Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 10:57 .

Impact of Technical Curtailment on Solar PV Capture Rates and PPA Contracts in Spain's Evolving Electricity Market

Ignacio Garcia Vera, a senior consultant at a AFRY Management Consulting firm, focuses on projecting electricity markets until 2060. His work involves analyzing the evolution of solar PV capture rates and curtailment across European countries, with today's focus being Spain. Capture rates in Southern Europe are already below 60%, and further declines are expected due to massive adoption of solar PV impacting interconnected regions. Though signed PPAs protect against market curtailment by maintaining agreed contract prices when generation is low or zero, technical curtailments pose risks. In Spain, rapid solar capacity growth has outpaced demand leading to high levels of both market and technical curtailments—currently accounting for about 2% of total solar generation as system operators limit dispatches where grid capacity or export capabilities fall short. This primarily affects regions with high production but inadequate local demand. Future solutions like enhanced storage could mitigate these issues by offering more operational flexibility within the power grid system.

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Speaker

Ignacio Garcia Vera
Energy Markets Senior Consultant
AFRY Management Consulting
Spain

Talk of session: Corporate Power Procurement & PPAs: Lessons Learned about Powering Corporates using PPAs

Corporate renewable PPAs have become a strong pillar of the European solar market, growing by over 40% in 2023. The major share in this segment was solar power, with over 16 GW of contracted volume.

The new EU Electricity Market Design Directive supports this trend by requiring member states to remove all barriers to the development of PPAs and to design incentives, including government-backed guarantees.

The session will discuss:

• The PPA market today and tomorrow
• Overview of PPA products & background
• Corporate PPA case studies
• Legislative changes affecting solar PPAs

Further Talks of this session:

Welcome and Introduction

Speaker

Annie Scanlan
Policy & Impact Director
RE-Source Platform
Belgium

To Talk

Charting the Course: Insights Into European Solar Power Purchase Agreements

Speaker

Victoria Santos
Research Analyst, Power and Renewables
Wood Mackenzie
United Kingdom

To Talk

Bundling Onsite Solar PV With Battery Storage & PPAs to Unleash the Full Renewable Potential of C&I

Speaker

Eric Sebaoun
Business Development Director - Distributed Solar & Storage
Engie
Spain

To Talk

PPA Contracting and Negotiation Considerations

Speaker

Lars Schmidt
Partner
EY
Germany

To Talk

Panel Discussion

Speaker

To Talk