Pexapark recommends on EKZ Renewables and Axpo solar PPA

Oct 23, 2020 11:05 PM ET
  • Pexapark, a provider of software as well as advising solutions for post-subsidy renewable resource sales, has actually encouraged on the recently-signed offtake agreement in between EKZ Renewables AG, a Swiss renewable energy financier, and also the Spanish subsidiary of energy trading firm Axpo. This bargain is the 2nd power acquisition arrangement (PPA) signed in the Iberian area, and third signed in Europe, that Pexapark has successfully sustained in the past 6 weeks.

Renewable resource firms in the Iberian markets have taken a leading role in the development of fully or partly seller wind and solar projects. In Spain, several projects have been appointed in the lack of aids in between 2017 and 2020. Portugal has been subsidy-free for even longer, lifting feed-in-tariffs in 2012. In addition to world-record-breaking auctions, PPAs have become a prerequisite for organisations to successfully hedge their power dangers from short to lasting.

Pexapark sustained EKZ Renewables AG in evaluating various hedging approaches and also bargaining the offtake arrangement for their Algibicos solar project, which results from be appointed by the end of 2020. The last contract with Axpo was structured in order to enable EKZ Renewables AG to pilot their own electricity earnings monitoring approach related to the power created by Algibicos, mitigating some vital power dangers such as cost changes.

In Portugal, Pexapark lately dealt with Wirtgen Invest, a German-based, family-owned investment firm, to support their efforts to safeguard a PPA for 97 MW of solar energy operational and also unfinished. Pexapark established an ask for quote (RfQ) procedure with active off-takers in the Portuguese market, and recommended Wirtgen in the settlement and also optimization of an offer from Holaluz, a Spanish eco-friendly energy off-taker. Pexapark, Wirtgen Invest and Holaluz were able to materialise and also sign the agreement within six weeks of the RfQ.

Somewhere else in Europe, Pexapark also encouraged on a current PPA for a 40 MW wind farm in Finland between ABO Wind, an international renewable project designer, and Gasum, a Finnish state-owned gas and also power business. As this project is still in building and is because of come online in 2022, Pexapark gave a thorough analysis of PPA framework and also dangers.

These brand-new PPA bargains show the ongoing strength of renewable energy markets when faced with the pandemic. Based upon information from PexaQuote, Pexapark's prize-winning software application for monitoring as well as analysing PPA costs and also bargains, the price of brand-new PPAs authorized has actually recovered to pre-pandemic levels as prices raise and also the market secures. Pexapark's advising group is currently involved in 10 processes for over 2100 MW of assets across Europe.

While PPAs are starting to be significantly acknowledged by the market as a basic action for post-subsidy renewable energy growth, tracking and controlling renewable energy sales and also risks across the complete life time of the project is important for organisations to be successful. Pexapark aids business upgrade their processes via both advisory as well as software options, and also constructs their capabilities in renewable resource risk monitoring-- developing a new 'os' for the post-subsidy market.

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