Industry Analysis
May 6, 2024

Solar, Now In the Money, Is Source of New Offtake Match

An investment grade offtaker matched last week on a 200 MW solar PPA at Houston Hub. 

The PPA, which is tied to a development-stage project, is set to start on April 1, 2027 and last 7 years, shorter than the typical offtake agreement for a new build facility.

The value of the solar shape increased dramatically in ERCOT over the last 30 days, according to the RenewaFi Price Tracker.

The RenewaFi benchmark for a 5-year solar PPA at Houston with a 2027 start date, for example, increased by about 22% since April 8. 

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