ABO Wind chose to tender their first post-EEG assets through the Renewable Exchange platform.
ABO Wind, a global project developer for renewable energies, which has turnkey developed over 800 wind, solar and battery assets, and Renewable Exchange, leading utility PPA trading platform, partnered on their first joint project in Germany to secure a PPA for 7 post-EEG wind turbines in Rhineland-Palatinate area (Rheinland-Pfalz). The developer plans to repower the plants and is operating them in the meantime.
The assets entered the post-subsidy phase after its Feed-in-Tariff (FiT) support expired; the FiT support lasted 20 years guaranteeing project revenue.
A 2-year fixed-price PPA was deemed the most suitable option to ensure a stable revenue stream in the coming years. To secure the best PPA deal, ABO Wind partnered with Renewable Exchange.
Taking into account the continued power price rises, ABO Wind held off executing the PPA to the last possible moment in order to optimise value from the assets. The result was an increase of 17 Euros per MWh in the final PPA price, compared to the first bids received a month before. The spread between the top and bottom bids in the early stages exceeded 15 Euros per MWh.
ABO Wind chose Renewable Exchange for:
Renewable Exchange makes the PPA tendering process simple and effective with all bids presented in a clear view and comparable like-for-like thanks to smart analytics tools. It saves you valuable resources and helps optimise your decision-making process.
"We are happy to be the first project for Renewable Exchange in Germany and had a thoroughly positive experience. They expertly managed the process of sourcing a PPA. We are very pleased with the price and terms we secured, which enabled us to continue supporting the German energy transition with our projects. We look forward to further collaboration in the future."
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