LevelTen warns renewable energy PPA prices could more than double after July 4 tax credit deadline
By
Ryan Kennedy
4d ago· 4 min readenNews
Summary
Clean energy buyers face a looming July 4 "tax credit cliff" under the OBBBA, after which renewable energy PPA prices could spike dramatically — with some ERCOT prices projected to more than double. LevelTen Energy's report warns that developers waiting for perfect macroeconomic conditions will face a high no-tax-credit premium, urging corporate procurement managers to act quickly or face soaring project costs.
Source
Key quotes
· 3 pulledClean energy buyers who are waiting for perfect macroeconomic conditions to execute renewable power purchase agreements (PPAs) are running out of time.
The impending July 4 'tax credit cliff' is poised to rapidly spike PPA prices, forcing corporate procurement managers to move with extreme speed or face soaring project cost.
Developers warn that waiting out the market will lead to a high no-tax-credit premium, with some ERCOT PPA prices projected to more than double.
With the OBBBA’s July 4 construction deadline arriving, developers warn that waiting out the market will lead to a high no-tax-credit premium, with some ERCOT PPA prices projected to more than double.
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