Insure your RE project with weather insurance and PPAs
To discuss risk management via weather insurance and PPA hedging, we're joined by Ronny Bendlin Spür, senior originator for weather and commodity at Munich RE.
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Developer Enel Green Power España and offtaker Johnson & Johnson closed the biggest corporate European PPA deal of last month. This virtual PPA (Power Purchase Agreement) will enter into force in January 2023.
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The total PPA capacity is increasing, with a total capacity of 6.891 MW up to date, which almost reaches the total capacity of last year. And the corporate PPA capacity is the leading type of transactions within the year 2021 up to date.
The international healthcare company Johnson & Johnson will receive 270 Gigawatt hour of renewable power per year. The energy will be produced by a combination of wind and solar power from three power plants located in Spain.