Offshore wind returns, corporate demand surges, and PPA prices react to EU ETS uncertainty

After a slow start to 2026, activity on the European PPA market picked up in February, driven by strong corporate appetite.

• 25 deals signed, totalling 1.35 GW
• 84% of transactions led by corporate offtakers
• Germany and the UK emerged as the most active markets
• Offshore wind activity returned after a slower period
• PPA prices declined amid EU ETS uncertainty

The European PPA market is entering a phase of stronger corporate participation, renewed activity across technologies, and increasing sensitivity to policy developments.

Access the full February PPA market overview

Access detailed analysis of pricing, deal flow, and market developments across Europe.

Inside the full overview:

• Full PPA price index movements across key European markets
• Deal-level breakdown of all February transactions
• Offshore wind and hybrid PPA analysis
• Wholesale power market deep dive across regions
• Corporate offtaker trends by sector
• Key transactions and contract structures
• Implications for buyers and developers