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Dive Brief: Overall renewable PPA prices have increased 11.5% year-over-year since the first quarter of 2021 as demand for renewable energy continues to grow, according to an analysis from LevelTen Energy's renewable energy marketplace. Wind-only PPA prices dropped 6.2% to an average of $30.19 per MWh during the first quarter of 2021, according to LevelTen, while solar rose 2.6% to $31.36 during the same time period. Both resources maintain long-term upward trends despite some region-specific declines and the one-quarter drop in wind prices, which ended a four-quarter streak of increase, acc...

iTWire Monday, 19 April 2021 16:25 Riverina Fresh picks Rayven for manufacturing IoT capability Shares Dairy producer Riverina Fresh is using Rayven's real-time AI and IoT platform to support the adoption of a predictive and preventative maintenance regime for its key machinery. Riverina Fresh's adoption of Rayven's platform as part of a predictive maintenance program has resulted in increased uptime, output, and utilisation. "We were introduced to Rayven by Bridge Hub, the agrifood tech innovation hub. We collaborated with Rayven to help develop their product for some of our o...

North American Wind Prices Fall, While Prices in Europe Are ‘Defined by Stability’ (Credit: Pexels) Wind prices in the US dropped by 6.2% in the first quarter of the year, after four quarters of strong rising trends, according to LevelTen Energy’s new PPA Price Index. “For the past few years, wind prices as a whole have been rising, and they increased significantly in 2020,” says Rob Collier, VP of developer relations for LevelTen Energy. “The extension of renewable Production Tax Credits (PTC) in December 2020 appears to have tapered that increase. Time will tell if the continu...

Dive Brief: Solar PPA prices rose 11.5% over the course of 2020, according to the Q4 2020 PPA Price Index from LevelTen Energy — the first increase in solar prices since the LevelTen price report began. Wind prices saw a 24.3% increase over the same time period. While COVID-19 played a role in the increase — 26% of developers told LevelTen they raised their prices to cover costs incurred by COVID—demand in excess of supply appears to be the main driver. “Many of the most economically competitive projects have already contracted with offtakers, leaving higher-priced projects available ...

A new Q4 PPA Price Index report reveals that the pandemic had a small impact on power purchase agreement (PPA) prices, and a larger impact on development timelines.