Which companies are bidding for PPAs?

Renewable Exchange said that new offtakers have recently begun bidding for PPAs on its platform including Trailstone, Brook Green, Conrad Energy and Octopus Energy. They join companies such as Smartest Energy, EDF, Drax (previously Opus), Good Energy, Ecotricity, Ovo, Statkraft, Limejump, Total and Engie, according to Renewable Exchange.

Will a solar project affect PPA prices?

While the location and connection voltage of a solar project will influence the PPA price it can achieve, Renewable Exchange reported that indicative prices have roughly doubled on last year.

How many solar projects have signed PPA contracts?

Renewable Exchange reports that 25 solar projects have signed PPAs with offtakers over the past week, totaling 130 MW of generation capacity. “Generators now seek to secure their PPA contracts much further into the future, too,” says Chris Smith, chief commercial officer at Renewable Exchange.

Will UK electricity retailers sign solar power purchase agreements?

On the back of high wholesale prices, U.K. electricity retailers are intensifying efforts to sign power purchase agreements with solar projects. Online PPA brokerage Renewable Exchange has reported the development, noting that 130 MW of solar PPAs have been signed in the last week alone.

Why do energy retailers want to sign PPAs with solar?

Shortfalls in the supply of natural gas and challenging wind power generation conditions have resulted in high and highly fluctuating wholesale power prices in the United Kingdom. As a result, Renewable Exchange argued, energy retailers are showing a growing willingness to sign PPAs with solar generation assets.