This report helps Nordic governments assess the EU’s proposed toolkit (Regulation 2024/1747) to support Power Purchase Agreements (PPAs) and explore ways to increase their use. PPAs are long-term contracts that make renewable energy projects bankable, easing investment and construction. The study mapped the Nordic PPA market, surveyed stakeholders, and analyzed challenges such as price transparency, counterparty risk, and regulatory uncertainty. It shows PPAs have driven renewable energy growth but identifies areas for improvement, concluding that flexible, predictable policies—rather than one-size-fits-all rules—best support market innovation.