According to LevelTen, European PPA prices fell to an average of €62.83/MWh (US$68.35/MWh). Image: Reden Solar.
Power purchase agreement (PPA) analyst LevelTen energy has published its latest report into renewable energy PPA prices, noting that while the average PPA price has steadily increased in the US, such prices have fallen considerably in Europe.
The solar sector saw a sharp decline, with the average price of a solar PPA signed in the second quarter of 2024 falling by 27% from the previous quarter, reaching an average price of €62.83/MWh (US$68.35/MWh). Since exceeding an average price of €70/MWh (US$76.15/MWh) in the second half of 2022, this is the second consecutive quarter than European solar PPA prices have fallen below this figure.
(The above content is reproduced from pv-tech，By JP Casey）
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