Even with its current hectic rate of growth, there is good reason to expect that the corporate PPA market is only getting started. Buying green energy is an increasingly easy win for companies looking to boast environmentally friendly credentials.
Recent years have seen solar shaking off its formerly risky reputation and becoming established as a mainstream, reliable and bankable generation technology. But above all, what is likely to drive corporate attention is solar energy’s still-declining cost curve.
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Average levelized utility-scale PV PPA prices by contract and commercial operation date (COD), in dollars per MWh
Source: Lawrence Berkeley National Lab