North American renewable energy prices skyrocket nearly 30 percent in one year

LevelTen Energy says North American renewable energy developers are struggling to build solar and wind projects fast enough to keep up with demand.

This is leading to a shortage of power purchase agreements for corporations and other large energy buyers, which are critical to bringing new clean energy projects online and meeting corporate and federal net-zero targets.

This rapidly growing imbalance between PPA supply and demand, combined with skyrocketing development costs, has raised PPA prices 9.7% during the first quarter of 2022 to nearly USD 40 per MWh, according to LevelTen’s Q1 PPA Price Index report.

Year-over-year, this represents an astounding 28.5% increase.

Excerpt from SUN DAY Campaign‘s April 13th, 2022 issue.

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