Pexapark, a Swiss renewable energy investment and consulting firm, said in a recent report on European PPAs that renewables “are the absolute winners of 2022 and the years to come in an environment of crisis and difficulties.”
Developers announced 16 PPAs totaling 1,881 MW of capacity in November, 24% more than in October and the highest volume of deals signed in 2022, in terms of megawatts.
Most of the increase came from two contracts signed by Microsoft in Ireland (900 MW), representing almost half of the total monthly capacity, and two PPAs for a 900 MW offshore wind farm signed by the German energy company EnBW. The composite price index for renewable PPAs increased by 7.4% month on month.