Since 2018, LevelTen Energy has been publishing its quarterly PPA Price Index report, the renewable energy industry’s only source of data on real power purchase agreement (PPA) price offers updated within the last 90 days. The report helps clean energy buyers, sellers, advisors and investors understand price trends, benchmark deals, and prepare for what’s ahead.
Overall, the Q4 North America report shows that growing energy demand from electrification of transportation to increasing power requirements from data centers will keep pressure on PPA prices. All the while, corporate demand for PPAs has not waned. Even though the North American P25 solar PPA prices rose by 3% it should be noted that market-level trends diverged, with several ISOs experiencing price declines in Q4. While Wind P25 PPA prices in North America rose by 5% in Q4, mostly due to the fact that developers are incorporating expectations around present and future uncertainties into their PPA pricing equations.
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