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Promote power purchase agreements consistently in EU regulation, energy industry says

( October 24, 2024, 16:33 GMT | Official Statement) -- MLex Summary: EU policies must be consistent and supportive of power purchase agreements, or PPAs, to exploit their benefits in contributing to Europe’s decarbonization and industrial competitiveness, renewable energy buyers and energy suppliers say. "Despite the recently adopted EU Electricity Market Design revision, which mandates member states to promote PPAs, the European Commission is currently undermining the sustainable growth of PPAs," the industry says, referring to the draft rules on electric vehicle batteries "which would ban the use of PPAs and green energy certificates to demonstrate reduced emissions."Press release follows. ...

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