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

06 Feb 2024 CW Team

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).

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