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EMEA Corporate PPAs Reach 7.8GW in June
27 global corporations entered PPAs in June, albeit dropping from May, with EMEA and AMER PPAs totaling 7.8GW and 8.2GW, respectively, so far this year, BNEF data show.
- Some 2.69GW of global corporate PPAs were signed in June, with the largest EU PPA entered between SNCF and Neoen for 139MW in France, while an 810MW PPA in America was agreed to in the same month.
- Globally, PPA volumes have reached about 19.5GW over January-June, compared to 46GW across the whole of 2023 but remain on track for a record year, BNEF said (see chart).
- Solar has made up about 12.4GW of global PPA agreements so far in 2024, with wind making up about 7.1GW.
- Microsoft, Rio Tinto, Amazon and Google are the largest global off-takers in 2024, with the majority of supply agreements done through solar farms.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.