Welcome to The Pexapark Podcast, your fortnightly edit of impactful intelligence in renewable energy, Power Purchase Agreements (PPA) and beyond. Every two weeks, our COO & Co-Founder Luca Pedretti kicks off with key market, regulatory, pricing and deal making updates in Europe and North America. In the second part, Luca hosts an in-depth conversation with an industry expert, discussing candid perspectives on the critical trends shaping our sector. For more insights, register for a free Pexapark account here: https://go.pexapark.com/podcasts About Us Pexapark is the price intelligence platform for clean energy, covering solar, wind, and battery storage across more than 20 countries. We help clean energy buyers, sellers, and investors navigate increasingly complex power markets with confidence.
How Industrials Really Buy Power, and Why It Is Changing with Jens Lievens and Kathleen Peters of the E&C Group
Welcome back to The Pexapark Podcast! Luca Pedretti is joined by Jens Lievens , CEO, and Kathleen Peters , Product Owner for Energy Transition Services at E&C Group , to explore how corporate energy procurement is changing as volatility, on-site generation, and evolving risk profiles reshape the way businesses buy power. Drawing on E&C Group's experience supporting industrial companies across more than 100 countries, the conversation examines why traditional full-supply contracts are giving way to more active, data-driven approaches to managing energy costs and risk. Key themes from the discussion include: Why traditional full-supply contracts have become less viable in today's energy market How the energy crisis shifted profile risk from suppliers to corporate buyers How behind-the-meter generation and PPAs are reshaping residual supply risk for corporates How procurement strategies are evolving to incorporate greater flexibility and active risk management Why data quality and accurate consumption forecasting are becoming critical to successful procurement Why active energy management can turn increased procurement complexity into a competitive advantage Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
From Annual Green Claims to Structured Risk Management: How Corporate PPAs Are Evolving in a More Volatile, More Granular Market with Phil Dominy and Arbaaz Nayeem of EY
Welcome back to The Pexapark Podcast! Luca Pedretti sits down with Phil Dominy , Director, and Arbaaz Nayeem , Assistant Director, at EY to discuss how corporate PPAs are evolving as buyers place greater emphasis on risk management, price certainty, and commercial flexibility. As market volatility increases and procurement strategies become more sophisticated, the conversation explores how corporate PPAs are adapting to changing sustainability frameworks, evolving commercial structures, and new approaches to managing market risk. Key themes from the discussion include: Why corporate PPAs are increasingly viewed as risk management tools alongside sustainability objectives How price certainty is becoming the leading driver of corporate procurement decisions How evolving GHG Protocol and SBTi proposals could reshape corporate renewable procurement Why operational assets and baseload PPAs are gaining traction alongside new-build projects How retraded PPAs are helping generators unlock additional trading value Why active PPA management, collars, and TBx structures are emerging to help corporates better manage market exposure Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The New Rhythm: Large Loads and the Changing US PPA Market with Sean Boyle of Doral Renewables LLC
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Sean Boyle, Vice President of Markets at Doral Renewables LLC , to discuss how the US renewable energy market is evolving as AI-driven electricity demand, battery storage, and changing procurement strategies reshape renewable offtake. Drawing on Doral Renewables LLC's experience developing large-scale solar and storage projects across the US, the conversation explores how developers are adapting to changing buyer behavior, new contract structures, and the growing role of co-located solar and storage projects. Key themes from the discussion include: How AI-driven load growth is reshaping the US renewable PPA market Why large buyers are changing procurement strategies and contracting timelines How new capacity-focused procurement models are emerging alongside traditional PPAs Why co-located solar-plus-storage projects require new commercial structures How firming renewable generation with storage could reshape future offtake structures Why transmission constraints remain one of the biggest barriers to renewable deployment In the second part of the episode, Luca turns to recent Pexapark market intelligence. He examines how Germany's BESS offtake market has accelerated in the first half of 2026, with contracted volumes already surpassing the total recorded in 2025. The discussion highlights growing demand for Flexibility Purchase Agreements (FPAs), with partial toll structures becoming increasingly common as developers balance financing requirements with merchant exposure. Luca also explores the rapid rise of co-located battery projects, which now account for more than 30% of Germany's BESS offtake market. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Inside Southeast Europe's Power Markets with Dimitar Enchev of CWP Global
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Dimitar Enchev , Executive Director at CWP Global , to discuss why Southeast Europe remains one of Europe's most compelling renewable energy markets. Drawing on CWP's extensive development pipeline across the region, the conversation explores how wind, battery storage, corporate PPAs, and evolving market integration are reshaping investment opportunities across both EU and non-EU countries. Key themes from the discussion include: Why Southeast Europe continues to offer attractive opportunities for renewable investment How wind and battery storage create complementary value across the region's power markets How CBAM could accelerate corporate demand for renewable PPAs How growing market integration is reshaping pricing and trading opportunities Why storage and portfolio optimization are becoming critical competitive advantages Why flexibility will play an increasingly important role as renewable markets mature In the second part of the episode, Luca turns to recent Pexapark market intelligence, highlighting the key themes from Pexapark's latest German market briefing. He examines continued pressure on solar PPA pricing, the growing role of co-located storage, the maturation of BESS financing through Flexibility Purchase Agreements (FPAs), and shifting regulatory frameworks supporting renewable development. The discussion also touches on Great Britain's corporate PPA market, where buyers are increasingly turning to operational assets as premiums for new-build projects continue to rise. The takeaway: across Europe's most active renewable markets, storage, flexibility, and evolving offtake structures are becoming central to project economics and investment decisions. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Risk, Revenue & Resilience: The View from a Global Investor with Jordi Francesch of Nuveen
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti is joined by Jordi Francesch, Managing Director and Global Head of Asset Management at Nuveen , to discuss how renewable investors are navigating a market defined by falling capture prices, rising volatility, curtailment, and growing regulatory complexity. Drawing on experience managing a portfolio of more than 5 GW of solar and storage assets across multiple markets, Jordi shares his perspective on value creation, risk management, and the evolving role of battery storage in the energy transition. Key themes from the discussion include: Why renewable investing has shifted from financial engineering back to operational excellence How risk management, regulation, and revenue optimization have become critical value drivers Why asset quality and location matter more as capture rates decline How evolving revenue stacks are changing renewable and storage investment strategies The growing importance of BESS for both renewable portfolios and grid integration Why Italy, Spain, and Germany are taking different approaches to market design and flexibility In the second part of the episode, Luca turns to recent Pexapark market intelligence. He reviews several major developments across renewable energy, storage, and power markets, beginning with SoftBank’s plans to invest up to €75 billion in French data center infrastructure. The discussion highlights the growing importance of large-scale power demand from digital infrastructure and the implications for future electricity consumption. The broader takeaway: new sources of demand are becoming an increasingly important consideration for renewable developers, investors, and power markets across Europe. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
From Oil Major to Energy Integrator: Managing 6 GW of Renewables with Maria Paz of Repsol
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Maria Paz , Director of Energy Management and Thermal Generation at Repsol , to discuss what it takes to build and manage a large-scale renewable portfolio within an integrated energy company. With more than 6 GW of renewable capacity across Spain, the US, Chile, and Italy, Repsol offers a unique perspective on combining generation, retail demand, trading, and risk management under a single commercial strategy. Key themes from the discussion include: How Repsol integrates generation, retail demand, and trading activities Why PPAs remain essential for de-risking renewable investments How portfolio optimization captures value across forward, spot, and ancillary service markets The role of hybridization and grid constraints in future project development Why renewable commercialization is becoming increasingly complex as markets evolve In the second part of the episode, Luca turns to recent Pexapark market intelligence, examining Italy's rapidly evolving renewable and storage market. He highlights the upcoming MACSE storage auction, the launch of a market-based FCR mechanism, and new FERX renewable support rounds. Across all three developments, a common theme emerges: developers and lenders continue to place a high value on long-term revenue certainty, while regulators increasingly design mechanisms that support system integration and flexibility. The takeaway: Italy is reinforcing its position as one of Europe's most important renewable and storage markets through a combination of regulated support schemes and market-based incentives. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Co-location & Hybrid PPAs in Germany: What’s Real, What’s Priced, What’s Next
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Max von Hausen , Pexapark’s Regional Lead for PPA and BESS Transactions in the DACH region, to explore the rise of co-located renewable and battery projects – and what hybrid PPA structures actually look like in practice. Drawing from ongoing negotiations and market outreach across Europe, the conversation examines how developers, utilities, corporates, and lenders are approaching the rapidly evolving market for hybrid offtake agreements in Germany and beyond. Key themes from the discussion: What hybrid PPAs are and how co-located solar and BESS projects are structured Why negative prices and falling capture rates are accelerating co-location How pay-as-produced, pay-as-nominated, and hybrid structures differ Why developers are balancing fixed revenues with merchant exposure How FCAs and grid constraints are shaping project economics Why co-location could become the standard model for future renewable projects In the second part of the episode, Luca turns to recent Pexapark market intelligence, examining how data center demand is reshaping US power markets. In ERCOT, uncertainty around future load growth is driving a sharp shift in forward curves, while hyperscalers continue paying premium prices for renewable PPAs. In PJM, supply constraints and slow interconnection processes are keeping solar PPA prices near record highs despite new reliability initiatives. The takeaway: data center demand is accelerating structural changes across US power markets, but supply bottlenecks continue to dominate pricing dynamics. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Missing Layer of Power Markets: Battery Optimization with Steffen Schülzchen of Entrix
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti speaks with Steffen Schülzchen, CEO and Founder of Entrix , about the rise of battery optimization and the role of software in turning flexibility into a scalable business. Entrix is one of Europe’s leading battery optimizers in the flexibility space, helping large-scale batteries operate across power markets, ancillary services, and evolving offtake structures. Key themes from the discussion: What a battery optimizer actually does – beyond simply “trading” batteries How Entrix uses software and automation to optimize BESS across multiple revenue streams Why battery performance depends on market forecasts, asset constraints, warranties, and state of charge How optimization agreements, merchant exposure, and longer-term offtake structures are evolving Why European expansion requires local market knowledge, even with a scalable tech platform How the optimizer market may develop across Europe as flexibility becomes critical infrastructure In the second part of the episode, Luca turns to recent Pexapark market intelligence. He examines the role of demand-side flexibility in Europe’s changing power system, and why it looks compelling on paper but remains difficult to scale in practice. While industrial demand response can compete with BESS in some balancing and capacity markets, its availability depends on operational constraints and market design. The takeaway: demand-side flexibility has a role to play, but for now, BESS remains the more controllable, scalable force shaping intraday spreads in Europe . Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The AWS for Power: How Philipp Man of terralayr Wants to Shape the BESS Offtake Market
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti speaks with Philipp Man , CEO and Founder of terralayr , about his vision for building a scalable platform for battery flexibility. The conversation explores how terralayr combines a BESS IPP model with a software-driven route to market, and how asset owners can structure revenues across contracted and merchant exposure, multiple optimizers, and evolving offtake products. Key themes from the discussion: Why flexibility is emerging as the next critical layer in energy markets How terralayr combines asset ownership with a software-based commercialization platform Why asset owners are moving beyond the binary of fully merchant vs fully contracted How virtual tolls, optimizer baskets, and auction-based mechanisms expand BESS revenue strategies What is driving demand, pricing, and counterparty dynamics in Germany’s BESS offtake market Why bankability still hinges on credible counterparties and proven tolling structures In the second part of the episode, Luca turns to Pexapark market intelligence , unpacking how geopolitical tensions are reshaping European power markets. He examines how the Iran war is being priced as a structural supply risk – increasing gas prices and volatility, and improving the outlook for BESS revenues – while also widening bid-ask spreads and slowing long-term contracting. The discussion then shifts to flexible connection agreements (FCAs) in Germany, highlighting how non-firm grid access introduces volume risk and increases pricing uncertainty for traditional tolling structures. The takeaway: Germany’s BESS offtake market is increasingly pointing toward more flexible, portfolio-based and financial solutions – including partial tolling, virtual tolls, and top-bottom swaps. NOTES How Flexible Connection Agreements Reshape BESS Tolls in Germany Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
An Overview of the US BESS Offtake Market: From Tolls to TB Swaps with Supria Ranade from JP Morgan
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti is joined by Supria Ranade , Executive Director, Power Origination at J.P. Morgan , to explore the evolving landscape of the US battery offtake market. The discussion looks at how the market is moving beyond traditional tolling structures toward more sophisticated hedging solutions such as top-bottom (TB) swaps – and what this shift means for pricing, risk transfer, and market participants. Key themes from the discussion: How the US battery offtake market has evolved from traditional tolls to TB swaps and other structured hedges The three core battery revenue streams: energy arbitrage, ancillary services, and capacity Why ERCOT and CAISO remain the key markets shaping battery contracting and trading Who is buying and selling TB products – from utilities and hedge providers to corporates and data centers Why battery offtake remains largely an OTC market, even as benchmark products gain traction What TB pricing reveals about market volatility, battery duration, and the value of storage flexibility In the second part of the episode, Luca is joined by Pexapark colleagues Jeremy Zelinger and Tyler Anderson to discuss a major expansion of Pexapark’s US storage price intelligence. The focus is on new TB4 and TB6 benchmarks for longer-duration batteries in ERCOT and PJM, the methodology behind them, and early insights – including strong seasonality in persistent value and diminishing returns as battery duration increases. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
From Volume to Value: The Next Phase of Renewable Investing with Domenico Tripodi of AIP
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti speaks with Domenico Tripodi , Partner and Co-Head of Investments at AIP Management , about how financial investors are navigating a renewables market shaped by merchant exposure, changing valuations, and shifting value pools. The conversation explores how private capital is adapting as the sector moves beyond the growth expectations of previous years toward a more complex investment environment. Enjoy their conversation on topics including: Why equity valuations and growth assumptions in parts of renewables were overstated between 2019 and 2023 How financial structuring helped investors stay defensive through that period Why value is increasingly shifting from greenfield development toward aggregation and brownfield assets How IPPs may need to move downstream and build new commercial capabilities Why enterprise value in renewables is becoming more tied to portfolio and revenue management How investors are thinking about flexibility, ancillary services, and risk-adjusted returns in renewable-heavy systems In the second part of the episode, Luca turns to Pexapark market intelligence , looking at the anticipated overhaul of Germany’s Renewable Energy Act (EEG). The discussion focuses on the proposed shift to a two-sided CfD system, what it could mean for auction dynamics, and how the changes may affect both the German PPA market and developer strategies. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Navigating the New IFRS Reality for PPA with Francisco Jimenez of EY
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti sits down with Francesco Jimenez , Partner at EY , to break down a topic that has quickly become front-of-mind for many offtakers and developers: IFRS and PPA accounting. With new rules applying from January 1, 2026, the conversation looks at what has actually changed, why it matters, and how companies can prepare – especially when PPAs may trigger derivative accounting, fair value movements, and earnings volatility. Enjoy their conversation on topics including: What IFRS is – and why the January 1, 2026 amendments matter for PPAs Which PPAs are more likely to be treated as derivatives (and why) How the changes affect the “own-use” exemption for certain physical, pay-as-produced PPAs What hedge accounting can (and can’t) solve when fair value moves hit reporting How fair value is determined in practice (Level 1 / 2 / 3 inputs) when PPA markets aren’t fully liquid Practical steps companies can take now: contract assessment, valuation inputs, and process readiness In the second part of the episode, Luca turns to recent Pexapark market intelligence – starting with the first-ever Pexapark leaderboard for the European BESS offtake market, focused on Flexibility Purchase Agreements (FPAs) such as floors, tolls, and swaps (and excluding optimization agreements). The episode then shifts to Italy, where leaked details of a proposed New Energy decree reportedly triggered sharp moves in forward power prices and spillover into PPA pricing – highlighting how policy risk can quickly translate into market risk for offtake and investment decisions. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Big Repricing: How Volatility and BESS Reshape Clean Energy Markets with Dominique Hischier of Pexapark
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti is joined by Dominique Hischier, VP – Editorial & Analysis at Pexapark , to unpack the big theme of Pexapark’s Market Outlook 2026: “ The Big Repricing – how volatility and BESS reshape clean energy markets. ” Enjoy their discussion on topics including: What it means to operate in a renewables-dominated power system Why price volatility is becoming structural, not cyclical How lower capture rates, negative prices, and curtailment are reshaping revenues Why value is shifting from generation toward flexibility and BESS How offtake is evolving as PPA volumes fell ~15% in 2025 The rise of FPAs and merchant optimization as core routes to market for batteries In the second part of the episode, Luca turns to recent Pexapark market intelligence on the world’s largest power market, PJM, and how it is being reshaped by rapid data center demand growth and thermal retirements. Capacity auction prices have cleared at the regulatory ceiling again, reserve margins are razor-thin, and new procurement models are emerging – from behind-the-meter and co-located strategies to regulatory changes enabling faster interconnection. The episode also looks at proposals for a one-time auction offering 15-year revenue certainty for new dispatchable generation, signaling a major potential shift in market design. Pexapark’s Renewables Market Outlook 2026 is now available. The Big Repricing examines how record renewable deployment, rising volatility, and the rapid scale-up of BESS are reshaping how value is created and captured across clean energy markets. Download the full report Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Merchant Value & Volatility: Decoding BESS Bankability with Niels Jakeman of NORD/LB
Welcome back to The Pexapark Podcast ! In the first part of the episode, Luca Pedretti is joined by Niels Jakeman , Head of Energy Origination Europe at NORD/LB , to explore how battery storage is being financed today and what lenders look for as the market matures. With around 30 GWh of storage financed globally and decades of experience across renewables and infrastructure finance, Niels offers a lender’s perspective on bankability, risk allocation, and how storage fits into the broader evolution of renewable project finance. The discussion cuts straight to the issues shaping the future of storage finance, including: How renewable financing has evolved from feed-in tariffs to merchant exposure – and what that means for storage What makes a storage project bankable, from location and stakeholders to contracts and warranties How lenders assess merchant risk, arbitrage, ancillaries, and battery degradation The shift from simple tolling agreements toward more complex optimization and hedging structures Why hybrid portfolios combining renewables and storage are increasingly attractive from a financing perspective In the second part of the episode, the focus turns to recent Pexapark market intelligence , with a closer look at France’s new power market regime following the expiry of the ARENH mechanism. The episode explains how the new nuclear clawback framework and long-term industrial supply agreements with EDF are reshaping price formation – and why these changes are setting important benchmarks for PPAs and private offtake in the French market heading into 2026. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Corporate PPA & The “Hourly Debate” with Jim Boyle of Sustainability Roundtable
Welcome back to The Pexapark Podcast! In the first part of the episode, Luca Pedretti is joined by Jim Boyle, CEO and Founder of Sustainability Roundtable , for a wide-ranging conversation on how corporate renewable procurement is evolving across the US and Europe. Drawing on nearly two decades of buyer-side experience, Jim offers a nuanced perspective on how policy shifts, accounting standards, and market design are influencing deal flow and buyer behaviour. Enjoy their conversation on themes including: Why the withdrawal of US clean energy tax credits appears to be accelerating near-term PPA activity How reduced subsidies could, over time, slow deployment and potentially ease cannibalisation in more mature renewable markets The growing significance of the “hourly debate” and proposed changes to the Greenhouse Gas Protocol Why mandating 24/7, in-grid matching could materially limit broader corporate participation in PPAs The case for keeping 24/7 procurement optional, while exploring ways to better value storage and flexibility beyond carbon accounting In the second part of the episode, we turn to recent Pexapark market intelligence . We look at the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM) and why its strict requirements around physical, hourly-matched PPAs may limit near-term uptake in Southeast Europe and Turkey. The episode closes with a more constructive signal from German onshore wind , where oversubscribed auctions and improving price dynamics suggest that shovel-ready projects could increasingly turn to the PPA market after years dominated by subsidy schemes. Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
Risk, Discipline and the Evolution of Trading & Origination with Domenico De Luca of Axpo
Welcome back to The Pexapark Podcast ! In the first part of the episode, we zoom out and look at how power markets are shifting across regulation, prices, and the wider energy world. ERCOT is launching real-time co-optimization and fully integrating BESS – the biggest reform since nodal pricing. Germany is moving toward dynamic grid fees that reward flexibility and penalize congestion. Denmark is abandoning “first come, first served” grid queues in favor of maturity-based prioritization. At the same time, Europe’s renewables landscape has entered a phase of abundance: more negative prices, lower capture factors, and pressure on debt structures where legacy PPAs weren’t designed for today’s volatility. Owners are rewriting contracts, reshaping hedges, and bridging the next 3–5 years until storage and flexibility scale. A new generation of IPPs is emerging – defined not by how well they build megawatts, but by how well they manage risk, revenue, and flexibility in markets where volatility is becoming the norm. In the second half, Luca Pedretti speaks with Domenico De Luca , Head of Trading & Sales and Executive Board Member at Axpo, for a deep dive into how one of Europe’s largest trading organizations is navigating volatility, managing global portfolios, and preparing for a future shaped by renewables, storage, and shifting market fundamentals. Enjoy a discussion on themes including: How trading & origination have evolved — and which fundamentals still anchor the business The shift from long-term to short-term value as volatility grows How renewables, cannibalization, and batteries are reshaping PPAs and merchant risk The emerging role of hybrid assets and tolling structures in storage Why Europe still needs long-duration flexibility and disciplined risk-taking Notes 𝗧𝗵𝗲 𝗻𝗲𝘅𝘁-𝗴𝗲𝗻 𝗜𝗣𝗣 𝗴𝗼𝗲𝘀 𝗯𝗲𝘆𝗼𝗻𝗱 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻. Instead of passively taking weather-driven output, they control and optimize when and how renewables hit the grid and the market – shaping, shifting, and firming power as they scale into multi-GW, multi-tech, multi-market portfolios. If you want to understand what “next-gen IPP” looks like in practice, we’ve made two free resources available on the Pexapark website: 𝗣𝗲𝘅𝗮𝗽𝗮𝗿𝗸 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 𝗦𝗲𝗿𝗶𝗲𝘀: 8 interviews with early leaders who are re-defining the IPP model in Europe. Listen here 𝗧𝗵𝗲 𝗜𝗣𝗣 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸: a hands-on guide for energy leaders, unpacking how IPPs are evolving to capture value, manage risk, and optimize revenues in modern power markets. Read/download free here (no forms) Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Next-Gen IPP Podcast Series | Mirova’s Jérôme Tricot
Welcome back to The Pexapark Podcast ! In this special edition, we look at how next-generation Independent Power Producers (IPPs) are becoming digital, data-driven operators. In this episode Luca Pedretti is joined by Jérôme Tricot , Director, Asset Performance & Optimisation at Mirova , a Paris-based sustainable asset manager with ~€33bn AUM, including >€4bn invested in energy-transition infrastructure and a sixth fund currently in fundraising. Jérôme explains how Mirova invests in and alongside IPPs – developing, building, and operating renewables – while evolving capabilities for revenue management, hedging, and flexible, dispatchable portfolios. Enjoy a discussion on themes including: The evolution of IPPs: from maximising generation to optimising when and how energy is produced amid price volatility Operational control as a core skill: EMS systems, curtailment, AI-driven forecasting, and hybridisation with storage Internalising key expertise and building local partnerships across Europe to manage risk and drive efficiency The new energy-management frontier: balancing, route-to-market, and merchant exposure as core revenue levers Cross-market innovation inspired by Australia and California – capacity swaps and virtual tolling as future models Mirova’s digital stack: from in-house stochastic models to a SaaS + API ecosystem integrating SCADA, asset, and risk tools The road ahead: VPPs, AI, and regulatory readiness – why the shift from electricity to electronicity defines the next era of IPPs Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Next-Gen IPP Podcast Series | Nuveen Infrastructure’s Jordi Francesch and Pierre Bartholin
Welcome back to The Pexapark Podcast ! In this special edition, we explore how investors are redefining Independent Power Producers (IPPs) for a new era of complexity and scale. In this episode Luca Pedretti sits down with Jordi Francesch , Managing Director, and Pierre Bartholin , Senior Director and Head of Power Hedging and Origination at Nuveen Infrastructure , to discuss how the global investment manager is building next-generation IPPs under the Nuveen Clean Energy platform. With roots in Glennmont Partners, Nuveen Infrastructure operates across 12 markets and four core technologies – onshore and offshore wind, solar PV, and batteries – with a growing footprint spanning Europe, the US, and Asia. Enjoy a discussion on themes including: How Nuveen Infrastructure integrates development, construction, operation, and revenue structuring under one clean energy platform The evolution from passive infrastructure to agile, risk-aware IPPs combining energy management, procurement, and digital systems Why today’s IPPs must think like investors – vertically integrated, equity-minded, and growth-oriented The rise of “virtual utilities”: balancing long-term PPAs with merchant exposure and active portfolio optimization Building commercial capabilities: from energy risk and hedging teams to short-term market optimization and guarantees of origin trading Digitalization and data strategy – deploying ETRMs, digital twins, and automation to manage complex portfolios efficiently Scaling smart: around 20 FTEs per gigawatt as a market benchmark for efficient, system-driven IPPs The next wave: batteries, co-location, and mastering optimization across hybrid portfolios Key challenges and opportunities – regulatory adaptability, talent density, and putting the off-taker and grid at the center of the IPP model Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Next-Gen IPP Podcast Series | Nadara’s Joanna Ellis
Welcome back to The Pexapark Podcast ! In this special edition, we explore how next-generation Independent Power Producers (IPPs) are evolving beyond development into active commercial and operational players. In this episode Luca Pedretti sits down with Joanna Ellis , Chief Commercial Officer at Nadara , to discuss how the company – formed in 2024 through the merger of Renantis and Venti and Energy – is shaping the IPP-plus model. With over 4 GW of capacity across nine European markets, Nadara is expanding from onshore wind into solar and offshore wind while managing revenues end to end through in-house trading, origination, analytics, and risk management. Enjoy a discussion on themes including: The evolution from developer to “IPP-plus”: owning, operating, and optimizing assets for long-term value Building in-house commercial capability – origination, analytics, risk, and trading desks Managing physical dispatch in the UK, Italy, and Spain within strict risk frameworks Creating a single source of truth through digital and risk management platforms Evolving the team: 50+ commercial specialists and growing IT partnerships across the business Navigating the future revenue stack – corporate vs. utility PPAs, merchant exposure, and portfolio-level management How Nadara differentiates through scale, in-house expertise, and strong shareholder alignment Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
The Next-Gen IPP Podcast Series | Eurowind Energy’s Jesper Schaumburg-Düring
Welcome back to The Pexapark Podcast ! In this special edition, we explore how Independent Power Producers (IPPs) are redefining what it means to own and optimize renewable assets in a fast-changing market. In this episode Luca Pedretti sits down with Jesper Schaumburg-Düring , Commercial Director at Eurowind Energy , to discuss how the Danish company has transformed from a traditional developer into a full-fledged, multi-technology IPP with ambitions to become a true power major. Enjoy a discussion on themes including: The shift from developer to true IPP — owning, operating, and optimizing assets for long-term value Eurowind’s goal to become a power major by scaling across technologies and markets Building flexible assets ready for future market mechanisms like Picasso and ancillary services Bringing trader knowledge into the IPP model to manage capture rates, volumetric risks, and PPA complexity How Eurowind’s commercial division operates like a trading company — with originators, analysts, and portfolio managers across key markets The critical role of data, IT infrastructure, and ETRM systems in managing risk and optimizing revenues The challenge of hybrid assets combining wind, PV, and BESS — and the shift from corporate to utility PPAs Why understanding risks, market correlations, and flexibility is key to the next generation of IPPs Unlock More PPA Market Insights Register for your free Pexapark account to stay updated on the latest energy transition trends. Learn more >
