Welcome back to The Pexapark Podcast!
In the first part of the episode, Luca Pedretti sits down with Max von Hausen, Pexapark’s Regional Lead for PPA and BESS Transactions in the DACH region, to explore the rise of co-located renewable and battery projects – and what hybrid PPA structures actually look like in practice. Drawing from ongoing negotiations and market outreach across Europe, the conversation examines how developers, utilities, corporates, and lenders are approaching the rapidly evolving market for hybrid offtake agreements in Germany and beyond.
Key themes from the discussion:
-
-
-
What hybrid PPAs are and how co-located solar and BESS projects are structured
-
Why negative prices and falling capture rates are accelerating co-location
-
How pay-as-produced, pay-as-nominated, and hybrid structures differ
-
Why developers are balancing fixed revenues with merchant exposure
-
How FCAs and grid constraints are shaping project economics
-
Why co-location could become the standard model for future renewable projects
-
-
In the second part of the episode, Luca turns to recent Pexapark market intelligence, examining how data center demand is reshaping US power markets. In ERCOT, uncertainty around future load growth is driving a sharp shift in forward curves, while hyperscalers continue paying premium prices for renewable PPAs. In PJM, supply constraints and slow interconnection processes are keeping solar PPA prices near record highs despite new reliability initiatives. The takeaway: data center demand is accelerating structural changes across US power markets, but supply bottlenecks continue to dominate pricing dynamics.
Episode breakdown:
-
- 0:00 – Intro
- 00:28 – Interview with Max von Hausen
- 27:45 – Overview of Pexapark Market Intelligence
Notes