- Item type
- Statistics
- Source
- LevelTen Energy Inc
- Publication date
- 17/04/2024
Price of wind and solar power purchase agreements in Europe from 1st quarter 2023 to 1st quarter 2024 (in euros per megawatt hour) In the first quarter of 2024, wind and solar PPA prices in Europe declined in comparison to the previous quarter, reaching 94.6 and 67.6 euros per megawatt hour, respectively. The price of power purchase agreements for wind and solar projects in Europe has presented a decreasing trend over the last year.
Wind and solar prices in European countries
On average, wind PPAs are forecast to reach higher prices than solar across Europe. For a 10 year pay-as-produced standard PPA starting in 2025, wind prices are expected to be the lowest in countries such as Spain, Norway, Ireland, the Netherlands, and Sweden, all with an average forecast price below 78 euros per megawatt hour. On the other hand, Southern European countries such as Italy, Spain, and Portugal registered the lowest forecast solar PPA prices.
The European corporate PPA market
2023 was a record year for corporate power purchase agreements in Europe. The region contracted 10.4 gigawatts of renewable capacity through corporate PPAs, an increase of almost 60 percent in comparison with the previous year. Spain and Germany were by far the countries with the largest corporate PPA contracted capacity that year, which amounted to 2.8 and 2.2 gigawatts of renewable energy, respectively.
