Offtakers searched for 1 to 20 year PPAs on RenewaFi last year.
The average was around 7.
The bid term lengths were, on average, shorter than the offer term lengths.
Sellers tend to want longer terms as they make projects easier to finance.
Offtakers, however, have been skeptical of longer PPA terms as forward curves show increasingly lower prices further into the future and the solar shape becomes less valuable.
RenewaFi LLC (“RenewaFi”) offers a renewable energy marketplace. Users are cautioned that the RenewaFi marketplace is not a “swap execution facility” or registered as such with the Commodity Futures Trading Commission (CFTC). Unlike an exchange or a swap execution facility, the RenewaFi marketplace is not designed for RenewaFi market participants to place orders for standardized and tradable financially settled contracts, or to execute such contracts on the RenewaFi marketplace. The RenewaFi marketplace is a tool primarily used to help RenewaFi market participants source and interpret information. Further, users and other RenewaFi market participants will not be permitted to initiate auctions, nor should they submit proposals, to enter into a renewable energy transaction, unless the transaction is intended to be physically settled. Auctions for financially settled renewable energy transactions cannot and should not be conducted on the RenewaFi marketplace. For more information, please contact us at info@renewafi.com.
