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Low Renewable Generation and Transmission Constraints Drive Lithuanian Power Price Surge
Cool and overcast weather last week increased electricity consumption and led to low solar power generation. Calm weather on Sunday evening and this morning caused electricity price spikes. Due to maintenance work at the Kruonis transformer substation, electricity trading between the Baltic States and the Nordic countries has been restricted until October 30. Between October 13–19, the average weekly wholesale electricity…
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London’s King’s Cross estate partners with Shawton Energy in landmark virtual solar agreement to accelerate net zero ambitions
King’s Cross, the largest mixed-use development in single ownership to be developed in Central London for over 150 years, has entered into a landmark Virtual Power Purchase Agreement (VPPA) with Shawton Energy to drive its renewable energy transition. The 15-year agreement will see the development of an 8.6MWp, 28-acre solar farm in Pembrokeshire – Point Lane Solar…
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Lithuania Launches Public Consultation to Boost Electricity Trade and Renewable Integration with Poland
Lithuania takes another step in strengthening the regional electricity market – a public consultation is launched on increasing the transmission capacity of the electricity interconnections between Lithuania and Poland. Lithuania’s electricity transmission system operator Litgrid has presented a concept for expanding the cross-border electricity transmission capacity between Lithuania and Poland. The aim is to create better conditions…
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PPA Tracker: Chile’s 2025 PPA Landscape Strengthens Its Position as Latin America’s Clean Energy Leader
In 2025, Chile’s energy sector saw a surge of green Power Purchase Agreements (PPAs) and associated investments, signalling a maturation of its renewable energy market. These deals—ranging from solar-only contracts to solar-plus-storage hybrids and project acquisitions—underscore a shift in Chile from generation-centric renewable deployment toward integrated, flexible clean energy systems. Noteworthy 2025 PPA transactions include:…
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Wind Power Offsets Decline in Solar Generation, Keeping September Electricity Prices in Lithuania Stable
Electricity prices in Lithuania remained stable in September 2025 despite falling solar output and rising consumption, thanks to stronger wind generation, increased thermal production, and higher import flows from Finland. According to transmission system operator Litgrid, the average wholesale electricity price in Lithuania rose only slightly compared with August, increasing by 2% from €80/MWh to €81/MWh.…
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PPA Tracking: Highlights Across Europe, September 2025
Europe’s corporate renewable energy market is charging ahead. According to research by The Voice of Renewables, September 2025 saw a surge in Power Purchase Agreements (PPAs) and Corporate PPAs (CPPAs), as companies across the continent double down on sustainability and long-term energy security. From powerhouse markets like Switzerland and the Netherlands to emerging hubs in Bulgaria…
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Neoen signs 100 MW renewable energy baseload agreement to supply power to BHP in South Australia
Neoen, one of the world’s leading renewable energy companies, has signed a 100 MW renewable energy baseload agreement to supply power to BHP, a world-leading resources company. This agreement, starting in July 2029, will supply renewable energy to BHP’s Olympic Dam, Carrapateena and Prominent Hill mines in South Australia, in one of the world’s most…
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Lithuanian wind power plants produced the most electricity last week
Lithuanian electricity TSO Litgrid reports that electricity prices fell 11 percent as wind speeds increased last week. After wind power generation tripled last week, wholesale electricity prices in the Baltics fell. The lowest electricity prices were not on the weekend, as usual, but on a particularly windy Thursday. Windy weather continues this week, with minimum…
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Iberdrola strikes a 1,250 GWh PPA in Italy
Iberdrola and Selex Gruppo Commerciale have signed a renewable energy purchase agreement – known as a PPA – for a total of 1,250 GWh. The agreement, signed with the distribution leader SELEX, will provide photovoltaic energy for a volume of 125 GWh per year and a capacity of 77 MW, starting in July 2026. This collaboration represents an…
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European Energy completes sale of 33 MW wind portfolio in Germany to EB-SIM
European Energy has reached financial closing on the sale of a 33 MW portfolio of operational wind projects in Saxony-Anhalt, Germany, to a fund advised by EB – Sustainable Investment Management GmbH (EB-SIM). EB-SIM is a leading German asset manager for ethical and sustainable investments. The wind projects are part of a successful repowering initiative…
