MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1268 FRI VS 7.1270

MNI: BANXICO HOLDS INTERBANK RATE STEADY AT 11.00%

MNI BRIEF: Fed's Bowman Says Policy Appears To Be Restrictive

Broad-based Deceleration In June Core Metrics

MNI: ITALY JUN FLASH HICP +0.2% M/M, +0.9% % Y/Y; MAY +0.8% Y/Y

1 and 3-Year Consumer Inflation Expectations Edge Down Slightly

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

European PPAs Up on Month in April

POWER
Homepagemarkets-real-timeBullet

European power purchase agreement (PPA) prices rose by 1.6% in April from March to €48.2/MWh, with 28 PPAs, or about 1.5GW, announced over the month – doubling volumes from the previous month, according to latest monthly commentary from energy pricing firm Pexapark.

  • PPA prices rose as the German baseload power, Dutch TTF gas, and EU ETS carbon prices saw significant increases in April.
  • Germany's offshore wind sector is thriving, with this year's deal count almost matching last year's total.
  • Asset manager Encavis AG, signed the largest deal of the month with LyondellBasell for a hefty 208MW chunk from a 260MW solar PV project in Germany.
  • in second, a 150MW onshore wind deal between Alterric and Statkraft linked to eleven operational German onshore wind farms.
  • Additionally, Ireland's energy-hungry data centres are driving further innovation in PPAs.
  • Decreasing capture rates are impacting revenue, with April’s solar capture rate in Spain hitting a low of 40%. Germany and Greece are also seeing lessening capture rates.
  • Expected increase in forward curves might boost portfolio revenues in the coming months, Pexapark said.

171 words

To read the full story

Close

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.

European power purchase agreement (PPA) prices rose by 1.6% in April from March to €48.2/MWh, with 28 PPAs, or about 1.5GW, announced over the month – doubling volumes from the previous month, according to latest monthly commentary from energy pricing firm Pexapark.

  • PPA prices rose as the German baseload power, Dutch TTF gas, and EU ETS carbon prices saw significant increases in April.
  • Germany's offshore wind sector is thriving, with this year's deal count almost matching last year's total.
  • Asset manager Encavis AG, signed the largest deal of the month with LyondellBasell for a hefty 208MW chunk from a 260MW solar PV project in Germany.
  • in second, a 150MW onshore wind deal between Alterric and Statkraft linked to eleven operational German onshore wind farms.
  • Additionally, Ireland's energy-hungry data centres are driving further innovation in PPAs.
  • Decreasing capture rates are impacting revenue, with April’s solar capture rate in Spain hitting a low of 40%. Germany and Greece are also seeing lessening capture rates.
  • Expected increase in forward curves might boost portfolio revenues in the coming months, Pexapark said.