Join us on our journey towards renewable energy excellence, where knowledge meets innovation.
In this article, we are going to dive into the evolution of GoOs in the past 5 years.
Guarantees of Origin (GoOs) are certificates that assure that the origin of electricity is based on renewable energy sources. They were implemented by the European Union in 2001 and are part of a series of efforts to promote decarbonisation development.
Through GoOs, energy suppliers and consumers can prove the origin of the electricity, while supporting the growth of clean energy. To learn more about Guarantees of Origin, read Understanding Guarantees of Origin.
From 2019 to 2023, the volume of transactions of issued GoOs grew from 676 TWh to 987 TWh, representing an increase of 46%.
Graph 1 presents the yearly evolution of all EU members, by technology.
Hydro is still the major contributor of GoOs, followed by wind, which grew 125% in the period. Solar technologies, despite the lower share of GoOs, presented the highest growth rate, increasing almost 250% between 2019 and 2023. Certificates issued for fossil and nuclear by the European Energy Certificate System were also considered for this analysis.
In regards to the volume per country, Graph 2 presents the volumes of certificate transactions issued in 2023.
Norway takes the lead mainly due to the country’s considerable hydro potential, which accounts for almost all the certificates issued. Sweden, the third country in the list, has also a high share of hydro, but wind onshore certificates do play an important role. France, the second country, has the largest volume of wind certificates issued in 2023.
Despite Germany having the largest installed capacity of renewables between the European countries, it is not a large issuer of GoOs. This happens because renewable generators in Germany participating in any supporting scheme are not allowed to issue Guarantees of Origin, making the country the largest importer of GoOs.
Graph 3 presents the net volume of imports/exports per country.
It is worth noting that Germany largely exceeds the Netherlands, the second-largest net importer. Norway and Sweden, on the other hand, are net exporters, with significant shares of hydro and wind for both countries.
Since GoOs are a major component of a PPA,especially in regards to its price, it is essential to keep track of their market developments and its regulatory updates. As the PPA market grows, GoOs follow as a driver pushing their demand upwards and, therefore promoting a competitive market for renewable energy generators.
Reach out to us to understand how GoOs may correlate with the price of your PPA and its implications.
Market-trends
13th Dec, 2024
Market-trends
11th Dec, 2024
Market-trends
29th Nov, 2024
Name | lifespan | description |
csrftoken | 1 year | This cookie is used to save a CSRF token.A CSRF token is a secure random token that is used to prevent CSRF attacks. The token is unique per user session. |
sessionid | Session | This cookie is used to save session ID. Each user has its own unique session ID. the session ID is used to store temporary user data such as your credentials to keep you logged in or any other information required for basic functionality of website. |
mapbox.eventData:<-id-> | Session | This cookie is used by mapbox for its billing purposes. |
randid | Session | A randomID.This cookie is used by mapbox for its billing purposes. |
mapbox.eventData.uuid:<-id-> | Session | This cookie is used by mapbox for its billing purposes. |
Name | Lifespan | Description |
synMobilityCook | Session | your cookie prefrences are stored here. so next time we collect it from here and set the cookies you selected to opt for |
Name | Lifespan | Description |
_gat_<-id-> | 12 hours | |
_gid | 24 hours | Used to distinguish users. |
_ga | 2 years | Used to distinguish users. |
_ga_<-id-> | 2 years | Used to persist session state. |
_gac_gb_<-id-> | 90 days | Contains campaign related information. If you have linked your Google Analytics and Google Ads accounts, Google Ads website conversion tags will read this cookie unless you opt-out. |