Solar PPA prices jumped 40% last year. Will prices keep climbing?
Solar development costs had been steadily declining for the last decade until the trajectory was flipped on its head by COVID-19 supply chain constraints, demand surges, international trade tensions, and inflation.
In the last year alone, solar PPA prices jumped 40%. The question we hear from most organizations with renewable energy or emission reduction targets is, will these cost trends continue?
In this analysis, Charles Benisch and Rick Margolin, Directors of Renewable Advisory at ENGIE Impact, shed light on solar energy’s five key cost drivers:
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