Italy has taken over the top spot as Europe’s most active market for renewable power purchase agreements (PPAs) with the highest proportion of price offers under development as deals in Spain and the UK fell back, likely due to new offers of government support in those two markets, according to clean energy platform LevelTen Energy.
Flemming Sørensen , vice-president of Europe at LevelTen, said the UK government’s commitment to support up to a doubling of the capacity to be made available in next years contract for difference auction and Spain’s recent €181m ($214m) injection of state funds into renewables projects in seven regions “may have impacted on PPA offers in both countries as developers reassess their options”.
