion brands' collective procurement deal with Light Source BP. Scanlan concluded by promoting an upcoming Resource event focused on PPAs in Europe and introduced Victoria Santos from Wood Mackenzie to delve deeper into European solar PPA markets.

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Speaker

Annie Scanlan
Policy & Impact Director
RE-Source Platform
Belgium

Talk of session: Corporate Power Procurement & PPAs: Lessons Learned about Powering Corporates using PPAs

Corporate renewable PPAs have become a strong pillar of the European solar market, growing by over 40% in 2023. The major share in this segment was solar power, with over 16 GW of contracted volume.

The new EU Electricity Market Design Directive supports this trend by requiring member states to remove all barriers to the development of PPAs and to design incentives, including government-backed guarantees.

The session will discuss:

• The PPA market today and tomorrow
• Overview of PPA products & background
• Corporate PPA case studies
• Legislative changes affecting solar PPAs

Further Talks of this session:

Charting the Course: Insights Into European Solar Power Purchase Agreements

Speaker

Victoria Santos
Research Analyst, Power and Renewables
Wood Mackenzie
United Kingdom

To Talk

Effects on Solar Capture Rates and Curtailment on PPAs in Europe

Speaker

Ignacio Garcia Vera
Energy Markets Senior Consultant
AFRY Management Consulting
Spain

To Talk

Bundling Onsite Solar PV With Battery Storage & PPAs to Unleash the Full Renewable Potential of C&I

Speaker

Eric Sebaoun
Business Development Director - Distributed Solar & Storage
Engie
Spain

To Talk

PPA Contracting and Negotiation Considerations

Speaker

Lars Schmidt
Partner
EY
Germany

To Talk

Panel Discussion

Speaker

To Talk