According to Pexapark, power purchase agreement (PPA) prices are falling in Europe, with prices falling 6.4% in Spain and 6.2% in Portugal to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.
Swiss consulting firm Pexapark noted in its April monthly report that the electricity market is now recovering following a series of uncontrollable events that have affected the European energy industry.
At the price level, the Pexa Euro Composite index decreased by 2.5% per month due to the decrease in the prices of electricity and raw materials. The biggest drop was in the Netherlands, 9.5% to €56.72/MWh, while Spain and Portugal saw 6.4% and 6.2% to €40.90/MWh and €39.60/MWh, respectively.
In Great Britain, however, prices rose in April by 3.5% to €82.29/MWh and in the Scandinavian countries by 1% to €50/MWh, while in Italy they rose by 0.7% to €75.60/MWh.
After a strong first quarter of 2023, PPA activity slowed in April with 16 announcements totaling approximately 922 MW, down 55% from March. This is the lowest monthly capacity since last September, when there were eight fewer registered contracts, representing a 33 percent drop.
printed edition of pv magazine
In the latest issue pv magazine we turn the spotlight on Europe’s solar energy by conducting a comprehensive review of the state of the solar industry in the region’s most important markets and examining legislation aimed at driving the roof solar boom. We also explore the difficulty of establishing a solar panel recycling industry in Australia, where the industry background is unhelpful.
A notable deal this month was Statkraft’s acquisition of NextEnergy’s 210 MW Portuguese solar portfolio, resulting in the purchase of 341 GWh per year.