Global renewable power prices soar on heavy demand, chaotic supply chain – Reuters

Global renewable power prices soar on heavy demand, chaotic supply chain – Reuters

April 13 (Reuters) - Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday.

Contract prices for renewables jumped 28.5% in North America and 27.5% in Europe in the last year, according to a quarterly index by LevelTen Energy that tracks the deals, known in the industry as power purchase agreements (PPAs).

In the first quarter alone, prices rose 9.7% in North America and 8.6% in Europe, LevelTen said.