Pexapark Renewables Market Outlook 2026

The Big Repricing: How Volatility and BESS Reshape Clean Energy

Clean energy markets hit an inflection point in 2025. Record renewable energy deployment collided with structural headwinds, forcing a rethink of how the industry creates and captures value.

Our in-depth report digs deep into the ramifications of a European power system now dominated by renewables. It covers how old business models became increasingly obsolete in the face of higher price volatility and lower capture rates.  And it unpacks how key players across the industry – from utilities to IPPs to corporates – responded in the wake of the shift.

This is also our first Annual Market Outlook to include a section on US power markets, reflecting our growing offering in ERCOT and PJM.

Across more than 70 pages, the report covers:

• The Big Repricing: how buyer and seller expectations diverged, stalling deal flow in many core markets.
• The BESS Breakthrough: Flexibility Purchase Agreements nearly doubled, with new contract structures emerging across Europe.
• The Utility Comeback: as corporate procurement cooled, energy suppliers reclaimed their role as the market’s central intermediaries.
• The Value in Volatility: The race between IPPs and utilities to capture the value in volatility.
• Looking Ahead: Pexapark’s predictions for 2026.

Written by Nicolas Briet: Lead Analyst – Renewable Energy & BESS, Dominique Hischier: VP Editorial & Analysis and Apostolis Valassas: Senior Analyst & BESS Lead