2nd Annual Power Purchase Agreements (PPA) 2022

The 2nd annual Power Purchase Agreements (PPA) 2022 virtual conference brings together experts and decision-makers responsible for PPAs from project developers, owners, operators with complementary perspectives of banks, investment & equity funds and financial institutions. We will dive deep into PPA negotiations, risk mitigation, restructuring of PPAs, sleeving and much more. Joining us on the expert panel will be PPA experts from Uniper, Statkraft, Alpiq, SMBC, Engie, Naturgy, Landsvirkjun and European Energy.

In Europe, more than 5.8 GW of Corporate Power purchase agreements were signed in 2020, more than doubling the size in 2019. As the PPA markets continue to grow, let’s discuss the challenges, risks, and benchmark best practices.

  • Why risk allocation is still vital: how to avoid common risk, value, and development traps of a PPA
  • Growth in corporate Power Purchase Agreements driven by volatile energy markets
  • Restructuring Power Purchase Agreements: compromise on price and PPA length
  • Future evolution of renewables and how this will affect PPA supply and demand
  • Balancing project financing requirements with corporate sustainability goals
  • The state of development of PPA markets across Europe
  • Regulation and the impact in PPA

Our expert panel at 2nd Power Purchase Agreements:

Alpiq is a leading energy company in Switzerland and the largest energy service provider with focus on European markets. Alpiq will off-take power from RPC’s Merkkikallio wind farm with a long-term PPA, enabling additional renewable power production into the Finnish power system.

The wind farm is located near the city of Vaasa, in the Finnish Southern Ostrobothnian region, and consists of 15 wind turbines having the rated power of 82.5 MW. With this PPA, both Alpiq and RPC increase the stability of their business plans and reduce market risks. Alpiq is supporting the transition to CO2-free power production in the Nordics.

Statkraft is a generator of renewable energy, as well as Norway’s largest and the Nordic region’s third largest energy producer. Statkraft is a leading supplier of short- and long-term power purchase agreements, also known as Power Purchase Agreements (PPA).

Statkraft will rope in Bavaria’s largest solar park (equivalent of around 60 soccer fields), and 200 wind turbines (across Germany) to meet the renewable energy needs of Daimler AG or Mercedes-Benz’s PPA. By integrating solar and wind power volumes Statkraft will help the automotive company realize its plants need for 100% renewable energy 24/7. Mercedes-Benz also has various other PPAs signed with Poland and Norway.

SMBC is one of the three largest banking groups in Japan. Sumitomo Mitsui Trust Bank has announced it’s plans to utilize the Offsite Corporate PPA structure to procure electric power through UPDATER , Inc. from a solar power plant for use at two of our branches in the Kansai region, the Kyoto and Himeji Branches.

Naturgy is a Spanish multinational natural gas and electrical energy utilities company, which operates primarily in Spain. Telstra and Naturgy, through its international power generation subsidiary Global Power Generation (GPG), announced today they have signed a power purchase agreement (PPA) to build a 58 megawatt (MW) wind farm located near Goulburn in New South Wales.

The wind farm, called Crookwell 3, will commence construction in the last quarter of 2021 and is expected to be fully operational in the first half of 2023. GPG will invest approximately AUD120 million (equivalent to approximately €76 million) to develop the Crookwell 3 wind farm.

Engie is a French multinational utility company, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. 2021 was a boom year for ENGIE in the Power Purchase Agreement market, with PPAs signed for more than 2.1 GW. These sophisticated contracts lifted the company to second place on the podium for business sales of green energy.

Uniper is a Germany-based energy generation and energy trading company. In 2021, Pattern Energy Group LP and international energy company Uniper signed a 15-year power purchase agreement for up to 219,000 MWh per year of wind energy generated in New Mexico. The power will be delivered from Pattern Energy’s 1,050-MW Western Spirit Wind project, which is currently under construction in New Mexico and represents the largest single-phase renewable power build out in U.S. history.

Landsvirkjun the National Power Company of Iceland, is Iceland’s largest electricity generator. Landsvirkjun operates 18 power plants in Iceland concentrated on five main areas of operation. The company will be delivering electricity to the Reykjavik Data Centre to make the complex 100% renewables powered. The partners have signed a power purchase agreement (PPA) under which Landsvirkjun will supply electricity from its hydropower and geothermal power plants in Iceland and deliver it through its existing network infrastructure.

European Energy develops, finances, constructs and operates wind and solar farms as well as large-scale PtX plants. European Energy is reaching the goals together with our customers, large corporations sourcing renewable energy and utilities looking to provide consumers with green power or district heating.

Read more about The Largest Power Purchase Agreements (PPAs) here

Kolbrún Birna Bjarnadóttir, Landsvirkjun
Business Analyst, Landsvirkjun, Iceland
Gennaro Mathieu D'Annucci, Statkraft
Head of Origination Italy & France, Statkraft, Italy
Matti Ahtosalo, Alpiq
Head Origination Nordics, Alpiq, Finland
Head of Renewables Origination, ENGIE, Germany
Managing Director - Head of Power & Renewables, SMBC, UK
Lead Originator - Multi- Commodity Origination, Uniper, Germany
Kevni Iljazovski, Europen Energy
Senior Legal Manager, European Energy A/S, Denmark
Alejandro López Couselo, Naturgy
PPA Manager, Naturgy, Spain
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