Understand key offtake trends

While forward prices trended higher in Q2, regulatory uncertainty coupled with a significant deterioration in renewables shape value hampered deal flow. The passage of the OBBBA marked a turning point for the sector, presaging higher power prices amid a more challenging project development landscape.

Despite an increasingly challenging regulatory environment, the ERCOT offtake market was highly active in Q1 2025, as forward curves lifted PPA and BESS toll values across all hubs. This report explores the key factors driving deals, from forward and capture curves, to tariffs and proposed legislation.

Since the introduction of BESS to the RenewaFi platform, dozens of companies have posted hundreds of BESS toll prices. Discover how the value of BESS has changed in recent months and where counterparties have pursued tolling agreements.

See how recent events – including ERCOT’s new load growth projections and the relatively mild summer in Texas – impacted the value of solar and wind PPAs in 3Q 2024. The report also covers whether bids and offers from the RenewaFi marketplace followed the same trends, including where market participants matched.

Understand key PPA pricing trends during a period of significant volatility. The average value of wind and solar PPAs in ERCOT increased by about 20%, driven primarily by ERCOT’s revised load projections, which were released in April.