North American renewable energy developers are struggling to build solar and wind projects fast enough to keep up with demand because of the extremely difficult development landscape, according to a new report from LevelTen Energy, a provider of renewable-transaction infrastructure and operator of the world’s largest PPA marketplace.
This is leading to a shortage of power-purchase agreements for corporations and other large energy buyers, which are critical to bringing new clean-energy projects online and meeting corporate and federal net-zero targets. This rapidly growing imbalance between PPA supply and demand, combined with skyrocketing development costs, has raised PPA prices 9.7 percent during the first quarter of 2022 to