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Pexapark, a leading provider of software solutions for renewable energy, predicts a 'golden era' for the European Power Purchase Agreement (PPA) market. According to their forecast, the market will see 350 deals by 2024. The Platts-Pexapark PPA index for a standard 10-year solar PPA in Spain was pegged at Eur30.65/MWh on Feb. 9 for Spain and Eur44.51/MWh for Germany. The premium of 5-year over 10-year PPAs averaged Eur18/MWh across Europe in 2023 ranging from Eur28/MWh in France to just Eur5/MWh in Finland, according to Pexapark. Stay tuned for more updates on the evolving renewable energy market.

Investors are closely monitoring Australia's National Electricity Market (NEM) for emerging investment opportunities during its transition. We anticipate battery capacity to grow sevenfold by 2030, with most of this expansion already secured. Renewable investment is also set to expand, particularly onshore wind, however we expect that the Government will fall short of its 82% renewable energy target by 2030. We’ve just released our Australian NEM report for Q2, which, coincidentally is the 25th edition of the report, and draws upon our 25 years of power market modelling experience. Learn more about the report and how it can help investors: https://ow.ly/m06b50SQRiz #NEM #LowCarbonCapital #LowCarbonFutures Peter Sherry | Bradley Steel | Tim Walker | Enzo Zhong

Interesting trend in European #PPA pricing, including supplies, albeit probably temporary (with some #solarpanel prices at the moment around €10/W in bulk) " Most PPA prices in Europe reflected lower electricity and raw material prices. The Swiss consulting firm's EURO Composite fell 3.3% month on month and stood at €52.20 ($56.90)/MWh. For comparison, in November last year, European PPA prices reached €94/MWh. " #electricitymarkets #renewables

Wood Mackenzie’s power modeling shows that China’s power sector carbon emissions will peak in 2027, three years ahead of the 2030 target. Our latest research, the China Power Market Report 2024, reveals that US$1.2 trillion will be invested in #wind, #solar, and storage over the next decade, with 90% coming from #renewables. Power demand is expected to grow at an average of 5% annually through 2030, driven by electrification, high-tech manufacturing, datacenters, and strong residential and commercial demand. Since the 2060 carbon neutrality goal, renewable deployment has surged, with the share of renewables rising from 30% in 2023 to 46% by 2030 and 64% by 2050. As China moves towards a hybrid power market, wind and solar developers will closely monitor revenue and curtailment challenges. Learn more about China's power market dynamics in the China Power Market Report 2024. Email us at [email protected] or comment below! #EnergyTransition #Sustainability #CarbonNeutral #CleanEnergy #ClimateAction #Bewoodmacsure

According to a recent report from LevelTen Energy, the national #P25 #solarpower #purchaseagreement (#PPA) #prices in the #US in #Q4 of #2023 rose 3% compared to #Q3, while P25 #wind prices increased 5%. https://lnkd.in/gQyNShyY

Our Q4 2023 PPA Price Index Report for Europe is live!🚀 Whether you're a seasoned pro or just diving into the world of renewable energy, this report has something for everyone. What you'll find inside: ⚡ Insights on how aggregated PPAs can be an innovative solution to tackle emissions across corporate supply chains 📈 Country-specific PPA price trends — including a solar market shifting as supply chain pressures continue to ease 📑 Guidehouse perspective on the European PPA market and how buyers and developers can navigate aggregated PPAs Have questions or want to share your thoughts? Drop a comment below or send us a message!  🌱💬 Ready to dive in? Purchase the report today! Visit: https://lnkd.in/gtRQBrBN #PPAPriceIndexReport #Europe #LevelTenEnergy #RenewableEnergy #PPAReport

“The Merrimack Generation Station in Bow, New Hampshire, a 482 MW coal plant that had been winning capacity bids until 2023, failed again to win any bids. The plant’s last payments of $785,000 a month will end with the closure of the 2025-2026 capacity season. According to the plant owners, the only financial path forward is to rely on revenue generated from supplying electricity during winter peak demand periods.” Traditional fuels (coal) that gets paid by traditional markets (baseload plants running at peak demand and cost averaging low demand and producing energy at a loss), are losing more and more market share as faster inverter based energy resources (solar and batteries) are able to jump to the rescue in milliseconds for hour long price spikes, instead of requiring hours of heat up time. As we move flexible load to lower cost and lower demand periods (Electric vehicles and hot water heaters), lower peak prices will no longer be enough for baseload power plants to cost average and still come out ahead. In the very near future traditional generation will stop being competitive in traditional markets. And when we have many large plants going bankrupt at the same time, we will have very few resources to step up in the case of unforeseen demand. This is why all the way down to a 7kW solar system bidding 2kW of grid capacity is so important. Every car, every roof, every hot water heater matters in the short term. Eventually the balance will be restored when there is enough alignment of resources, but in these early days, the cost of energy will increase quickly. And only those who own their own generation will be protected. Just like the COVID toilet paper shortage, we will have grid demand exceed local storage until homes have their cars and hot water heaters working together to hold many days of self generated solar power. All this to say, those that own their power have nothing to fear, but those exposed to having to buy their own power should prepare for spiking energy prices caused by low cost power putting resilient backup systems out of buisness.

E-Acumulatori.ro shows that the market of accumulators for storing the energy produced from the use of photovoltaic panels will register a significant development in the coming years ► https://lnkd.in/gJqCpf8x #esg #esgnews #esginvesting #sustainabledevelopment

This is a simple balanced article from a utilities executive in Alberta outlining the challenges and potential considerations as we transition to a NetZero grid. Interestingly, these challenges do exist in other deregulated markets and traditional utility monopoly markets in emerging economies in Asia. #renewables #gridreliability #greenenergy https://lnkd.in/gM8hbbcX

Via ESN: " Over 1.8GW of energy storage clears in ISO New England’s latest Forward Capacity Auction: Results of the 18th Forward Capacity Auction (FCA) held by ISO New England have been filed, with energy storage’s participation having soared in recent years. " #EnergyStorage #Energy #BatteryStorage