How Will European Solar Respond to Power Price Cannibalisation?
Time: 16:30 - 17:00
Date: Day Two of 2024 Solar Finance and Investment Europe Summit
Synopsis
The solar industry has witnessed a continued withdrawal of government subsidies for new investment in solar projects. This has resulted in the sale of wholesale power becoming an increasing part of the returns generated from solar generation. As Europe solar supply capacity grows, the surplus power from solar sites depresses wholesale electricity – this is already visible in Spain which has the lowest power prices in Europe as of July 2023. This risks shrinking revenues from solar ahead.
- Will solar be financially viable without subsidy-driven markets into the future? Should the sector expect a return to European subsidies?
- How will projects be financed in the absence of subsidy-driven markets?
- How does risks of power price cannibalisation change the outlook of investment in European Solar?
- Will still further change the economics of co-located battery storage? What role will battery and alternative storage solutions facilitate in responding to power price volatility and cannibalisation?
Moderator
Monika Paplaczyk Investment Director - Thrive Renewables
Speakers
Pierre Bartholin Head of Revenue, Senior Director - Glennmont Partners
Francesca Tedeschi Director - Energy & Resources - Baringa Partners
Riku Merikoski Senior Power Analyst - Axpo
Sulaiman Ilyas-Jarret Head of Policy and Strategy, Renewable Delivery - Department for Energy Security and Net Zero
Jan-Phillip Kock Investment Strategy Manager - Encavis AG
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