WAME2022 White Paper
Offshore Wind CPPA Market in Europe & Asia Pacific
Sweden and Norway have a total of more than 34GW of offshore wind under planning, and Japan currently has about 44GW of offshore wind power projects in the early planning stage. In addition to the existing bidding mechanism, corporate PPA as a new route to market also evolves rapidly creating new opportunities for sector participants. This white paper describes the associated CPPA activities involving offshore wind power in Europe and APAC region from 2019 to 2021. It is not difficult to see that an increasing number of companies have chosen the CPPA model to obtain a stable green power supply and prices. It is believed that in those countries that vigorously develop offshore wind power, CPPA can a favored option accepted by more and more enterprises.