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At a Glance: Corporates keep up PPA procurement drive, despite COVID
COVID-19 has led to a sharp fall in power demand in recent months, and a corresponding decrease in wholesale and PPA prices. This in turn has led to a slowdown in PPA negotiations. However, with the European market now seemingly having bottomed out, and prices starting to slowly recover, corporate offtakers appear to be ratcheting up procurement processes. But securing deals which please both PPA provider and generator will be as challenging as ever. More broadly, the pricing lull could slow the pace of renewables deployment
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