The Aurora Renewables Summit Berlin 2023 took place this year on 11 May. In the wake of the recent energy crisis, industry leaders convened to foster thought-provoking debates on policies and strategies necessary for achieving 80% renewables by 2030. This event examined the role of coordination between state and market mechanisms to incentivize innovation, efficiency, and productivity for the German renewables market.

In response to the disruptions in the energy markets over the past year, there has been a surge in the adoption of policy interventions designed to mitigate the direct effects of Russia’s invasion of Ukraine. This has generated a heightened degree of uncertainty among market participants when it comes to determining the most effective market instruments to deploy under unpredictable conditions.

In pursuit of the dual objectives of securing European energy security and achieving climate neutrality, the Aurora Renewables Summit Berlin brought together stakeholders, industrial consumers, and financial players from across the energy industry to discuss the growing importance of flexibility assets and Power Purchase Agreements (PPAs) in the German energy market. Our panelists delved into the complexities of PPA pricing mechanisms and explored the roles PPAs can play in securing Germany’s renewables buildout. Additionally, we examined the impacts of short-term regulatory interventions on the PPA market and how industry players could navigate these uncertainties to ensure stability and growth.

The Aurora Renewables Summit Berlin also discussed the future incentivization of renewables buildout between the current market premium scheme, Contracts for Difference (CfDs), and the potential addition of industry price pools, and how these could be used in conjunction with PPAs.

The Aurora Renewables Summit Berlin provided the rare opportunity to hear from Jörg Kukies, State Secretary at the Federal Chancellery, who spoke about the German strategy for the expansion of renewable energies, pursuing climate neutrality as a goal.

The event offered a unique opportunity to gain insights into the challenges and opportunities of expanding renewable energy and to engage with experts, policymakers, and industry players in the field.