Solar And Wind PPAs In 2023 Driven By Rise In Self-Generation

Written by Paulo Nogueira

Published on 12/03/2024 at 15:01

Foto: Divulgação/Banco do Nordeste – Todos os direitos: EPBR

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20 of 23 Long-Term Contracts Were Allocated in the Energy Self-Production Model in the Free Market.

Solar and wind energy have increasingly stood out as sources of clean and sustainable energy. According to a study by the consultancy Cela (Clean Energy Latin America), the volume of long-term contracts for solar and wind energy in the Free Contracting Environment (ACL) in 2023 was driven by self-production projects.

These self-production projects have attracted significant interest, with 20 out of 23 long-term agreements made in the past year being allocated in the energy self-production model in the ACL. This arrangement allows large energy consumers to contract electricity directly from a plant built to meet their demand, thus ensuring a stable and predictable supply over the long term. Additionally, long-term contracts promote energy security and sustainability, benefiting both end consumers and the environment.

Expansion of the Solar and Wind Energy Market

In the past two years, we have seen a growing bet on the free market in self-production projects, which has spurred the increase in Power Purchase Agreements (PPAs) for solar and wind energy throughout 2023. The CEO of CELA, Camila Ramos, emphasizes that there has been significant progress in the business model of leasing plants.

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Expansion of the Solar and Wind Energy Market

Since the first edition of CELA’s report in 2013, 140 long-term solar and wind PPAs have been mapped in the Free Contracting Environment (ACL), representing an installed capacity of 14.3 gigawatts (GW). The accumulated total of these contracts is equivalent to 4,147 MW, with 2,431 MW from solar energy and another 1,717 MW from wind energy.

Read also: Big Techs Led the Purchase of Clean Energy in 2022

Source: EPBR

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Solar And Wind PPAs In 2023 Driven By Rise In Self-Generation

20 of 23 Long-Term Contracts Were Allocated in the Energy Self-Production Model in the Free Market.

Expansion of the Solar and Wind Energy Market

Expansion of the Solar and Wind Energy Market

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Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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