Pexapark

𝗦𝗽𝗮𝗻𝗶𝘀𝗵 𝗹𝗲𝗻𝗱𝗲𝗿𝘀 𝘀𝗵𝗶𝗳𝘁 𝘀𝘁𝗮𝗻𝗰𝗲 𝗼𝗻 𝗻𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝗽𝗿𝗶𝗰𝗲 𝗿𝗶𝘀𝗸𝘀, 𝗰𝗮𝗹𝗹 𝗳𝗼𝗿 𝗿𝗶𝘀𝗸-𝘀𝗵𝗮𝗿𝗶𝗻𝗴 Negative electricity prices are becoming more common in Spain, challenging the traditional risk allocation in PPAs where producers bear most of the risk. • Lenders are now pushing for more balanced risk-sharing to protect producers and ensure renewable projects remain viable, with certain unilateral risk allocations no longer accepted. • Some lenders now refuse to provide debt financing for projects with PPAs where producers bear all negative price risks, especially if no compensation is provided for both negative and zero-priced hours. • Often, debt-to-equity ratios are dropping below 50%, requiring developers to contribute more equity. Read more on the topic with insights from our Regional Lead Pepe Zaforteza, by accessing the article in full here: https://lnkd.in/deheG2-T #𝗣𝗣𝗔 #𝗘𝗻𝗲𝗿𝗴𝘆𝗠𝗮𝗿𝗸𝗲𝘁 #𝗡𝗲𝗴𝗮𝘁𝗶𝘃𝗲𝗣𝗿𝗶𝗰𝗲𝘀 #𝗦𝗽𝗮𝗶𝗻 #𝗖𝗹𝗲𝗮𝗻𝗘𝗻𝗲𝗿𝗴𝘆 #𝗘𝗻𝗲𝗿𝗴𝘆𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 #𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝗘𝗻𝗲𝗿𝗴𝘆 #𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴

𝗘𝗽 𝟰. 𝗧𝗵𝗲 𝗣𝗲𝘅𝗮𝗽𝗮𝗿𝗸 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 - 𝗕𝗲𝘆𝗼𝗻𝗱 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗣𝗣𝗔𝘀: 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗿𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗻𝗲𝘄 𝘁𝘆𝗽𝗲𝘀 𝗼𝗳 𝗽𝗼𝘄𝗲𝗿 𝗱𝗲𝗮𝗹𝘀 In the fourth episode of the Pexapark Podcast, Luca Pedretti critically reflects on #Denmark’s offshore wind setback; #Germany’s oversubscribed auction and how it stacks up against PPA prices; toxic energy debates on the back of the second #Dunkelfaute; the doom and gloom of Swedish onshore wind and more, followed by a vibrant discussion on exciting new PPA structures in the market. The risks and requirements of today’s PPA environment demand more creativity and an open mind to how deals are closed. Ann Cocquyt, Director & Regional Lead- PPA Transactions at Pexapark, reflects on her closed transactions portfolio and shares her practical thoughts on all the key new structures we see in the market. • From zero-price risk allocation clauses – which in reality should never have been a ‘new’ trend, to how Combo PPAs should be priced. • What are the different contractual setups of renewables-plus-storage deals? • Why are only big corporates able to lead the 24/7 demand? • And what is the one required ingredient to qualify for a Multi-buyer PPA? 𝗟𝗶𝘀𝘁𝗲𝗻 𝗻𝗼𝘄! 👉 https://lnkd.in/dZRPpExy #𝗣𝗣𝗔 #𝗘𝗻𝗲𝗿𝗴𝘆𝗠𝗮𝗿𝗸𝗲𝘁 #𝗡𝗲𝗴𝗮𝘁𝗶𝘃𝗲𝗣𝗿𝗶𝗰𝗲𝘀 #𝗖𝗹𝗲𝗮𝗻𝗘𝗻𝗲𝗿𝗴𝘆 #𝗘𝗻𝗲𝗿𝗴𝘆𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 #𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝗘𝗻𝗲𝗿𝗴𝘆

𝗢𝘂𝗿 𝗣𝗣𝗔 𝗧𝗶𝗺𝗲𝘀 – 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟰 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗶𝘀 𝗼𝘂𝘁 𝘁𝗼𝗱𝗮𝘆! 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱𝘀 > Most tracked commodity prices rose, with Germany's Cal25 power contract reaching a 1-year high over November. Pexapark's EURO Composite increased 3.8% month-on-month. On the regulatory front, Belgium’s newly launched offshore wind tenders create interest in how Europe's complicated offshore wind environment will unfold.   𝗣𝗣𝗔 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 > November's deal flow portrays a 10% month-on-month decrease in disclosed volumes and a sharper 26% decline in deal count. The year-on-year picture is mixed. Highlights: Mr Bezos' onshore wind spree in Greece; Deutsche Bahn’s first Power Storage Agreement (PSA) in Germany; and the Higgs Boson going green following CERN's science PPA.   𝗣𝗲𝘅𝗮𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 > In light of rising prices, the market outperformed the portfolio, which saw the lowest average monthly price for the year since April. With muted onshore wind production in Germany and France, gains are not in sight. Visit our website to login or register with Pexapark for immediate access 👉: https://lnkd.in/e9tpgFuR #ppa #renewableenergy #renewables #marketintelligence #ppatimes

𝗧𝗵𝗲 𝗖𝗦𝗥𝗗 𝗶𝘀 𝘀𝗲𝘁 𝘁𝗼 𝗿𝗲𝘀𝗵𝗮𝗽𝗲 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗽𝗿𝗼𝗰𝘂𝗿𝗲𝗺𝗲𝗻𝘁 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 Starting in 2025, corporates will face stricter reporting standards, impacting how they disclose energy consumption, CO2 emissions and renewable energy strategies. In essence, the Corporate Sustainability Reporting Directive (CSRD) seeks to enhance and standardize sustainability reporting, adding extra layers of accountability and, transparency. For green energy procurement strategies, traceability is becoming paramount. For corporates to be able to report any form of energy consumption from renewables in their activities, the origin of the renewable energy must be clearly stated. This strict accountability creates a direct link between CSRD compliance and PPA procurement, as companies must disclose the contractual arrangements underpinning their renewable energy usage. Read more on the initiative, who will be impacted, and the timeline details by accessing the article in full here: https://lnkd.in/eKw9rNN7 #PPA #RenewableEnergy #CleanEnergy #EnergyTransition #CSRD #CorporateSustainability

“𝗧𝗵𝗲 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗺𝘂𝘀𝘁 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗲” The latest edition of Tamarindo’s Finance Quarterly Q4 2024 is featuring an interview with our Chief Operating Officer and Co-founder Luca Pedretti on the growing demand for 24/7 power from data centre operators. The market is seeing a growing tension between sustainability goals and operational requirements, meaning that renewables risk losing to rival sources. Thank you Tamarindo for the feature, always a pleasure! You can access the publication here 👉https://lnkd.in/dYzBjXY8 #renewables #renewableenergy #ppa #sustainability

𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 𝗧𝗼𝗽𝗶𝗰 - 𝗥𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗿𝗼𝗺 𝗥𝗘-𝗦𝗼𝘂𝗿𝗰𝗲 '𝟮𝟰: 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗲𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 𝗺𝗶𝘀𝗺𝗮𝘁𝗰𝗵 𝗮𝗻𝗱 𝗮 𝗯𝗹𝗲𝗲𝗱𝗶𝗻𝗴 𝗮𝗹𝘂𝗺𝗶𝗻𝗶𝘂𝗺 𝘀𝗲𝗰𝘁𝗼𝗿 Re-source has become the most lively representation of the European market, and this year was no exception. The ambience was full of ‘loud’ trends, but we also picked up some more ‘unspoken’ notes of the market’s pulse. The mismatch of pricing expectations between buyers and sellers is becoming more nuanced, as are the responses that the manifestation of the cannibalization effect is triggering to different players. A particular graph on the bleeding aluminium production in Europe put the urge for competitive PPAs into a new perspective. Visit our website to login or register with Pexapark for our edit of some interesting food for thought that stayed with us, and more 👉: https://lnkd.in/e9tpgFuR #ppa #renewableenergy #renewables #marketintelligence #ppatimes #ReSource24 #cannibalizationrisk

Friday food for thought: What is your take on these future trends?

𝗘𝗽 𝟯.𝗧𝗵𝗲 𝗣𝗲𝘅𝗮𝗽𝗮𝗿𝗸 𝗣𝗼𝗱𝗰𝗮𝘀𝘁: 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗠𝘂𝗹𝘁𝗶-𝗕𝘂𝘆𝗲𝗿 𝗣𝗣𝗔𝘀 In this third episode, Luca Pedretti’s commentary on all things global renewables covers the attractiveness of GSE’s Energy Release Platform destined to serve Italian energy-intensive industrials; Spain’s energy storage consultation; US’s Grain Belt Express high-voltage direct line project confirming that there’s no transition without transmission, and more, followed by a spotlight conversation on Multi-buyer PPAs. The PPA Market is moving in new frontiers, with Multi-buyer PPAs receiving much attention due to their promise to unlock new demand segments by aggregating smaller buyers. Luca dives behind the topic with Jon Sigvert, CEO & Co-founder at Reel, a Copenhagen-based B2B electricity supplier and balancing responsible party only active in the Corporate PPA space, unfolding the opportunities and the challenges of the concept and how aggregation can eventually facilitate 24/7 PPAs. Listen now! 👉 https://lnkd.in/eUdVcX6z #RenewableEnergy #PPA #EnergyMarket #renewables

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗯𝗲𝘆𝗼𝗻𝗱 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝗰𝘀 𝗼𝗳 𝗣𝗣𝗔𝘀 𝗮𝗻𝗱 𝘁𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 𝗲𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗹𝗲𝘃𝗲𝗹? Due to popular demand, we have brought back our most successful academy: 𝗠𝗮𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗣𝗣𝗔𝘀 𝗮𝗻𝗱 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗗𝗲𝗮𝗹𝘀 Over an intensive, two days you’ll be guided by Pexapark’s seasoned renewables professionals who have a track record of 35+ GW in PPA transactions including 1+ GW of BESS optimisation experience. What you will walk away with: • Knowledge of different PPA and BESS optimisation agreement structures • Insights into European trends and market activity in key countries • Awareness of the important commercial terms used within #PPA and #BESS optimisation agreements • A deeper understanding of the crucial drivers, and value and risk components of PPA pricing • An overview of the offtake contracting landscape for key BESS markets in Europe This is your opportunity to deepen your expertise, connect with industry peers and become a leader in structuring successful PPAs and battery optimisation agreements. Secure your spot today by following the link below—spaces are limited! #ppa #renewableenergy #renewables #energystorage #energymarkets

𝗨𝗽𝗱𝗮𝘁𝗲𝘀 𝗶𝗻 𝗚𝗲𝗿𝗺𝗮𝗻𝘆’𝘀 𝘀𝗼𝗹𝗮𝗿 𝗰𝗮𝗽𝘁𝘂𝗿𝗲 𝗰𝘂𝗿𝘃𝗲 𝗹𝗲𝗮𝗱 𝘁𝗼 𝗮𝗱𝗷𝘂𝘀𝘁𝗲𝗱 𝗣𝗣𝗔 𝗳𝗮𝗶𝗿 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 In 2024, solar realized capture rates in Germany declined significantly. What are the capture risk expectations of buyers and sellers in the market? Following new price evidence on the back of Pexapark’s latest PPA Price Poll, our quants adjusted the country’s solar curve to align with the level and shape of the latest market consensus on solar capture assumptions priced into PPAs. Head to the Market Insights section of PexaQuote for more commentary on the depth of the change across 5- and 10-year tenors and more insights on narrative behind the update: https://lnkd.in/e9wpDwPg Don’t have a PexaQuote license? Get in touch and we’ll help you sign up so you can stay updated with our extensive renewables market coverage: https://lnkd.in/gS_ARNiG #PPA #RenewableEnergy #CleanEnergy #EnergyTransition #Germany #Cannibalization