In the first quarter of 2024, solar PPA prices in North America declined in comparison to the previous quarter, reaching some 51.52 U.S. dollars per megawatt hour. However, North American wind PPA prices increased in comparison with the last quarter of 2023, surpassing 61.5 U.S. dollars per megawatt hour. Generally, the price of power purchase agreements in North America has presented an increasing trend over the last year. The rise of inflation, as well as interconnection queues in the country have contributed to the recent increase in PPA prices.
U.S. regional PPA pricing Regionally, wind PPA prices were the lowest in the Southwest Power Pool (SPP) and the Electric Reliability Council of Texas (ERCOT), reaching 40 and 42 U.S. dollar per megawatt hours in the last quarter of 2023, respectively. By comparison, wind PPA prices in the California Independent System Operator (CAISO) stood at 75 U.S. dollars per megawatt hour. Regarding solar, the Southwest Power Pool and the California Independent System Operator registered the lowest PPA prices among U.S. electricity system operators.
Corporate PPA landscape in the U.S. In total, more than 17 gigawatts of wind and solar capacity was contracted in the United States through corporate purchase agreements in 2023. Solar energy dominated the market during the last four years, accounting for roughly 80 percent of the contracted capacity annually. Technology companies were the largest buyers of renewable energy through PPAs that year in the U.S., with Amazon and Meta ranking first and second, respectively.

In the first quarter of 2024, wind and solar PPA prices in Europe declined in comparison to the previous quarter, reaching 94.6 and 67.6 euros per megawatt hour, respectively. The price of power purchase agreements for wind and solar projects in Europe has presented a decreasing trend over the last year.
Wind and solar prices in European countries On average, wind PPAs are forecast to reach higher prices than solar across Europe. For a 10 year pay-as-produced standard PPA starting in 2025, wind prices are expected to be the lowest in countries such as Spain, Norway, Ireland, the Netherlands, and Sweden, all with an average forecast price below 78 euros per megawatt hour. On the other hand, Southern European countries such as Italy, Spain, and Portugal registered the lowest forecast solar PPA prices.
The European corporate PPA market 2023 was a record year for corporate power purchase agreements in Europe. The region contracted 10.4 gigawatts of renewable capacity through corporate PPAs, an increase of almost 60 percent in comparison with the previous year. Spain and Germany were by far the countries with the largest corporate PPA contracted capacity that year, which amounted to 2.8 and 2.2 gigawatts of renewable energy, respectively.

In the fourth quarter of 2023, the Southwest Power Pool (SPP) was the system operator with the lowest price for wind power purchase agreements across the United States. SPP wind PPA prices amounted to 40 U.S. dollars per megawatt hour.

It is forecast that the price for wind power purchase agreements between 2025 and 2034 in Europe will range from an average of 100 euros per megawatt hour in France to 71 euros per megawatt hour in Spain. Spain is the country with the lowest price estimates for the region, followed closely by Norway and Ireland.

Forecast: Length of Power Purchase Agreement for Wind Energy in Indonesia 2022 - 2026 Discover more data with ReportLinker!

Forecast: Length of Power Purchase Agreement for Wind Energy in the UK 2024 - 2028 Discover more data with ReportLinker!

Load, wind and solar, prices in hourly resolution. This data package contains different kinds of timeseries data relevant for power system modelling, namely electricity prices, electricity consumption (load) as well as wind and solar power generation and capacities. The data is aggregated either by country, control area or bidding zone. Geographical coverage includes the EU and some neighbouring countries. All variables are provided in hourly resolution. Where original data is available in higher resolution (half-hourly or quarter-hourly), it is provided in separate files. This package version only contains data provided by TSOs and power exchanges via ENTSO-E Transparency, covering the period 2015-mid 2020. See previous versions for historical data from a broader range of sources. All data processing is conducted in Python/pandas and has been documented in the Jupyter notebooks linked below.

The Global Wind Power Tracker (GWPT) is a worldwide dataset of utility-scale wind facilities. It includes wind farm phases with capacities of 10 megawatts (MW) or more. A wind project phase is generally defined as a group of one or more wind turbines that are installed under one permit, one power purchase agreement, and typically come online at the same time. The GWPT catalogs every wind farm phase at this capacity threshold of any status, including operating, announced, under development, under construction, shelved, cancelled, mothballed, or retired. Each wind farm included in the tracker is linked to a wiki page on the GEM wiki.

Architecture

Global Energy Monitor’s Global Wind Power Tracker uses a two-level system for organizing information, consisting of both a database and wiki pages with further information. The database tracks individual wind farm phases and includes information such as project owner, status, installation type, and location. A wiki page for each wind farm is created within the Global Energy Monitor wiki. The database and wiki pages are updated annually.

Status Categories

• Announced: Proposed projects that have been described in corporate or government plans but have not yet taken concrete steps such as applying for permits.
• Development: Projects that are actively moving forward in seeking governmental approvals, land rights, or financing.
• Construction: Site preparation and equipment installation are underway.
• Operating: The project has been formally commissioned; commercial operation has begun.
• Shelved: Suspension of operation has been announced, or no progress has been observed for at least two years.
• Cancelled: A cancellation announcement has been made, or no progress has been observed for at least four years.
• Retired: The project has been decommissioned.
• Mothballed: The project is disused, but not dismantled.

Research Process

The Global Wind Power Tracker data set draws on various public data sources, including:

• Government data on individual power wind farms (such as India Central Electricity Authority’s “Plant Wise Details of All India Renewable Energy Projects” and the U.S. EIA 860 Electric Generator Inventory), country energy and resource plans, and government websites tracking wind farm permits and applications;
• Reports by power companies (both state-owned and private);
• News and media reports;
• Local non-governmental organizations tracking wind farms or permits.

Global Energy Monitor researchers perform data validation by comparing our dataset against proprietary and public data such as Platts World Energy Power Plant database and the World Resource Institute’s Global Power Plant Database, as well as various company and government sources.

Wiki Pages

For each wind farm, a wiki page is created on Global Energy Monitor’s wiki. Under standard wiki convention, all information is linked to a publicly-accessible published reference, such as a news article, company or government report, or a regulatory permit. In order to ensure data integrity in the open-access wiki environment, Global Energy Monitor researchers review all edits of project wiki pages.

Mapping

To allow easy public access to the results, Global Energy Monitor worked with GreenInfo Network to develop a map-based and table-based interface using the Leaflet Open-Source JavaScript library. In the case of exact coordinates, locations have been visually determined using Google Maps, Google Earth, Wikimapia, or OpenStreetMap. For proposed projects, exact locations, if available, are from permit applications, or company or government documentation. If the location of a wind farm or proposal is not known, Global Energy Monitor identifies the most accurate location possible based on available information.

In 2022, average levelized wholesale wind PPA power price in the United States stood at roughly 25.5 U.S. dollars per megawatt hour, the same value recorded in the previous year. In the period of consideration, figures fluctuated, peaking at 82.5 U.S. dollars per megawatt hour in 2009.

Liechtenstein Length of Power Purchase Agreement: Wind data was reported at 0.000 Year in 2014. This stayed constant from the previous number of 0.000 Year for 2013. Liechtenstein Length of Power Purchase Agreement: Wind data is updated yearly, averaging 0.000 Year from Dec 2000 (Median) to 2014, with 15 observations. The data reached an all-time high of 0.000 Year in 2014 and a record low of 0.000 Year in 2014. Liechtenstein Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Liechtenstein – Table LI.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: Non OECD Member: Annual.

Czech Republic Length of Power Purchase Agreement: Wind data was reported at 0.000 Year in 2019. This stayed constant from the previous number of 0.000 Year for 2018. Czech Republic Length of Power Purchase Agreement: Wind data is updated yearly, averaging 20.000 Year from Dec 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 20.000 Year in 2013 and a record low of 0.000 Year in 2019. Czech Republic Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Czech Republic – Table CZ.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: OECD Member: Annual.

Romania Length of Power Purchase Agreement: Wind data was reported at 0.000 Year in 2019. This stayed constant from the previous number of 0.000 Year for 2018. Romania Length of Power Purchase Agreement: Wind data is updated yearly, averaging 0.000 Year from Dec 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 0.000 Year in 2019 and a record low of 0.000 Year in 2019. Romania Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: Non OECD Member: Annual.

Forecast: Length of Power Purchase Agreement for Wind Energy in Switzerland 2022 - 2026 Discover more data with ReportLinker!

Australia Renewable Energy Market size was valued at USD 20.31 Billion in 2023 and is projected to reach USD 42.91 Billion by 2031, growing at a CAGR of 9.8% from 2024 to 2031.

Declining Costs of Solar and Wind Technologies: The significant reduction in the cost of solar and wind technologies has accelerated the rise of renewable energy in Australia. According to the CSIRO’s GenCost 2021-22 report, utility-scale solar prices have decreased by 82% and wind costs by 43% in the last decade, making them the most cost-effective sources of new power generation.

Rising Corporate Power Purchase Agreements (PPAs): Corporate demand for renewable energy via PPAs has emerged as a significant industry driver. According to the Business Renewables Centre Australia, corporate PPAs enabled 4.5 GW of renewable energy projects from 2017 to 2022, including a record 1.2 GW of agreements inked in 2022.

Ecuador Length of Power Purchase Agreement: Wind data was reported at 0.000 Year in 2014. Ecuador Length of Power Purchase Agreement: Wind data is updated yearly, averaging 0.000 Year from Dec 2014 (Median) to 2014, with 1 observations. The data reached an all-time high of 0.000 Year in 2014 and a record low of 0.000 Year in 2014. Ecuador Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ecuador – Table EC.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: Non OECD Member: Annual.

Forecast: Length of Power Purchase Agreement for Wind Energy in Japan 2022 - 2026 Discover more data with ReportLinker!

Switzerland Length of Power Purchase Agreement: Wind data was reported at 15.000 Year in 2019. This records a decrease from the previous number of 20.000 Year for 2018. Switzerland Length of Power Purchase Agreement: Wind data is updated yearly, averaging 20.000 Year from Dec 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 25.000 Year in 2007 and a record low of 0.000 Year in 2004. Switzerland Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Switzerland – Table CH.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: OECD Member: Annual.

Latvia Length of Power Purchase Agreement: Wind data was reported at 0.000 Year in 2019. This stayed constant from the previous number of 0.000 Year for 2018. Latvia Length of Power Purchase Agreement: Wind data is updated yearly, averaging 0.000 Year from Dec 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 10.000 Year in 2013 and a record low of 0.000 Year in 2019. Latvia Length of Power Purchase Agreement: Wind data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Latvia – Table LV.OECD.ESG: Environmental: Renewable Energy Feed-in Tariffs: by Sources: OECD Member: Annual.

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Wind Turbine Decommissioning Services Market Size 2025-2029

The wind turbine decommissioning services market size is forecast to increase by USD 2.23 billion at a CAGR of 15.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of aging wind turbines reaching the end of their operational life and the significant reductions in Levelized Cost of Energy (LCOE) due to reduced capital costs. Another key trend is the rise in offshore wind installations, which present unique challenges in terms of logistics and complex decommissioning processes. These trends are accompanied by an increase in the amount of waste generated during decommissioning, necessitating the development of sustainable and cost-effective solutions. Companies seeking to capitalize on this market opportunity must navigate these challenges effectively, including the need for specialized expertise, regulatory compliance, and the development of innovative technologies. Strategic partnerships and collaborations between industry players and stakeholders will also be crucial to addressing the complexities of wind turbine decommissioning and ensuring a sustainable and efficient transition to the next generation of renewable energy technologies.

What will be the Size of the Wind Turbine Decommissioning Services Market during the forecast period?

Request Free SampleThe market is gaining momentum as the global shift towards renewable energy sources continues. With the increasing number of wind power generation projects reaching the end of their operational life, the demand for specialized decommissioning services is on the rise. The decommissioning process involves the safe and efficient dismantling of wind turbines and the disposal or recycling of valuable materials, such as rare-earth elements and metals. Power purchase agreements (PPAs) play a significant role in the business case for wind turbine decommissioning. As wind farms reach the end of their useful life, the cost of continuing operation may exceed the revenue generated from energy production. In such cases, decommissioning and site restoration become a necessary investment. Environmental considerations are also driving the market. Wind turbines must be dismantled and disposed of in an environmentally sustainable manner, adhering to regulatory requirements and minimizing the impact on ecosystems. Advanced recycling technologies are being developed to minimize waste and promote a circular economy. The decommissioning process for offshore wind turbines presents unique challenges due to the marine environment and the need for specialized equipment and environmental consultants. Governments and investors are recognizing the importance of proper wind turbine decommissioning to mitigate climate change and ensure responsible land use agreements. Investments in geothermal and other renewable energy sources may also influence the wind industry's direction, impacting the market for wind turbine decommissioning services. Regardless, the market is expected to continue growing as aging wind farms are decommissioned and replaced with newer, more efficient technologies.

How is this Wind Turbine Decommissioning Services Industry segmented?

The wind turbine decommissioning services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeLargeMediumSmallApplicationOnshoreOffshoreGeographyEuropeDenmarkGermanyUKNorth AmericaUSCanadaAPACChinaIndiaJapanMiddle East and AfricaSouth AmericaBrazil

By Type Insights

The large segment is estimated to witness significant growth during the forecast period.The market is witnessing growth due to the increasing replacement of older, less efficient wind turbines with larger, more efficient units. These larger turbines, ranging from 2 to 6 megawatts, offer greater energy output and cost-effectiveness. As a result, wind energy companies are decommissioning and removing smaller turbines to make way for larger installations. For instance, offshore wind farms in the North Sea are undergoing decommissioning and replacement with more powerful turbines to enhance energy generation. The international expansion of the wind industry is expected to drive the demand for decommissioning services for larger turbines, presenting opportunities for market growth during the forecast period. Additionally, the decommissioning process involves various services such as fiberglass recycling, tower decommissioning, rare-earth magnet recycling, and disposal services to ensure sustainable wind energy practices and adherence to regulations. The decommissioning industry focuses on efficiency, cost-effectiveness, and safety, employing advanced technologies and logistics to minimize waste and maximize resour

In 2023, a total of 10.35 gigawatts of renewable power had been contracted through corporate purchase agreements (PPAs) in Europe. Wind was the technology with the largest contracted capacity through the period considered. The volume of solar capacity contracted increased greatly, reaching 6.07 gigawatts in 2023, over taking the wind capacity that year.