LevelTen PPA Price Index

What’s Included in This Quarter’s Report

North America

LevelTen’s North American PPA Price Index is the industry’s only source of PPA pricing data based on hundreds of real PPA price offers from developers — providing accurate, real-world data to help you stay ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, perspectives from renewable energy developers and buyers, and much more. LevelTen’s report for the second quarter of 2025 will be published on July 24th and includes:

PPA price offer data for Q2 2025 (90 days prior to June 15, 2025), reflecting 248 price offers from 228 renewable energy projects in seven markets across the United States and Canada. (AESO, CAISO, ERCOT, MISO, NYISO, PJM, and SPP).
A deep dive into how PPA counterparties are navigating policy volatility, particularly tariffs and changes to Inflation Reduction Act (IRA) tax credits, including insights from Clean Energy Associates on what they are seeing in the market.
Exciting insights from advisor Engie Impact, including their take on the current PPA market and how they are seeing buyers succeed.

Europe

LevelTen’s European PPA Price Index is the industry’s only source of PPA pricing data based on hundreds of real PPA price offers from developers — providing accurate, real-world data to help you stay ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, perspectives from renewable energy developers and buyers, and much more. LevelTen’s report for the second quarter of 2025 will be published on 22 July and includes:

PPA price offer data for Q2 2025 (90 days prior to 15 June 2025), reflecting 336 price offers from 211 renewable energy projects in 22 countries across Europe.
An in-depth look at how hybrid Power Purchase Agreements that incorporate Battery Energy Storage Systems can help mitigate risks associated with negative pricing and cannibalization in European renewable energy markets.
Regional insights from LevelTen’s industry experts. Plus, learn how advisor ERM Coho provides its clients with the clarity they need to confidently execute PPA transactions, and the markets they see providing emerging clean energy development and procurement opportunities.

Get a Clear and Complete Picture
of the PPA Market

Data & Market Intelligence

Executive Summary

PPA Price Index

Free

North American and European reports

Expert Analysis

Key takeaways from P25 Price Indices

In-depth analysis of continental and regional market trends

In-depth survey results and analysis

PPA Pricing Data

Solar and wind P25 PPA price trends

Solar and wind P25 PPA price trends by North American ISO or European country

Solar and wind PPA prices
(P10, P25, P50, P75, P90)

Solar and wind P25 PPA prices by
North American ISO or European country

Solar and wind P25 PPA prices by hub
(North America only)

Projected capture price trend
(North America only)

Quarterly changes in solar and wind P25 PPA prices by North American ISO or European country

Market Composition Data

Percentage of wind/solar PPA price offers from each
North American ISO or European country

PPA Price Offer Attributes

Percentage breakdown of solar and wind project sizes

Solar and wind PPA term lengths

*Exact report contents depend on availability of relevant market data each quarter

Have a Question?

Frequently Asked Questions

What is LevelTen Energy’s PPA Price Index?

LevelTen’s PPA Price Index is your guide to confidently navigating the power purchase agreement (PPA) market. Published every quarter, the Price Index gives you:

a clear and comprehensive view of PPA prices by technology and ISO/country,
expert analysis of the economic forces and regulatory issues shaping the market, and
an insider’s look at how renewable energy developers and buyers are reacting to market conditions.

Thousands of renewable energy professionals trust LevelTen’s PPA Price Index because it is the only report based on hundreds of real PPA price offers, unlike other reports that only provide estimates of what a PPA price offer “could” or “should” be. For renewable energy professionals who want the freshest market intelligence – and don’t have time for painstaking manual data collection and analysis – LevelTen’s PPA Price Index is an indispensable part of your PPA toolkit.

What methodology do you use?

Our Price Index dataset is composed of anonymized PPA price offers on the LevelTen Energy Marketplace, from projects that have been updated on our platform during the most recent quarter. All prices:

include bundled project renewable energy certificates (REC)/guarantee of origin (GO) values,
are from offers with tenors ranging between 10 and 19 years, and
assume financial settlement at regional hubs using pricing from the real-time wholesale energy market.

Only standard, flat, as-generated offers are included, from projects with a range of contract start dates and commercial operation dates. We aggregate this price data into percentile buckets, with our national-level indices compiling market-level P25 data in various ways to produce high-level perspectives of market trends.

How much is the PPA Price Index?

The PPA Price Index is available by Subscription Only. If you would like to learn more about our Subscription offerings, please click the "Learn more" button above.

Can I buy a single report rather than four (4) reports?

The PPA Price Index is available by Subscription Only. If you would like to learn more about our Subscription offerings, please click the "Learn more" button above.

What is included in a subscription?

‍An annual subscription will receive four (4) reports and will renew after the publish date of the fourth report for that subscription.

LevelTen’s
PPA Price Index

Your guide to confidently navigating the PPA market.
Access the industry’s only PPA report based on real, freshly updated price offers in North America and Europe.

Energy Sellers

Energy Buyers

Energy Analysts

What’s Included in This Quarter’s Report

North America

Europe

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of the PPA Market

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You Can’t Find Anywhere Else

North American PPA Price Index

European PPA Price Index

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Our Data Drives the News

Have a Question?

Frequently Asked Questions

What is LevelTen Energy’s PPA Price Index?

What methodology do you use?

How much is the PPA Price Index?

Can I buy a single report rather than four (4) reports?

What is included in a subscription?

Contact Us

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Platform

About

LevelTen’sPPA Price Index

Your guide to confidently navigating the PPA market.Access the industry’s only PPA report based on real, freshly updated price offers in North America and Europe.

Energy Sellers

Energy Buyers

Energy Analysts

What’s Included in This Quarter’s Report

North America

Europe

Download the Executive Summary

Download the Executive Summary

Download the Executive Summary

Get a Clear and Complete Pictureof the PPA Market

Instantly Download Market IntelYou Can’t Find Anywhere Else

North American PPA Price Index

Download the Executive Summary

European PPA Price Index

Download the Executive Summary

The Industry’s Most Trusted Source of Market News

Treehouse Management

Our Data Drives the News

Have a Question?

Frequently Asked Questions

What is LevelTen Energy’s PPA Price Index?

What methodology do you use?

How much is the PPA Price Index?

Can I buy a single report rather than four (4) reports?

What is included in a subscription?

Contact Us

Solutions

Platform

About

LevelTen’s
PPA Price Index

Your guide to confidently navigating the PPA market.
Access the industry’s only PPA report based on real, freshly updated price offers in North America and Europe.

Get a Clear and Complete Picture
of the PPA Market

Instantly Download Market Intel
You Can’t Find Anywhere Else