Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

Cookie preferences

LevelTen Energy Launches PPA Auctions, Delivering More Speed and Deal Certainty to Renewable Energy Sellers & Buyers

LevelTen News
May 22, 2023

*Click here for the European version of this press release.

LevelTen Energy, operator of the world’s largest PPA marketplace, today launched PPA Auctions, a faster way to contract power purchase agreements (PPAs). LevelTen’s PPA Auctions are a response to the industry’s need for new solutions that can keep up with today’s market conditions, including surging demand for PPAs. PPAs take 12 months to execute on average, and every week increases the chance of deal failure. LevelTen’s PPA Auctions shave off months from average contracting timelines by streamlining the process. Furthermore, PPA Auctions are designed to increase the certainty of deal success while delivering advantages to both the seller and buyer.

LevelTen facilitates PPA Auctions by bringing together reputable developers and experienced buyers that are equally motivated to get deals done.

LevelTen’s PPA Auctions shave off months from average contracting timelines by streamlining the process.

How it works:

  1. Developers initiate a PPA Auction by engaging LevelTen to review their project and jointly outlining desired PPA terms that accurately reflect current market conditions, including volume and contract structure.
  2. LevelTen markets the PPA to its extensive buyer network, which includes the largest corporations, more than 45 energy advisors representing hundreds of buyers, and energy resellers. Developers can also invite their network of buyers to participate. Gathering experienced and motivated buyers around a high-quality project creates the ideal conditions for developers to receive competitive bids.
  3. Buyers participate by submitting a notice of interest, reviewing the PPA terms, and submitting a bid along with critical details, including their credit rating and PPA experience. Once a bid is selected, both parties can confidently move forward to finalize the deal.

Benefits for Sellers and Buyers, and the Energy Transition

PPA Auctions enable developers to quickly secure an optimal buyer and an attractive PPA price for their projects – typically those with advanced project maturity. And, PPA Auctions provide experienced buyers who are ready to transact with a faster way to achieve their decarbonization targets, many of which have quickly approaching deadlines. Moreover, buyers can access the market’s best PPAs – the ones most likely to achieve commercial operation, on time.   

LevelTen has piloted several PPA Auctions that have yielded attractive bids, and shortened the time it takes to arrive at term sheet negotiations. Accelerating PPAs can make a big difference in the speed of the energy transition because corporate PPAs are a significant source of new clean energy capacity. In 2022, corporations in the U.S. and Canada contracted 17.5GW of clean energy, which is nearly the equivalent of all the new solar and wind capacity additions installed (17.8GW) last year.    

Learn More

To learn more about LevelTen’s PPA Auctions, read LevelTen’s blog or contact For media inquiries, please contact:

LevelTen Energy

LevelTen Energy is the leading provider of renewable transaction infrastructure, delivering the marketplaces, software, automated analytics, and expertise required to accelerate clean energy transactions. The LevelTen Platform is the world’s largest online hub for renewable energy buyers, sellers, advisors, asset owners and financiers. The Platform includes the LevelTen Energy Marketplace, which delivers access to more than 4,500 power purchase agreement price offers spanning 28 countries in North America and Europe. It also includes the LevelTen Asset Marketplace, which brings together over 800 renewable energy project developers and owners, and delivers the online tools and expertise they need to buy, sell and finance assets quickly. Together, LevelTen and its partners share #OneGoal to accelerate the energy transition.

Continue reading