Solar, wind PPA prices continue to fall in Europe

LevelTen Energy says solar and wind power purchase agreement (PPA) prices in Europe continued to fall in the fourth quarter of 2025, with the most competitive percentiles in Spain below €30 ($35.65)/MWh, reflecting strong downward pressure.The European solar PPA market keep seeing contract prices decreasing, according to a new report from LevelTen Energy. The fourth quarter of 2025 confirms the downward trend in solar PPAs, with a further quarterly drop of 1% in the LevelTen continental index and a year-on-year decline of nearly 8% in the P25. The imbalance between the rapid expansion of renewable ...

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