LevelTen, reportedly the world’s largest renewable energy marketplace, has released its ‘Energy PPA Price Index’ for Q3 in Europe. It is said to provide the most comprehensive analysis of PPA price offers for renewable projects under development in Europe, looking at actual, transactable offer prices in more than a dozen European nations.
The index analysed data on 440 price offers from 180 renewable energy projects in 15 countries across Europe. For the first time, in Q3, information has become available for certain eastern and southeastern European countries.
The report reveals that:
- The P25 Index of all countries and technologies increased 4% quarter over quarter, from 43,6€ to 45,3€.
- Italy had the highest proportion of offers, at 26% of the total, overtaking Spain and the UK to become the most active market in terms of number of offers. Recent renewable commitments in Spain and the UK could have led to a decrease in the number of offers;
- Denmark had the lowest offer prices for solar, at 31€, and Sweden had the lowest offer prices for wind, at 29€. The low market price of electricity and attractive financing options could be contributing factors.