Power purchase agreement (PPA) prices declined 5% across Europe in the first quarter of 2024, according to a new report from LevelTen Energy, operator of the world’s largest PPA marketplace. Solar P25* PPA prices dropped 5.9% and wind prices dropped 4.3% as the PPA market continued to respond to subdued wholesale electricity prices across Europe - with lower costs in the solar supply chain and a stabilising regulatory landscape contributing as well.