EU: record amount of PPAs signed this year

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2023 has set new records in the PPA market with 7.8 GW of renewable capacity secured to date. But there are still barriers that need to be removed.

Official Press Release WindEurope:

RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives

Wind Industry Profile of
RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives

Consistent growth of renewable corporate power purchase agreements (PPAs) proves that corporates are stepping up their commitments to the energy transition. But corporate energy buyers are calling on policymakers to use the EU Electricity Market Design (EMD) reform to remove the remaining barriers to PPAs.

Record-breaking year in the EU PPA market with companies procuring 7.8 GW of new renewable energy contracts year to date. To maximise PPA market potential, energy buyers call on policymakers to use the EU’s Electricity Market Design (EMD) to rapidly remove persisting regulatory barriers to PPAs and deliver the certainty needed to support European businesses’ net zero and energy security goals. The ongoing EU negotiations on the EMD... ... More: Official Press Release WindEurope

WindEurope, RE-SOURCE, event, PPA, record, Europe, industry, renewable energy, net zero, commitment, corporate energy, policymakers, EU

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