Finance Quarterly - Q2 2023

This edition gives an overview of the current landscape on PPA pricing and practices in Europe, with perspectives on ­­both price cannibalisation and volatility.

We hear from renewables industry voices such as Stuart Lunn, Commercial Director EMEA negotiating PPAs for developer and asset manager RES Group, as well as Nils Kompe, Head of Energy Supply Services and PPA Management with German developer PNE, on the long-term evolution of PPA market.

We also present European PPA data, courtesy of renewable energy sales advisory firm Pexapark. This comes before an interview with a global offshore developer looking for local partners and our regular column on legal issues in offshore.

This issue also captures the mood in Eastern Europe around wind market expansion, sharing insights from country managers in Poland with developers OX2 and wpd Europe. We also speak to local legal experts in Romania and Bulgaria.

These experts have seen the pair of countries, with plans for both onshore and offshore wind auctions on the table, attempt to empower developers to sell PPAs and overcome permitting barriers.

This issue puts questions to the experts:

• Nils Kompe, Head of Energy Supply Services and PPA Management, PNE
• Phil Dominy, Director, Power & Utilities, EY
• Stefan Henge, Head of Renewables, Europe, Allianz Capital Partners
• Gabriel Umaña Gómez, Customer Success Manager, LevelTen Energy
• Piotr Mrowiec, Associate Partner, Renewable Practice Head, Rödl & Partner‍
• Stefan Hogewoning, Director, Renewable Energy Project Finance, Rabobank
• Katarzyna Suchcicka, Country Manager, Poland, OX2‍
• Jakub Pilc, Principal Consultant, PPAs (EMEA), DNV‍
• Alexandra Doytchinova, Co-head of M&A, Schoenherr‍
• Stuart Lunn, Commercial Director EMEA, RES Group
• Patrycja Talarek-Dabrowska, Counsel, Northland Power‍
• Simeon Sarafow, Country Manager, Poland, wpd Europe‍
• Dimitar Kairakov, Attorney- Co-Head of Energy, Bulgaria, Schoenherr‍
• Bogdan Fratila, Managing Partner, Romania, Rödl & Partner