The value of renewable purchase price agreements (PPA) is continuing to climb as the European energy crisis deepens, according to LevelTen Energy’s latest PPA Price Index for the fourth quarter of last year.
A price rise of 7.8 per cent quarter on quarter means that the average cost of renewable PPAs has soared by 17.4 per cent in the past nine months, as corporates look to deliver on their climate goals and protect themselves against growing gas price volatility.
The Index series, created by renewable transaction infrastructure provider LevelTen Energy, analyses thousands of wind and solar PPA pricing offers listed on the LevelTen Energy Marketplace across 21 countries in Europe and North America to deliver insight into the fast-growing market.
PPAs see corporates sign direct long term offtake agreements with renewables developers to secure the power they generate. The contracts give companies guaranteed access to renewable power and set prices