+
Europe's wind-solar rates down 2% in Q4 2023
POWER & RENEWABLE ENERGY

Europe's wind-solar rates down 2% in Q4 2023

The national P25 solar power purchase agreement (PPA) prices in the US in the fourth quarter (Q4) of 2023 rose 3% compared to Q3, while P25 wind prices increased 5%. LevelTen's P25 Price Index represents the 25th percentile PPA prices. All PPA price data in LevelTen's report are based on the prices developers offer for PPA contracts and not the transacted PPA prices.

The reported market-averaged blended index of wind and solar in North America P25 PPA prices were up 4% in Q4 of as compared to Q3, according to a recent report from LevelTen Energy. The report analyses the North American and European markets, revealing dynamic pricing shifts and sheds light on the challenges buyers and developers face.

During the quarter, the market-averaged blended index of wind and solar P25 PPA prices decreased by 2% across Europe. P25 solar prices declined by 3%, and P25 wind prices saw a 1% decrease. The fluctuations in both solar and wind prices were notable across various Independent System Operators (ISOs). Solar P25 prices decreased by 3% in the Electric Reliability Council of Texas (ERCOT) but surged by 15% in California Independent System Operator (CAISO).

The national P25 solar power purchase agreement (PPA) prices in the US in the fourth quarter (Q4) of 2023 rose 3% compared to Q3, while P25 wind prices increased 5%. LevelTen's P25 Price Index represents the 25th percentile PPA prices. All PPA price data in LevelTen's report are based on the prices developers offer for PPA contracts and not the transacted PPA prices. The reported market-averaged blended index of wind and solar in North America P25 PPA prices were up 4% in Q4 of as compared to Q3, according to a recent report from LevelTen Energy. The report analyses the North American and European markets, revealing dynamic pricing shifts and sheds light on the challenges buyers and developers face. During the quarter, the market-averaged blended index of wind and solar P25 PPA prices decreased by 2% across Europe. P25 solar prices declined by 3%, and P25 wind prices saw a 1% decrease. The fluctuations in both solar and wind prices were notable across various Independent System Operators (ISOs). Solar P25 prices decreased by 3% in the Electric Reliability Council of Texas (ERCOT) but surged by 15% in California Independent System Operator (CAISO).

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?