Pexapark：2025年可再生能源市场展望报告：重大调整：新风险催生创新（英文版）

The European PPA Market entered an Adjustment Chapter characterized by record deal-making for fewer volumes – Stabilizing price volatility has been a key activity enabler over the past 18 months, but new risks in 2024 impacted growth dynamics. The manifestation of cannibalization risk through increased negative price events and low capture rates, alongside multi-faceted price risk, resulted in a year with vivid deal-making appetite but for more conservative volumes. Decreased Utility PPAs imp