Industrial growth drives demand in Europe, Asia and LatAm, while North America remains tech-dominated.
Cost concerns, and sustainability mandates boost PPA activity in industrial sector: India, Chile and Germany led the activity, accounting for ~55% of industrial off-take. Companies from energy-intensive metal and chemical industries are taking advantage of recent fall in power prices to lock in long-term PPAs to hedge against future volatilities.
North America fuels ~60% of PPA activity in the global tech sector: Energy-intensive data centers and expansion plans by tech giants such as Amazon, Meta and google are spurring demand for clean power in the US. Activity will continue to rise, driven by ambitious climate pledges and emissions targets.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
Click to know more about Enerdatics' Renewable Energy M&A, Finance, PPA, and Projects databases.