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Sustainability

The European CPPA Barometer H1 2024

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H1 2024 saw a confirmation of dynamism in the market, with an unprecedented number of new deals announced in a single semester.

With unprecedented volatility in energy prices and increased commitment to ambitious sustainability targets, many companies have started paying close attention to Corporate Power Purchase Agreements (CPPAs). These agreements between producers and consumers secure high-quality green energy for the long-term at a stable price. But with so much data now flooding the market, it can be difficult to zero in on the most important information. To combat this, Capgemini Invent has created a CPPA Barometer, a detailed and impartial report on historical evolutions, trends and latest deals between producers and offtakers.

H1 2024 saw market dynamism remaining strong with a slightly increasing deal count, steered by tech giants with massive agreements, but the panel of offtakers continued to diversify with smaller businesses signing their first PPAs. However, as PPA negotiations are lengthy processes, the H1 announcements reflect efforts that were already underway a long time ago, under different market conditions. Conditions have become more complex in 2024 with market prices remaining low and cannibalization on the rise. We will look at how the market reacted in a future issue.

Corporate Power Purchase Agreement activity in the semester: H1 2024

125
deals announced during H1 2024
16,462
GWh/Y of cumulated volume (estimated) announced during H1 2024
58.5
percentage of greenfield CPPA volume
announced during H1 2024

The H1 2024 version of this report includes the usual important data points: deals signed and announced, cumulative GWh and MW, greenfield Corporate Power Purchase Agreement (CPPA) volume, and a multi-country comparison.

Spain continues to lead in terms of cumulative volume announced, though Germany and UK are showing record activity as well, while historically smaller markets like Italy are blooming. Read all about it, and more, in our latest CPPA Barometer report for H1 2024.

European CPPA Barometer: H1 2024

A comprehensive report on Europe’s Corporate Power Purchase Agreement (CPPA) markets, including deals, cumulative GWh and MW, and multi-country comparison.

Download the full report
The European CPPA Barometer H1_2024 mockup image

Browse previous year reports

European CPPA Barometer: H2 2023

European CPPA Barometer: Q2 2023

European CPPA Barometer: Q1 2023

To receive all previous editions before 2023 of the European CPPA Barometer reports, please reach out to request them.

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Our experts

Florent Andrillon

Group Climate Tech leader
Florent leads clean tech business development with all sustainability teams across the Group. He has more than 20 years of experience in the energy and utilities sector, helping clients to achieve their sustainability goals and transition to a low-carbon economy. He has a strong focus on the energy, resources, and clean tech market, as well as on sustainability, climate, and energy transition issues. He leverages Capgemini’s capabilities and its external partners to deliver innovative and impactful solutions.

Arthur Arrighi de Casanova

Head of Sustainable Futures, Capgemini Invent France
Arthur has over 10 years of experience leading exclusively sustainability and energy transition engagements, supporting clients in the development of related strategies. At Capgemini Invent, in recent years, Arthur has applied his expertise to the creation of climate and growth strategies, renewables development, green power sourcing, market analysis, transformational roadmaps, business due diligence, new business model design, and go-to-market support.

Alexandre Le Déméet

Senior Consultant of Sustainable Futures, Capgemini Invent France
With a master’s degree in management from HEC Paris, Alexandre has been working at Capgemini Invent for the past few years exclusively on climate and renewable energy topics. He assists clients from multiple industries in securing their sustainability and energy transition objectives, notably by supporting their green sourcing strategy (Corporate PPAs, onsite production, go-to-market support, etc.).