This newsletter is built for procurement teams, energy managers, and sustainability leaders — bringing all key market updates into one place. 👉 If you know someone who’d find this useful, forward it their way.
For procurement managers: the latest projects on our platform
- Spain: PPA, Q4 2026, Pay-as-Produced – 10-13 GWh/year available
- Spain: GOs, Jan 2025 - June 2026, Hourly or Monthly ~ 100 GWh available
- Portugal: PPA, Q3 2025, Pay-as-Produced – 10-20 GWh/year available
- Germany: PPA, Q4 2026, Pay-as-Produced – 45-65 GWh/year available
- Romania: PPA, Q4 2025, Pay-as-Produced – 60+ GWh/year available
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Market commentary
PPA activity remained strong but showed signs of caution, with 27 deals recorded in February, slightly below last year’s count. Contracted capacity rose 168% month-on-month, led by
Amazon
’s 1.1 GW purchase across Spain, Portugal, and the UK.
Tesla
and
Zelestra
signed a PPA for 57MW of Spanish solar.
Long-term deals are dominating, with most exceeding 10 years, including a record 40-year solar PPA in the UK. Despite a slight drop in prices from February, PPA rates remain about 8% higher year-on-year, reflecting steady demand.
European power prices surged due to high winter demand, weaker wind generation, and rising gas prices, with Germany’s spot price doubling year-on-year. Spain saw a sharp imbalance, as solar generation rose 22% while wind dropped nearly half, lowering solar capture rates. Estonia’s electricity price soared 69% after the Baltic power grid disconnected from Russia, further strained by an interconnector outage. Romania made strides in PPA growth as it prepared for GO market integration, signalling broader renewable expansion.
Global energy markets
- Gas can only meet a fraction of growing US power demand, with renewables expected to fill the gap. Bloomberg
- Oil prices remain historically low, adjusted for inflation, at the same level as 25 years ago. Bloomberg
- South Africa's energy transition continues despite US policy shifts, with the EU pledging €4.7bn to support the move from coal to renewables. Financial Times
- Wind and solar generated 17% of US electricity in 2024, overtaking coal, which has fallen to a record low of 15%.
Ember
- Battery prices have dropped 75% since 2015, driven by innovation, scaling, and demand growth.
- US withdraws from a $45bn global climate finance coalition, reducing its international commitments. FT
- Gas turbines face supply shortages and grid project delays, likened to the GPU bottleneck. CTVC
Policy & energy infrastructure news
- Dozens of clean energy projects will jump to the front of the queue for grid connections as UK's ministers are reviewing rules to speed up clean power projects. Gov.uk
- UK and Ireland collaborate to connect offshore wind farms, enhancing energy networks and reducing trade barriers post-Brexit. The Guardian
- China is considering mandatory green electricity certificates for key industries like steel, cement, and data centers.
- UK's National Grid awarded £59bn supply chain framework, securing essential equipment for key energy projects. Reuters
- A proposed Atlantic power cable would export Quebec’s electricity to Europe, using surplus hydro power. La Presse
- Coventry partners with E.ON for energy innovation, implementing thermal drone surveys, EV chargers, and all-electric buses to achieve net-zero emissions by 2050. The Guardian
- Shale executives warn that U.S. oil production may peak within 3-5 years as premium drilling locations are depleted. Industry leaders like Scott Sheffield and Vicki Hollub anticipate US output plateauing at ~14 million barrels daily before gradually declining, particularly after 2035.
Corporate initiatives
- BP is seeking to sell 50% of its solar unit, with bids due in June. Reuters
- Clearway Energy begins construction on a 320MW/1,280MWh battery storage project in Utah. Energy Storage News
- Breakthrough Energy, funded by Bill Gates, is downsising in response to shifting US policy. NY Times
- The world’s biggest mining companies are cutting back on exploration investment. FT
- Telehouse and RWE sign decade-long PPA, ensuring renewable energy supply to Telehouse’s London Docklands campus. Power Technology
- Copia Power secures $1.71bn for a 2,200MWh energy storage facility in Arizona. Energy Storage News
Latest in clean energy tech
- Quinbrook is developing an eight-hour battery storage system to improve renewable energy reliability. PV Magazine
- Data centres could optimise operations by adjusting energy use based on renewable availability. Bruegel
- The UK is exploring solar geoengineering despite concerns over its long-term effectiveness. The Guardian
- East London's Royal Docks to implement
E.ON
's ectogrid, a system using local energy sources to provide heating and cooling, aiming to reduce emissions by 88%. The Guardian
- Sweden's Hyllie district leads in climate-smart urban development, powered entirely by renewable and recycled energy sources, serving as a model for sustainable cities. The Guardian
⚡️ Last week, Renewabl co-hosted an impactful event with Tech Zero, Octopus Energy and Tech Nation. Speakers included Google, EY, GRA, Electron, and many more. Stay tuned for a full recap and video recordings!
