In 2023, the length of Power Purchase Agreements (PPAs) for Solar PV Energy varied significantly across countries, with the United States leading at 26 years, followed by Indonesia and the United Kingdom at 23 years each. Australia was slightly lower at 22 years, while European nations like the Netherlands, Switzerland, and Estonia had shorter PPAs ranging from 16 to 13 years. China had the shortest PPA length at just 4 years.
The year-on-year variation in 2023 showed positive growth in most countries except Switzerland and China. The United States saw a modest increase of 0.79%, while Indonesia and the United Kingdom both experienced a 2.83% rise. Australia's PPAs grew by 1.92%, the Netherlands by 1.3%, and Estonia by 1.61%. Conversely, Switzerland experienced a significant decline of 5.59%, and China saw a drastic reduction of 27.52%.
Over the last five years, trends indicate a general growth in PPA lengths, with the exception of China and Switzerland, which have shown declining PPA durations.
Future trends to watch include potential market adjustments as global and regional policies evolve. Factors such as technological advancements, financial models, and regulatory environments will heavily influence the future length of PPAs for Solar PV energy.
Top countries in Length of Power Purchase Agreement for Solar PV Energy by Country
| # | 8 Countries | Years | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 26 | 2023 | 0% | +0.79% | View data |
| 2 | 2 Indonesia | 23 | 2023 | +4.55% | +2.83% | View data |
| 3 | 3 United Kingdom | 23 | 2023 | +4.55% | +2.83% | View data |
| 4 | 4 Australia | 22 | 2023 | 0% | +1.92% | View data |
| 5 | 5 Netherlands | 16 | 2023 | 0% | +1.3% | View data |
| 6 | 6 Switzerland | 15 | 2023 | -6.25% | -5.59% | View data |
| 7 | 7 Estonia | 13 | 2023 | 0% | +1.61% | View data |
| 8 | 8 China | 4 | 2023 | 0% | -27.52% | View data |
