European Solar PPA Prices Decline 5.9 Percent Sequentially

LevelTen Energy Blames Subdued Wholesale Electricity Prices, But Expects Prices To Go Up Soon

LevelTen Energy says the subdued wholesale electricity prices in Europe, thanks to a mild winter, along with a stabilizing regulatory landscape were the major contributors to power purchase agreement (PPA) prices declining 5% sequentially in Q1/2024.  The 25th percentile or P25 PPA prices for solar dropped 5.9% to €67.63 ($72.54)/MWh, owing also to lower costs in the solar supply chain.

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