The Story of a South Hub Solar Match
When offtakers post a competitive bid on RenewaFi, it can lead to a spike in competitive counters from sellers.
That’s what happened for South Hub solar offers in Q2 and Q3.
In late May, a quality offtaker posted a bid at $40, which incentivized sellers to get aggressive with their offer prices.
As a result, the median offer price, which had been at $50 in April, decreased by about $5 by June, as sellers jockeyed to attract the offtaker.
![](https://cdn.prod.website-files.com/639a1691d5ef661c6f532830/6568f03300e4a6a9049d8d18_1.png)
This meant the most aggressive offers were below market value.
![](https://cdn.prod.website-files.com/639a1691d5ef661c6f532830/6568f04900e4a6a9049daee8_2.png)
In other words, these offers were in the money to the offtaker.
![](https://cdn.prod.website-files.com/639a1691d5ef661c6f532830/6568f05700e4a6a9049db9d6_3.png)
The result was a match at $39.75 for a 10-year, unit contingent, 50 MW PPA (chart 4).
![](https://cdn.prod.website-files.com/639a1691d5ef661c6f532830/6568f0649d493ed4c9cd94d1_4.png)
Good things happen when market participants get aggressive!