Record number of European PPAs in 2023, says Pexapark

The European market for power purchase agreements (PPAs) reached 16.2 GW in contracted volumes in 2023, up 40% year on year. Pexapark, a Swiss consulting firm, says the result marks a "golden era" for European PPAs, as it predicts the market to surpass 20 GW in 2024.The European PPA market broke records for both the volume and number of deals signed in 2023. According to a report from Swiss consulting firm Pexapark, 2023 saw 16.2 GW of disclosed contracted volumes, a 40% increase on the previous year. Deal count totalled 272 PPA announcements, a 65% increase from 2022. Total solar PPA volumes ...

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