The Russian invasion of Ukraine has worsened global energy market volatility, compounding to the supply-chain shortage issues that have already resulted in price rises for renewable power purchase agreements (PPAs).
LevelTen Energy, the operator of the world's largest PPA marketplace, released latest quarterly PPA Price Index and pointed out that PPA prices in both Europe and North America have increased by about 30% in the last year. Prices for wind and solar projects in Europe are now US$62.13 per MWh, up 8.6% in just the first quarter of 2022. Average PPA prices in North America came in at US$39.91 per MWh, up 9.7% from the previous quarter.
