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According to the latest survey of PPA (power purchase agreement) prices of European companies in the first half of 2020 released by Bloomberg New Energy Finance BNEF, Sweden and Spain are the cheapest countries in Europe for wind and solar power companies
.
The survey found that the lowest price level of PPA for European onshore wind companies is in Sweden, with an average price of 30.
5 euros/MWh
.
The lowest price level of PPA for solar PV companies is in Spain, with an average price of 35.
3 euros/MWh, but it is still somewhat
higher than that of wind power.
Report author and BNEF analyst Helen Dewhurst explains, "In fact, PPA prices for wind and solar power companies in Europe vary widely
across countries.
For example, the gap between Sweden, where wind power prices are lowest, and the UK, which has the highest prices, is more than 30 euros/MWh
.
”
BNEF also found that installed capacity, project duration and contract structure are the main factors
affecting prices by comparing the span between minimum and maximum prices in nine major renewable energy markets in Europe.
In general, PPA prices are not static, but depend on a variety of factors, so there is never a single market price
.
In addition to technology, changes to PPA contract terms can also have a significant impact
on prices.
For example, the survey found that the average price of round-the-clock annual baseload contracts is between
€1.
5 and €3.
5 per MWh compared to standard pay-as-you-go production transactions that directly track renewable energy generation.
The degree to which quantity affects price is usually inversely proportional
to the size of the project.
The length of the project duration is another key factor
in corporate PPA pricing.
In Europe, an additional
fee of €1.
5-2.
5/MWh is charged for a 15-20 year term, compared to the standard 10-15 year term.
This is the main difference between Europe (9.
8GW) and the United States (40.
4GW), the world's two largest corporate PPA markets, where longer trading horizons bring discounts
.
Kyle Harrison, BNEF's analyst focused on corporate sustainability, said: "Almost half of the world's RE100 companies are based in Europe and we know the need
for clean energy.
However, for PPA activity to scale to the level of the United States, more inspiration
needs to be provided around regional nuances in terms of contract prices, structure, and duration.
”
According to the latest survey of PPA (power purchase agreement) prices of European companies in the first half of 2020 released by Bloomberg New Energy Finance BNEF, Sweden and Spain are the cheapest countries in Europe for wind and solar power companies
.
The survey found that the lowest price level of PPA for European onshore wind companies is in Sweden, with an average price of 30.
5 euros/MWh
.
The lowest price level of PPA for solar PV companies is in Spain, with an average price of 35.
3 euros/MWh, but it is still somewhat
higher than that of wind power.
Report author and BNEF analyst Helen Dewhurst explains, "In fact, PPA prices for wind and solar power companies in Europe vary widely
across countries.
For example, the gap between Sweden, where wind power prices are lowest, and the UK, which has the highest prices, is more than 30 euros/MWh
.
”
BNEF also found that installed capacity, project duration and contract structure are the main factors
affecting prices by comparing the span between minimum and maximum prices in nine major renewable energy markets in Europe.
In general, PPA prices are not static, but depend on a variety of factors, so there is never a single market price
.
In addition to technology, changes to PPA contract terms can also have a significant impact
on prices.
For example, the survey found that the average price of round-the-clock annual baseload contracts is between
€1.
5 and €3.
5 per MWh compared to standard pay-as-you-go production transactions that directly track renewable energy generation.
The degree to which quantity affects price is usually inversely proportional
to the size of the project.
The length of the project duration is another key factor
in corporate PPA pricing.
In Europe, an additional
fee of €1.
5-2.
5/MWh is charged for a 15-20 year term, compared to the standard 10-15 year term.
This is the main difference between Europe (9.
8GW) and the United States (40.
4GW), the world's two largest corporate PPA markets, where longer trading horizons bring discounts
.
Kyle Harrison, BNEF's analyst focused on corporate sustainability, said: "Almost half of the world's RE100 companies are based in Europe and we know the need
for clean energy.
However, for PPA activity to scale to the level of the United States, more inspiration
needs to be provided around regional nuances in terms of contract prices, structure, and duration.
”
