Power Purchase Agreement Market Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

𝐏𝐨𝐰𝐞𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 (𝐏𝐏𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global power purchase agreement (PPA) market was valued at US$ 15.31 Bn in 2021
It is estimated to advance at a CAGR of 39.3% from 2022 to 2031
The global power purchase agreement (PPA) market is expected to reach US$ 399.16 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/power-purchase-agreement-market.html

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 (𝐏𝐏𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

PPA refers to a long-term electricity/power supply agreement between a power producer and a customer (electricity consumer or trader). The power producer sells the power generated to the customer at a fixed rate that is typically lower than the local utility's retail rate. This lower electricity price helps to offset the customer's purchase of electricity from the grid. At the same time, the seller receives the income from the sales of electricity as well as any tax credits and other incentives generated from the system. Physical delivery PPA, virtual PPA, portfolio PPA, and block delivery PPA are some of the types of power purchase agreements.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐂𝐥𝐞𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐮𝐠𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞

Rise in global warming has prompted several organizations across the world to opt for renewable energy sources. Around 196 countries took part in COP 21 and signed The Paris Agreement, which is focused on limiting global warming to below 2°C, preferably to 1.5°C. Implementation of the Paris Agreement requires economic and social transformation to limit greenhouse gases emission. It is possible to cut 30 GT of greenhouse gas emissions by 2030.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76585

Renewable energy is a key to reducing greenhouse gas emissions. Thus, organizations and companies are investing significantly in renewable energy sources. Globally, 26.5% of electricity is currently generated through hydroelectricity and other renewable energy sources. The contribution is expected to further rise with the increase in focus on sustainability. This, in turn, is anticipated to offer lucrative growth opportunities for players in the global power purchase agreement (PPA) market. Energy purchase agreements enable generators to get projects funded and built by providing revenue certainty for new assets. They also ensure a reduced carbon footprint for C&I customers via a secure and predictable supply of green energy with more consistent pricing.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76585

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐂𝐥𝐞𝐚𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐢𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐞𝐜𝐭𝐨𝐫 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐏𝐀 𝐌𝐚𝐫𝐤𝐞𝐭

According to BloombergNEF's latest Corporate Energy Market Outlook, companies around the world purchased a record amount of clean energy through PPAs in 2020. In total, 23.7 gigawatts (GW) of renewable energy contracts were signed by more than 130 companies in sectors ranging from oil and gas to major technologies. Thus, rise in purchase of clean energy in the corporate sector is driving the global power purchase agreement market.
Growth in Usage of Solar Energy Fueling Solar Segment
Based on application, the global power purchase agreement (PPA) market has been segmented into solar, wind, geothermal, hydro, carbon capture & storage, and others. The solar segment held 56.2% share of the global power purchase agreement market in 2021. The segment is likely to account for 79.4% share of the market by 2031. Growth of the segment can be ascribed to the rise in usage of solar energy and increase in adoption of power purchase agreements (solar) in Asia Pacific. China and India are leading the race of solar energy production in the region.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=76585

The wind segment also held key share of the global power purchase agreement (PPA) market in 2021. Increase in adoption of wind energy in Europe is driving the wind segment of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐀𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 (𝐏𝐏𝐀) 𝐌𝐚𝐫𝐤𝐞𝐭

The global power purchase agreement market comprises several small and large-scale service providers that control majority of share. Most of firms are adopting new technologies and strategies with investments in comprehensive R&D activities, primarily to develop and prioritize sustainable energy. Expansion of new power plants and acquisitions are prominent strategies adopted by key players. General Electric, Siemens AG, The Royal Dutch Shell PLC, Statkraft AS, Fairdeal Greentech India Pvt. Ltd., RES Group, Ameresco, RWE AG, Enel Global Trading S.p.A., The Climate Group, Sungevity, and ECOHZ are prominent entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rohit Bhisey
Transparency Market Research Inc.
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