Europe's PPA prices spike

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European energy markets are being stress-tested as the region simultaneously tackles two major challenges: figuring out how to rapidly establish energy independence from Russia, while also transitioning to a carbon-neutral economy by 2050.

Official Press Release LevelTen Energy:

Europe’s Renewable Energy Shortage Causes PPA Prices to Rise More Than 11% in Q3 and 51% Year Over Year, According to LevelTen Energy

LevelTen Energy’s new report reveals that European P25* solar and wind PPA prices increased more than 11% in the third quarter of 2022 to €73,54 per MWh. Year-over-year, prices have increased 51% / PPA demand remains strong despite rising prices

Europe’s energy crisis rages on, causing third quarter P25* solar and wind power purchase agreement (PPA) prices to soar 11,3% to €73,54 per MWh, according to a new report from LevelTen Energy, a renewable energy platform and operator of the world’s largest PPA marketplace. European PPA prices are now 51% higher than the same period in 2021. PPAs offer stability amid energy market volatility European energy markets are being... ... More: Official Press Release LevelTen Energy

LevelTen Energy, report, PPA, Europe, war, Russia, Ukraine, demand, renewable energy, increase, market volatility

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