US solar PPA prices keep rising with demand set to grow further – LevelTen
January 31, 2023
US solar power purchase agreement (PPA) prices continued to climb in Q4 2022, as supply chain blockages and uncertain legislation increased costs for developers, according to renewables transaction infrastructure provider LevelTen Energy.
Its PPA Price Index report said that solar PPA prices climbed 8.2% in Q4 compared with the previous quarter, reaching an average of US$45.66/MWh. Contrastingly, wind PPA prices fell 1.9% to US$48.71/MWh. Overall, the average price of US solar and wind PPAs combined rose 2.7%.