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In the first quarter of 2024, wind and solar PPA prices in Europe declined in comparison to the previous quarter, reaching **** and **** euros per megawatt hour, respectively. The price of power purchase agreements for wind and solar projects in Europe has presented a decreasing trend over the last year.  

Wind and solar prices in European countries

On average, wind PPAs are forecast to reach higher prices than solar across Europe. For a 10 year pay-as-produced standard PPA starting in 2025, wind prices are expected to be the lowest in countries such as Spain, Norway, Ireland, the Netherlands, and Sweden, all with an average forecast price below ** euros per megawatt hour. On the other hand, Southern European countries such as Italy, Spain, and Portugal registered the lowest forecast solar PPA prices.  

The European corporate PPA market

2023 was a record year for corporate power purchase agreements in Europe. The region contracted **** gigawatts of renewable capacity through corporate PPAs, an increase of almost ** percent in comparison with the previous year. Spain and Germany were by far the countries with the largest corporate PPA contracted capacity that year, which amounted to *** and *** gigawatts of renewable energy, respectively.