Despite the COVID-19 crisis, a record number of power purchase agreements (PPAs) were signed last year. A turnaround in the market is not in sight, especially as other regions besides Europe and the U.S. are increasingly coming into focus.
Last year, an increase of 18 per cent was recorded in the PPA market segment, as BloombergNEF shows in its annual data analysis. Although Corona plunged the global economy into crisis, which also affected the power sector, contracts totalling 23.7 GW were signed.
More than 130 companies have signed clean energy contracts, including an increasing number from the oil and gas sector, in addition to the ...