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European PPA Prices Double Y-o-Y Since Energy Crisis: Pexapark

Swiss firm Pexapark, which provides software and advisory services for post-subsidy renewable energy sales and risk management, has released a report entitled Reflections on an uprecedented year. The study offers a comprehensive view  on how the global energy crisis, that has led to an unprecedented period of market turmoil, has affected renewable energy trading and []

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Portugals floating solar energy auction sets world record negative price

Portugals first auction of rights to build and operate floating solar plants on the surfaces of its reservoirs set a world record low price of minus 4.13 euros per megawatt hour for future output, the environment ministry said on Tuesday. The government assigned rights to install floating panels with capacity to convert sunlight into 183 []

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Renewable PPA prices surge 7.8% in response to Europes deepening energy crisis

As the European energy crisis deepens, renewable PPA prices continue to climb, rising by 7.8% quarter over quarter, unveiled today by LevelTen Energys Q4 2021 PPA Price Index. The Index series, created by LevelTen Energy, a leading provider of renewable transaction infrastructure, analyses thousands of wind and solar PPA pricing offers listed on the LevelTen Energy Marketplace []

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SC Cancels Green Energy Association Appeal on CERCs REC Price Revision

The apex court has dismissed the application of Green Energy Association (GEA) seeking a stay on price revision of REC (Renewable Energy Certificates) by power sector regulator Central Electricity Regulatory Commission (CERC). The Supreme Court (SC) bench headed by Justice Arun Mishra took cognizance of a matter on June 16, 2020, and dismissed the application []

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Renewable Energy Auctions-Status and Trends Beyond Price

This recent report from IRENA (International Renewable Energy Agency) looks at the global shift to auctions, when it comes to renewable energy. From lower price discovery to better tracking of project timelines, auctions have been designed to achieve multiple objectives. 111 GW was auctioned off in the period 2017-18. The report details the many benefits, []

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Average Energy Spot Prices at 2-Year Low, REC Prices Rise

The average spot power price at IEX dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit last year. The average spot power price at Indian Energy Exchange (IEX) dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit in the same []

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Indias Effort in Renewable Energy Led To Drop in Solar Price

US Senator Merkley during the hearing on Energy and International Development stated that because of Indias effort in renewable energy there has been a considerable drop in solar price. Indias massive effort towards renewable energy has resulted in considerable drop in solar price and the country now believes that the solar power is cheaper than []

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5 Ways Battery Storage Is Transforming Solar Energy Deployments

Solar powers biggest ally, the battery energy storage systems (BESS), has arrived in force in 2024. The pairing of batteries with solar photovoltaic (PV) farms is rapidly reshaping how and when solar energy is used, turning daylight-only generation into flexible, round-the-clock power. BESS has meant the momentum does not flag for solar deployments, even in []

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