U.S. Renewable Energy Policy and Industry
Average PPA Price ($/MWh)
•
PPA Pricing by Region
O ERCOT
○ Southwest
$200
$150
$100
$50
California
● Northwest
O MISO
SPP
○ Southeast
300MW
100MW
$0
2008
2009
2010
2011
PPA Signing Date
2012
2013
2014
2015
From 2008-2015, PPA signed contracts have dropped from ~$150/MWh to ~$50/MWh
Wider geographic distribution of where contracts are being signed
Recent announcements of much lower PPA bids
-
In June '15 Austin Energy received 1.3 GW of bids under $40/MWh (though not yet signed)
-
In July '15 NV Energy announced that it had agreed to a PPA price of $38.7/MWh (3%
escalator) with a 100MW First Solar project
GTM reports that over 5 GW of PV have been procured by utilities based solely on its competiveness
with natural gas
Sources: 1. Bloomberg NEF, "U.S. PPA Market Outlook." Accessed July 8, 2015. 2. GTM/SEIA. 2015. U.S. SMI Q1 2015.
NATIONAL RENEWABLE ENERGY LABORATORY
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