PPA market is growing rapidly
US wind PPA prices under pressure
Prices fall in the wake of a tax credit extension but are still up more than 10pc year on year
Power-purchase agreement (PPA) prices for wind power in the US fell 6.2pc in the first quarter of 2021 compared with the previous quarter, ending a 12-month upward trend, according to PPA trading platform operator LevelTen Energy. The decline comes after Congress in late December 2020 extended the Production Tax Credit (PTC) for wind power at a rate of 60pc of the full credit amount, or 1.8¢/kWh ($18/MWh), for another year through 31 December 2021. "I do not believe that the recent auction prices will set a new near-term benchmark for PPA prices in Spain" Sorensen, LevelTen “The extension of renewable PTCs in December 2020 appears to have tapered [the recent price i
Also in this section
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
12 March 2025
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
