LevelTen Energy Market Transparency Reports provide regular insights and clarity into key price trends impacting PPA markets.
This week sees the launch of our latest Eastern European pricing report, which dives into price movements, offer volumes, and technology trends in Europe’s (broadly defined) Eastern region. This quarter’s edition includes market insights from Poland, Hungary, Romania, Bulgaria, Greece, Slovenia, Croatia, and Serbia.
Available exclusively for LevelTen subscribers, the report provides a competitive edge for organisations seeking to better understand their markets of focus. Read on for three learnings from this report, or become a LevelTen subscriber to access, and contribute to, future reports.
1: Solar may be losing its shine, but remains dominant in the region.
In the second quarter of 2025, when LevelTen's previous Eastern European pricing report was released, pure-play solar PPAs accounted for 82% of all offers in the region. This latest quarter sees that figure drop to 38%.
Notwithstanding, solar remains the most offered technology in all markets except for three. Wind and hybrid deals, which provide enhanced value for buyers and greater resilience against cannibalisation, are achieving greater prominence on the LevelTen Marketplace as buyers seek to diversify solar-heavy portfolios.
Adela Ballester, Senior Analyst at LevelTen Energy, said: “It is true that solar no longer enjoys the vast market share it once did. However, with offer activity 74% higher in the region than at the same time last year, solar remains a dominant force in all markets explored in the report, bar two.
“Storage-backed deals are gaining traction as a solution to cannibalisation and as a compliment to solar deals, not an outright replacement.”
2: Buyers are bananas about baseload.
Baseload PPAs, which provide stable generation at a fixed price, are becoming more attractive in a world where pay-as-produced deals, especially for solar, are undermined by cannibalisation and negative-price risk.
Baseload offers are generally priced higher than fixed delivery contracts; however, hybrid deals are complicating the picture. Offers combining storage+generation involve many more variables compared to a PPA offer tied to a single generation type, and developers are still finding their footing on how to price these hybrid offers. Whereas solar and wind baseload offers are consistently priced above fixed-shape solar and wind, the price relationship between hybrid baseload and hybrid fixed-shape is less clear-cut.
Adela Ballester again: “Baseload is a premium product for buyers, and storage is unlocking new opportunities for these flat generation shapes as well as fixed-shape products. Nonetheless, the sand is still shifting as market players find the best approach to pricing hybrid structures.”
3. One-third of offers in the region now incorporate storage.
In the previous Eastern European Market Transparency report released one year ago, storage and hybrid deals (which combine storage with renewable generation) accounted for 6% of offer activity in the region. This year, that figure jumps to 30%.
In other words, one-third of offers in the region now incorporate storage – whether as a standalone battery asset or alongside generation.
Adela Ballester: “Storage has a crucial role to play in clean energy markets, and the eastern region is no exception. While hybrid PPAs, which combine storage with generation, are naturally gaining favour, standalone storage deals are also proving their worth as a natural hedge against existing pay-as-produced PPAs.”
Access the full report for more insights.
These learnings are the tip of the iceberg. For a comprehensive picture of Eastern European energy markets, including market-by-market price trends, insights into specific hybrid structures (including TBx+PPA, floating block, Tolling+PPA and more), tenor lengths, contractual clauses, and market-specific deal-value analysis, become a LevelTen Energy subscriber today.
Reach out to Info@leveltenenergy.com for a closer look at this report or to learn more about becoming a subscriber.
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