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Wind Power Purchase Agreement Prices Surge 7% in Q2 Amid Growing Demand and Rising Project Costs.

LevelTen Energy, an online marketplace for energy transactions, reported that wind power purchase agreement prices rose by 7% in Q2, while the cost of the average North American solar PPA rose by 3%. Solar PPA prices remained flat, but wind PPAs are becoming increasingly expensive, with the average price for a North American, wind-based PPA up 13.5% year-over-year. Despite these price hikes, demand continues to grow. Wind projects face multiple price pressures, including interconnection delays and permitting challenges, and a decrease in land suitable for new projects. The company has also seen increased demand for new types of PPAs, including mixed resource PPAs and PPAs with an energy storage component.

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