Enza Tedesco

Average PPA prices dropped to EUR 49.24/MWh, with Great Britan registering the largest decline at more than 6%, Pexapark noted in the report published late on Tuesday. In September, average PPA prices fell 4%.

Aligned with EU policies, these zones benefit from advanced procedural simplifications, including exemptions from environmental impact assessment requirements.

Under the so-called Energy Release government initiative, industrial consumers will be able to secure power at capped prices with their corresponding GOs and, in exchange, they will commit to building renewable energy plants within 40 months.

The continent is like a “fragile clay pot” compared to competitors such as the US, China and India, which benefit from significantly lower energy and labour costs, said Assofond's president Fabio Zanardi on Friday.

(Montel) Ample hydropower resources across Europe will continue to pressure prices of European guarantees of origin (GO) in the short to medium term, a new Icis report showed on Monday.

Solar installations have grown over 50% annually over the past three years, with the new capacity often pressuring hourly prices below zero during periods of peak production, said SolarPower Europe's CEO, Walburga Hemetsberger.

(Montel) European gas prices are set to average EUR 40/MWh next year, with risks of spikes to EUR 70/MWh on tight supply and EU storage requirements, Bank of America (BofA) Global Research said on Tuesday.

(Montel) Italian spot power prices for Wednesday hit a two-year high above EUR 180/MWh, with one analyst citing a mismatch in demand and supply, particularly during evening hours.

(Montel) EU solar growth is set to slump to single-digit levels of around just 3-7% year on year, following several years of capacity accruing by more than 40% per annum, said lobby group SolarPower Europe on Tuesday.

(Montel) The European Commission has approved EUR 9.7bn in state aid to support Italy's renewables transition, aimed at creating a net-zero economy, it said on Tuesday.