As volatility, negative pricing, and capture risk continue to reshape Europe’s power markets, baseload renewable PPAs are increasingly being explored as a way to bring stability into long-term energy strategies. Despite growing interest, baseload remains one of the least transparent and most unevenly developed PPA structures across Europe.
The Q4 2025 European Baseload Market Transparency Report provides a market-wide view into how baseload offers are currently being priced and structured, based on real offers submitted through the LevelTen Energy’s market survey. The analysis reflects input from renewable energy players active across multiple European markets, offering a rare look into where baseload activity is actually taking place—and where it is not.
Rather than showing a uniform market, the data reveals a product that is developing selectively, shaped by regional maturity, portfolio capabilities, and local cost dynamics. Understanding these differences is becoming critical for both buyers evaluating baseload as a hedging tool and sellers assessing when the product can be competitively offered.
You’ll learn from the report:
- Key offer trends across monthly and yearly baseload PPAs
- PSV (Projected Settlement Value) analysis for comparing offer value across technologies
- Breakdown of pricing by country and technology type, including solar+storage, wind+storage, and hybrid configurations
- A look at price distribution percentiles and box plot visualisations to assess offer variability
- Insights into offer terms, including contract start dates (CSDs) and PPA structures
The Q4 2025 European Baseload Market Transparency Report is available now for subscribers in the LevelTen Energy Report Center.
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