Pexapark Advisory In the Media
Pexapark's experienced PPA Advisory team have successfully supported 40+ GW of PPA transactions including 3+ GW of BESS PPAs.
Learn more about our recent successes and expertise featured by international media outlets.
23 GWh of battery storage secured via FPAs in 2025
Market volatility and price cannibalisation are accelerating flexibility purchase agreements, while long-term PPAs are losing ground, according to Pexapark.
Record renewable energy deployment collided with structural headwinds in 2025, significantly changing power price formation, according to Pexapark’s latest annual report. These dynamics enabled utilities and commodity traders to expand their market share and pushed independent power producers to double down on battery energy storage systems. As renewables accounted for nearly half of EU electricity generation in 2025, structural volatility and price cannibalisation shifted from transitional risks to persistent, systemic market realities.
US PPA volumes down 22% in 2025 amid policy shocks
Renewable energy contracting slowed sharply in 2025 despite record-high levels of battery storage deployment, according to market intelligence firm Pexapark’s 2026 “Renewables Market Outlook.”
Despite continued demand for PPAs, total contracted PPA volumes and deal counts fell 22% year-over-year due to policy uncertainty in the wake of the July 2025 One Big Beautiful Bill Act (OBBBA), though not necessarily for lack of interest.
The slowdown stemmed largely from the OBBBA. Pexapark estimates the policy could cut cumulative U.S. solar and wind buildout by 41 GW by the end of the decade. In response, many developers paused early-stage projects and replaced fixed-price PPAs with more complex structures, including shared downside mechanisms, as buyers rushed to secure projects before their tax credit eligibility expired.
Quando produrre non basta più: il mercato elettrico entra nell’era della flessibilità
È da qui che va letto il rallentamento dei Ppa nel 2025, i contratti di lungo termine con cui imprese e utility acquistano energia rinnovabile a un prezzo prefissato per coprirsi dal rischio di mercato. I numeri di Pexapark, società di analisi specializzata nei mercati europei dei Power Purchase Agreement, pubblicati nel rapporto Renewables Market Outlook 2026, fotografano bene questo passaggio: i volumi dei Ppa in Europa scendono a 13,1 GW, dai 15,3 GW del 2024, e il numero di operazioni cala da 317 a 247. Non si tratta però di una crisi di domanda, ma dell’effetto di un mercato in cui l’energia rinnovabile è sempre più abbondante, sempre più concentrata nelle stesse ore e sempre meno valorizzata dal prezzo medio.
Renewables pricing in Europe and US set for major recalibration – Pexapark
The Renewables Market Outlook 2026 report from market intelligence firm Pexapark predicts what it calls a “big repricing” in the EU and US this year, as the commercial assumptions underpinning offtake strategies over the past five years are upended.
In Europe, although renewables reached nearly half of all generation in 2025, structural volatility and price cannibalisation became “persistent, systemic” features of the market, Pexapark said. In the US, record deployment was undermined by “policy-driven headwinds” as the Trump administration reversed Biden-era support for renewables.
The result is what Pexapark said would be a fundamental reappraisal of the commercial value of renewables assets.
“2025 marked the moment renewables became the dominant technology block in Europe, but that success brings complex new headwinds,” said Luca Pedretti, Pexapark’s chief operating officer and co-founder. “We are seeing a ‘Big Repricing’ where the focus is no longer just on capacity build-out, but on managing structurally higher volatility. The winning model is shifting from asset-centric to revenue-centric.”
In his foreword to the report, Pedretti added that the predicted big repricing was not just a downward adjustment in prices, but a “deeper reassessment” of economic viability in a renewables-dominated system. “As the market adjusts, attention is shifting away from headline prices toward a more nuanced understanding of what different structures, profiles and risks are actually worth,” he said.
Weak PPAs need more storage and co-location
Photovoltaic systems in Spain generated 7% of their electricity during periods of negative exchange prices last year, compared with 18% in Germany, reported Max von Hausen, Country Lead PPA Transactions Germany at Pexapark. This complicates the conclusion of long-term PPAs and the calculation of contracts.
PPA: Negative electricity prices challenge the energy transition
Negative stock electricity prices put pressure on PPAs, long-term electricity supply contracts, and in important renewable energy markets such as Germany and Spain. As an event in Berlin showed, new approaches are in demand.
Business model under pressure
Last year, photovoltaic systems in Spain generated 7 percent of their electricity at a time of negative stock market prices, in Germany it was 18 percent, reported Max von Hausen, Country Lead PPA Transactions Germany at Pexapark. This makes the conclusion of long-term PPAs as well as the calculation of the contracts. “The structuring of bankable PPAs is becoming more difficult, as market participants have no clarity as to when the negative price hours will decrease again,” said von Hausen.
EDF, Aukera ink solar-BESS PPA
EDF has signed a power purchase agreement (PPA) with Aukera to offtake 100% of the renewable energy generated from a co-located solar and battery storage project in Scotland.
Pexapark acted as commercial advisor to Aukera on the partnership, offering guidance on key structural aspects of the PPA and BESS agreements.
EDF and Aukera sign long-term route-to-market PPA for 84.52MW co-located solar and battery project
EDF has entered into a new partnership with Aukera, a specialist in European renewable investments and development, to provide a long-term route-to-market Power Purchase Agreement (PPA) for 100% of the output from the Benthead Solar Farm, a new-build project co-located with a 31MW battery energy storage system (BESS).
Pexapark, a leading provider of renewable energy PPA benchmark prices, market intelligence, and advisory services, acted as commercial advisor to Aukera on the partnership, offering guidance on key structural aspects of the PPA and BESS agreements.
Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition
Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.
Pexapark: European BESS marketplace maturing as sophisticated contracts go mainstream
Utility-scale batteries are beginning to “flatten” the renewable energy production curve in parts of Europe, enabled by financial structures such as tolling and floor contracts.
España lidera el mercado de PPAs en Europa con una cuota del 23%
Pepe Zaforteza, regional lead PPA & BESS Transactions, que señala que “los casos de precios negativos vividos este 2024, con varios centenares de horas registradas, ha introducido incertidumbre en el mercado de PPAs para todos los stakeholders –vendedores, offtakers y también financiadores– y el mercado se está reposicionando”.
SAE takes full ownership of BESS project at Uskmouth
Leading BESS power purchase agreement (PPA) commercial advisers, Pexapark AG have been appointed to help with the procurement and negotiations on the PPA Optimisation Agreement.
Existing German offshore wind farm to supply power for green hydrogen production as its subsidies run out
A long-standing German offshore wind farm has signed what’s claimed to be among the first deals of its kind to supply power for green hydrogen production with the support of Pexapark.
Energiekontor and Salzgitter Flachstahl conclude PPAs for two solar park projects
Pexapark supported long-term power supply agreements between EnergieKontor and Salzgitter Flachstahl GmbH for two solar park projects in Mecklenburg-Western Pomerania, Germany.
Salzgitter Flachstahl secures solar power from Energiekontor
Salzgitter AG has signed a contract with the project developer Energiekontor for the long-term supply of electricity from solar energy. The contracts concluded in cooperation with Pexapark.
PPAs für zwei Solarparkprojekte in Mecklenburg-Vorpommern abgeschlossen
PPAs for two solar park projects in Mecklenburg-Western Pomerania concluded.
Masdar Partners with Endesa in €1.7 Billion Renewable Energy Transaction in Spain
Pexapark provided PPA advisory support for Masdar as it partnered with Endesa in €1.7 billion renrewable energy transaction in Spain.
CEE Group and GOLDBECK SOLAR commission 154 megawatt peak solar park in Döllen, Brandenburg
Pexapark markets electricity via a Power Purchase Agreement (PPA) to the utility Engie for 155-megawatt ground-mounted plant “Döllen” commissioned by The CEE group and Goldbeck Solar.
Germany's Largest Solar PPA for 2024 Follows Record Deal Activity in Q1
Pexapark advises on one of the largest Solar PPAs the German market has seen to date, a 12-year, 208 MW PPA signed by Encavis Asset Management with chemicals giant LyondellBasell
Deutschlands größter Solar-PPA für 2024 folgt Rekord-Deal-Aktivität im ersten Quartal – Pexapark
Elisabeth Rabe, Team Lead Investment Structuring, Encavis Asset Management AG, said: “Pexapark’s expertise has been crucial in navigating the growing but complex German renewable energy market.” As Pexapark advises on PPA deal.
Octopus signs German PV PPA
The PPA, closed with the support of the advisory team at Pexapark, will see Octopus supply steel maker Salzgitter with 126GWh of clean electricity generated at the Schiebsdorf solar farm in Brandenburg, Germany, for a period of 10 years.
EWG Taczalin and Respect Energy PPA announcement
According to market intelligence data from Pexapark, whose advisory team supported the transaction, this agreement represents the largest PPA signed with a utility offtaker in Poland over the past two years.
Hybrid power purchase agreements for renewable generation co-located with storage
Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.
Germany – Offshore Wind Farm Powers Green Hydrogen Plant Under Landmark PPA Deal
OWP Butendiek, an offshore wind farm in Germany, has signed a groundbreaking offshore power purchase agreement (PPA) with the support of Pexapark, a software and consulting company specializing in renewable energy.
German offshore wind farm strikes green hydrogen deal as end to subsidies looms
North Sea Butendiek project to deliver power for renewable H2 to unnamed ‘global leader’. Pexapark claimed the hydrogen-making offtake points the way to new secured revenue streams for other projects.