During May, 17 PPA agreements were publicly announced, representing 713 MW of contracted capacity. The largest deal was signed by Trafigura and Nadara for five solar plants and 11 onshore wind assets in Spain, with a combined capacity of 434 MW under a 10-year agreement.
The European power purchase agreement (PPA) market continued its moderate upward trend in May, driven by energy market dynamics and growing interest in contracts combining multiple renewable technologies. According to the latest data from Swiss consultancy Pexapark, the EURO Composite Index closed the month at €44.9 ($51.09)/MWh, up 1.2% from April.
Prices increased across all analyzed markets, with Italy leading gains at 2.7%, primarily driven by Cal-27 electricity futures. The Nordic region recorded the second-largest increase, supported by higher gas prices and hydroelectric reserves that remain below historical levels.
Although electricity market movements were less pronounced than in March and April, price trends continued to be shaped by geopolitical factors.
Multi-technology contracts gain momentum
