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European renewable PPA market sees 19GW of new capacity contracted in 2024

15 April 2025

The European renewable energy Power Purchase Agreement (PPA) market demonstrated strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to the latest Europe Renewables PPA Tracker report released by Wood Mackenzie. The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. Solar PV and wind projects represented approximately 80% of contracted capacity, with each technology contributing similar volumes. Poland, the UK and Greece entered the top five across all deal types (corporate, route-to-market and utility).

Editorial

The road ahead for electric vehicles

20 September 2019

Three hot topics for electric vehicles: when electric vehicles will become fully commercially competitive, how cities are transforming road transport, and EV infrastructure M&A activity.

Editorial

Global gas market dynamics: three key themes

04 September 2019

Hot topics from our most popular reports: the LNG oversupply and the impact on prices, China’s growing gas demand and how Russia is retaining its position as the world's biggest net exporter of gas.

Editorial

New recycling technologies can help solve the plastic waste problem

13 August 2019

Are there better ways to recycle plastic? At our recent Americas Polyester Conference, we explored whether chemical recycling can be part of the solution to our plastic waste problem.

Opinion

A tantalising year for North Sea exploration

06 June 2019

As we near the mid-point of 2019, we focus on three exciting North Sea exploration areas to discover how the industry is continuing the upward global trend.

Editorial

How the bottom of the barrel became the top of refining margins

29 April 2019

Despite the international phase-out for fuel oil, its crack spread hit 20-year highs

Editorial

How private equity is revitalising offshore exploration and production

01 October 2018

Private equity is revitalising offshore exploration and production, with smaller operators bringing new life to the US Gulf of Mexico, the North Sea and Brazil. Get the latest analysis here.

Editorial

European PET market turmoil could see knock-on effects for brand owners

10 June 2018

The European PET market is currently in a state of turmoil, which has principally been caused by a lack of PTA feedstock and reduced imports.

Editorial

Will the RPET market flourish with the UK's new deposit scheme?

14 May 2018

It may come as a surprise to learn that 56% of PET bottles used in the UK each year are recovered for recycling. That figure is projected to rise to 59% by 2021, but could increase significantly with the introduction of the UK government’s proposed deposit return scheme. Elsewhere in Europe, similar schemes have achieved ~90% recovery rate.

Editorial

Decommissioning – will the time ever be right?

12 December 2017

The North Sea faces a decommissioning bill of US$32 billion between 2018 and 2022, but does the supply chain have an appetite to make the investment needed?

Editorial

What is the impact of recent North American olefins investments on Europe?

05 November 2017

The lower crude oil pricing environment that has been in place for almost the last three years has influenced the olefin cost curve around the World. The deviation between advantaged and disadvantaged regions has narrowed, levelling the playing field much more.

Editorial

Poland, Italy and Turkey experiencing fastest flexible packaging growth

29 September 2017

What is driving flexible packaging growth in Poland, Italy and Turkey? Read more.

Editorial

Gas outlook: European oversupply and low prices

15 September 2017

A wave of new LNG will be seeking a market in Europe over the next five years, causing widespread oversupply and low gas prices.

Editorial

North Sea update: Cost reductions and FIDs in 2017

16 April 2017

Much has been achieved in the past year, as we see prices and costs slowly turning around. But there is more work to be done. Use our 2016-2017 Global Upstream Cost Survey to understand North Sea cost evolution from 2014 to 2020.

Content

The real-time European power market solution for financials

20 July 2023

A robust, ready-to-run, integrated platform to help you understand fast-moving power markets

Content

The real-time European power market solution for utilities

20 July 2023

A robust, ready-to-run, integrated platform to help you adapt to rapidly changing power demand

Opinion

Will renewable auctions underpin Europe’s net zero ambitions?

23 March 2021

As Europe realigns itself to deliver the increased ambition of 55% emissions reduction targets by 2030, renewables take centre stage. The region’s pipeline of wind and solar developments highlights the essential role that centralised auctions will continue to play. But can they deliver the necessary capacity? And could renewables become a victim of their own success?

Opinion

A £2.5 trillion transformation: the economic impact of a net-zero North Sea

04 February 2021

Low-carbon technologies have the potential to transform the energy industry. They could also have a powerful effect on local economies – as the UK is on a mission to demonstrate.

Opinion

How will Europe’s Green Deal shape renewable energy project finance?

25 May 2021

A huge push is needed to stay on track with ambitious EU net-zero targets. But at the same time, the coronavirus pandemic has stoked fears that green ambitions may be diluted as Europe looks to weather the economic turmoil. This has made the clean energy space both exciting and volatile. So, what does that mean for project finance?

Opinion

Sustaining the onshore wind boom in the Nordics

26 July 2021

The onshore wind market in the Nordics is undergoing phenomenal growth. The region’s operational wind turbine fleet will grow by more than 50% in the 2021-2023 period. What's driving the boom?

Editorial

The success of EU’s ‘Fit for 55’ package hinges on the action of local authorities

12 August 2021

The proposed measures will increase demand for wind power across the EU – but strong barriers on the local and national level repress an accelerated wind buildout.

Opinion

Wind turbine replacements to cost Europe €3.9 bn by 2030

17 August 2021

Nearly 10,000 wind turbine major components will need replacements or repairs this decade, with the vast majority of this O&M activity focused in Europe.

Opinion

Nordic power markets: at the heart of Europe’s energy transition

31 August 2021

Denmark, Finland, Norway and Sweden are leading the way on renewables integration. So, how is the Nordic power mix evolving and what will that mean for power prices in the region?

Editorial

Meet Wood Mackenzie's marketing apprentices

06 October 2021

Recent graduates Beth, Rob and Tim joined WoodMac in June 2021 through our partner Apprentify, each studying towards a level 3 qualification in marketing.

Opinion

Does Europe have enough gas to meet demand?

08 October 2021

We've seen record wholesale gas prices over the past month. But this masks the bigger question - is there enough gas to meet european demand this winter?

Opinion

Can the supply chain cope with Norway’s upstream investment surge?

08 November 2021

Offshore investment activity is ramping up in Norway, and its upstream supply chain faces distinct pinch points.

Opinion

Will platform electrification decarbonise the North Sea?

09 November 2021

The UK's North Sea Transition Deal has focused attention on platform electrification. Can the UK replicate Norway's past success and emissions savings?

Opinion

Sunny side up: our European solar PV market outlook 2021

19 November 2021

Solar power becoming more competitive, falling costs and green hydrogen policy developments could all incentivise more solar PV deployment.

Featured

Upstream oil and gas: top trends and wildcards to watch in 2022

13 December 2021

The oil and gas sector bounceback is set to continue – but the positive outlook is tempered by concerns about its future in a decarbonising world. Find out how global trends could play out in your region in our 2022 Outlook series.

Opinion

Green steel – will Sweden be the trailblazer?

21 December 2021

Combining our expertise in power and renewables, hydrogen and metals and mining to analyse Swedish green steel ventures and their potential for the industry.

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Search results: 598

European renewable PPA market sees 19GW of new capacity contracted in 2024

The road ahead for electric vehicles

Global gas market dynamics: three key themes

New recycling technologies can help solve the plastic waste problem

A tantalising year for North Sea exploration

How the bottom of the barrel became the top of refining margins

How private equity is revitalising offshore exploration and production

European PET market turmoil could see knock-on effects for brand owners

Will the RPET market flourish with the UK's new deposit scheme?

Decommissioning – will the time ever be right?

What is the impact of recent North American olefins investments on Europe?

Poland, Italy and Turkey experiencing fastest flexible packaging growth

Gas outlook: European oversupply and low prices

North Sea update: Cost reductions and FIDs in 2017

The real-time European power market solution for financials

The real-time European power market solution for utilities

Will renewable auctions underpin Europe’s net zero ambitions?

A £2.5 trillion transformation: the economic impact of a net-zero North Sea

How will Europe’s Green Deal shape renewable energy project finance?

Sustaining the onshore wind boom in the Nordics

The success of EU’s ‘Fit for 55’ package hinges on the action of local authorities

Wind turbine replacements to cost Europe €3.9 bn by 2030

Nordic power markets: at the heart of Europe’s energy transition

Meet Wood Mackenzie's marketing apprentices

Does Europe have enough gas to meet demand?

Can the supply chain cope with Norway’s upstream investment surge?

Will platform electrification decarbonise the North Sea?

Sunny side up: our European solar PV market outlook 2021

Upstream oil and gas: top trends and wildcards to watch in 2022

Green steel – will Sweden be the trailblazer?

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