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LevelTen’s
PPA Price Index

Your guide to confidently navigating the PPA market.
Access the industry’s only PPA report based on real, freshly updated price offers in North America and Europe.
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What’s Included in This Quarter’s Report

North America

LevelTen’s North American PPA Price Index is the industry’s only source of PPA price data based on hundreds of real PPA price offers from developers — giving you accurate, real-world data to help you stay ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, and perspectives from renewable energy developers and buyers. LevelTen’s report for the fourth quarter of 2024 will be published on January 28th and includes the following:

  • PPA price offer data for Q4 2024 (October - December), reflecting 343 price offers from 237 renewable energy projects in six markets across the United States and Canada.  (AESO, CAISO, ERCOT, MISO, PJM, and SPP).
  • Trump’s second term has created broad uncertainty in the renewable energy sector, particularly around IRA tax credits, tariffs, and other key policies. With so much up in the air, predictions are swirling as to how his administration will influence the energy transition, and how the power purchase agreements (PPAs) will adapt to this shifting landscape. What does it all mean for developers, buyers, and advisors? Find out in our latest Q4 thought leadership article, where we explore the near-term impacts of a second Trump term on PPA activity, and provide actionable recommendations for navigating this new era.
  • Insights from Clearway Energy on pressing issues affecting the PPA market and how they innovate to meet the market’s needs.  Additionally, learn about the trends Constellation is observing among PPA buyers.

Europe

LevelTen’s European PPA Price Index is the  is the industry’s only source of PPA price data based on hundreds of real PPA price offers from developers — giving you accurate, real-world data to help you stay on ahead of the market. The report includes price spreads, market insights from LevelTen’s experts, and perspectives from renewable energy developers and buyers. LevelTen’s report for the fourth quarter of 2024 will be published on 30 January and includes the following:

  • PPA price offer data for Q4 2024 (October - December), reflecting 183 price offers from 162 renewable energy projects across 22 countries.
  • On 29 October, Norway, Sweden, Finland, and Denmark transitioned to Flow-Based Market Coupling (FBMC) to optimize network capacity and reduce price discrepancies across grid regions. Q4’s article delves deep into FBMC, exploring its benefits and challenges, and its implementation in the Nordics. This article also provides insights into how the rollout of FBMC may impact PPA transactions, and offers practical advice for developers and buyers to help them understand FBMC and incorporate key considerations into their contracting and decision-making processes.
  • Unlock key market insights by region with an in-depth look at supply and demand dynamics, liquidity trends, deal execution patterns, and the latest regulatory challenges shaping European markets. Gain a clearer understanding of the factors driving change to stay ahead of the curve.
  • Discover how Ernst & Young guides clients through complex transactions, offering valuable insights for securing deal success. Explore their strategies for navigating the challenges of aggregated PPA deals and uncover the three key risks they see in achieving PPA deal success: volume risk, price volatility, and credit risk.

Get a Clear and Complete Picture
of the PPA Market

Data & Market Intelligence
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Executive Summary
PPA Price Index
Free 
North American and European reports
Expert Analysis
Key takeaways from P25 Price Indices
In-depth analysis of continental and regional market trends 
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In-depth survey results and analysis
PPA Pricing Data
Solar and wind P25 PPA price trends 
Solar and wind P25 PPA price trends by North American ISO or European country
Solar and wind PPA prices
(P10, P25, P50, P75, P90)
Solar and wind P25 PPA prices by
North American ISO or European country 
Solar and wind P25 PPA prices by hub
(North America only)
Projected capture price trend
(North America only)
Quarterly changes in solar and wind P25 and P50 PPA prices by North American ISO or European country
Market Composition Data
Percentage of wind/solar PPA price offers from each
North American ISO or European country 
PPA Price Offer Attributes
Percentage breakdown of solar and wind project sizes 
Solar and wind PPA term lengths  
*Exact report contents depend on availability of relevant market data each quarter

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North American PPA Price Index

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