In the last five years, Europe has seen significant growth in the use of PPAs for renewable energy. This is largely due to decreasing costs of renewable energy generation, phasing out of feed-in-tariffs as well as growing corporate demand for green energy. Although PPAs are used in several countries across Europe, the majority are concentrated in just a few, where subsidies are limited. However, demand is spreading across the region and several renewable energy projects are seeking PPAs in order to become realised.
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