At a Glance: Corporates keep up PPA procurement drive, despite COVID
COVID-19 has led to a sharp fall in power demand... Read more →
Analysis
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… Read More ›
At a Glance: Market looks to next Polish renewables auctions
Poland is targeting holding its next renewable energy auctions in Q4 2020, with the tenders set to lead to the allocation of 15-year support for up to 1.5GW of large-scale (1MW-plus) renewables projects, in addition to 800MW of support for smaller-scale (sub-1MW) schemes, according to information put out by the country’s Energy Regulatory Office in… Read More ›
Lending market adjusts to Covid reality
Recently closed European renewables deals have often seen pricing honoured at pre-Covid levels, and this state of affairs may even continue with upcoming closings in the next few weeks. However, debt has irrefutably gotten more expensive for new transactions as lenders’ funding costs rise, albeit with big disparities in the severity of the spike. Many sponsors and lenders negotiating recently… Read More ›
Renewables market set for slowdown, although sector will prove its resilience
The European renewables market will still see project financing and M&A closings in the coming weeks, despite the onset of the coronavirus pandemic. However, investment activity has already started to slow as the most mature transactions cross the line, while company owners and project sponsors are increasingly opting to hold off on new launches until… Read More ›