The PPA Tracker covers 90% of publicly disclosed deals and includes agreements that meet certain criteria:
Price risk: We aim to record PPAs that have genuinely enabled the financing of new, subsidy-free capacity to come online. For this reason, Route-to-market (RTM) or balancing services PPAs do not make it to our database, even if they are concluded for long periods.
Tenor: Initial PPAs enabling new capacity to be financed are added regardless of tenor. PPAs linked to existing assets, such as post-subsidy PPAs, i.e. post-EEG in Germany enabling to keep alive projects that would go offline otherwise, need to have a tenor longer than 5-years.
We are now making a distinction between PPA Size(MW) and Project Size(MW). PPA Size(MW) illustrates the contracted volume, and Project Size(MW) the size of the project. Whenever there’s no information on contracted capacity, and it’s not straight-forward to calculate, the PPA Size(MW) is left blank. If contracted volume is disclosed through MWh, it is added on the Details section. We calculate the volume of the deal flow based on the PPA Size and not the Project Size.
Offtaker Type is between Corporate, Utility, or Unknown. Corporate Offtaker taxonomy:
Financials: i.e. banks, insurance, asset management
Healthcare: i.e. pharmaceuticals, hospitals
Chemicals
Metals & Mining: i.e. aluminium, steel
Transportation: i.e. rail operators
Automobile and Components: i.e. car manufacturers
Consumer Staples: i.e. food, beverage, breweries
Consumer Durables: i.e. furniture, electronic equipment, apparel retail
Telecommunication Services: i.e. mobile carriers
Information Technology: i.e. data centres, IT providers
Professional Services: i.e. consulting, law firms
Education Services: i.e. research centres, universities
Public Sector: i.e. boroughs, municipalities
Energy: i.e. oil operations