- Press Releases
March 9 (Renewables Now) - German utility service provider Trianel said today that it will expand its offering of short-term power purchase agreements (PPAs) to include solar photovoltaic (PV) plants from the second quarter of this year.
The utility has been offering such contracts for wind, biomass and hydropower plants since November 2021 and has already signed contracts for 350 MW of installed capacity with terms in the range of three to six months. When it comes to solar plants, the term of the PPAs could be extended to up to 12 months.
The PPAs enable solar plant operators to sell the electricity from their facilities at a fixed price for a certain period while Trianel sells the electricity on the futures market, securing prices for its clients above the minimum remuneration under the EEG-scheme. In this way, operators can benefit from the higher prices on the futures market and are protected against price declines, said Trianel originator Lena Abt. The short-term PPA also allows a switch to the feed-in-tariff model without any obstacles and takes into consideration also redispatch volumes, Abt added.