Vattenfall sees sturdy improve in demand for photo voltaic PPAs

Could 13 (Renewables Now) – Swedish state-owned utility Vattenfall AB sees a rising demand for renewable vitality, particularly solar energy, from the German trade as firms are underneath strain to go inexperienced and address excessive electrical energy costs.

Along with wind vitality, industrial firms are more and more focused on procuring energy from Vattenfall from new, subsidy-free ground-mounted photo voltaic parks by means of company energy buy agreements (PPAs), stated Claus Wattendrup, head of Vattenfall’s Photo voltaic and Batteries enterprise unit.

Nonetheless, disrupted provide chains and rising prices for photo voltaic parts make the long-term calculation of investments in photovoltaic (PV) tasks troublesome. Vattenfall famous that it’s holding talks with companions on methods to deal with dangers within the difficult surroundings.

The enlargement of the photo voltaic enterprise performs a key function in Vattenfall’s decarbonisation efforts with Germany and the Netherlands being the core markets for the group’s development plans within the space. The group presently has 3 GW of PV capability underneath planning or development and plans to spice up its pipeline to 10 GW by 2025. A part of the electrical energy generated by these belongings can be tendered, beginning with 3 TWh in 2022.

Join Renewables Now’s free daily newsletter now!

Source

Leave a Reply