Pexapark, a Zurich-based renewable energy consultancy, has published its latest report, pointing out a significant drop in European PPA activity in March.
According to the report, Russian invasion of Ukraine is impacting PPA pricing, and Europe might witness highly convoluted power price curves for the rest of the year.
The average price of signed PPAs in March was 77.37 euro per MWh, which was 3% higher than the February average of 74.9 euro. Due to price hikes in the first and second years, Pexaprak added that downside risks exceed possible benefits in PPA pricing.
