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RWE Renewables joins PPA pricing platform PexaQuote

Global renewable energy company RWE Renewables has joined PexaQuote, an award-winning power purchase agreement (PPA) pricing platform operated by Pexapark, a provider of software and advisory services for post-subsidy renewable energy sales.
RWE Renewables joins PPA pricing platform PexaQuote

PexaQuote models transaction prices for renewable PPAs across different markets in Europe and has recently been updated with new functionalities to help its growing user base tailor pricing to different markets, technologies and contract specifics.

Developers and power producers are exploring PPAs, as the renewables industry transitions towards a post-subsidy market, in order to manage transactional risks and secure financing for projects. However, the market is still in its infancy, and many companies, faced with a variety of structurally different PPA hedging strategies, struggle to evaluate which would be the optimal choice for a given project. This slows down individual deals and can prevent accurate benchmarking of pricing and merchant risk.

“As the market shifts and reacts to wider economic trends, we want to keep our PPA price modelling for renewables as precise and up-to-date as possible” said Roland Kok, PPAs & Structured Origination at RWE Renewables. “As a global player, we have our own models and tools in place to calculate and deliver the best PPA offers for our customers. The outside-in perspective is important for us as we always want to learn and improve; also this is important for our customers. A key feature of PexaQuote for us is the dynamic reporting of renewable power pricing on the market, which allows us to validate the accuracy of our PPA pricing models.”

RWE Renewables joins a quickly growing number of renewable energy investors and producers using PexaQuote. As of this year, renewable energy project developers and energy producers comprise nearly 40 percent of PexaQuote’s subscriber base, while finance partners and investors make up over 15 percent.

In order to continue serving the evolving needs of this market, Pexapark has recently added new functionalities to PexaQuote to allow users to adjust PPA pricing based on deal-specific factors, including off-taker credit rating and liquidity, and technology.

For additional information:

RWE Renewables

Pexapark

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