Conflict in Iran: Comparing the 2022 and 2026 energy crises and their implications on the PPA market

As Europe faces yet another energy crisis, Veyt compares the 2022 and 2026 crises and looks at the potential PPA market implications. While the war-driven energy price shock may temporarily suppress PPA activity as market players recalibrate expectations, heightened price volatility ultimately strengthens the appeal of PPAs as a risk management tool. Furthermore, the market response beyond the short-term horizon could be largely shaped by policy instruments that promote PPAs and remove barriers.