New LevelTen Energy Report On UK Renewable Energy Market Reveals “the country is ready to move into an exciting new chapter of renewable energy activity”

LevelTen Energy, the leading provider of transaction infrastructure for the energy transition, today releases the findings of the report, How PPAs and Asset M&A are Helping the UK Unlock Its Clean Energy Future, compiled by its team of energy industry analysts, showcasing insights and data from the LevelTen Energy Platform.

Clean energy procurement in the UK is accelerating. Corporate interest in PPAs continues to expand, particularly among energy-intensive sectors like manufacturing, retail, and technology. This demand is driven by corporate sustainability goals, as well as a desire to hedge against energy price volatility​.

LevelTen Energy, the market’s leading source of PPA pricing data produced from real PPA price offers uploaded by developers operating in the UK, finds:

• Renewable PPAs: There has been a steady increase in appetite for clean energy capacity as indicated by the RFPs issued by clean energy buyers on the LevelTen Platform since 2021. 2024’s healthy increase in demand is visible, with approximately two million MWh of UK-based production volume requested from clean energy buyers in the first nine months of 2024.
• Solar PPAs: While not quite as mature as the UK’s well-established wind market, solar projects — and solar PPAs — in the UK are growing fast. While capacity factors may be comparatively lower than those for solar projects in Europe’s sunniest southern regions, solar PPAs in the UK still present strong procurement opportunities for corporate buyers interested in the market.
• Wind PPAs: The UK’s wind industry is heavily invested in the government’s longstanding Contracts for Difference (CfD) schemes and the revenues they provide. However, as government auctions grow more saturated, a growing amount of wind capacity may become available to corporate offtakers. This dynamic is likely to be furthered by the recent removal of the “de facto ban” on onshore wind development. When onshore wind PPA offer prices in the UK are compared to those of France and Germany, they are higher on average, yet UK wind projects on average can produce stronger production economics for offtakers.

“The UK has long been a leader in the energy transition,” said Frederico Carita, Global Director of Developer Engagement at LevelTen Energy. “With recent policy moves opening up new opportunities for development and the 2025 conclusion of the REMA process poised to bring greater regulatory certainty to the market, the country is ready to move into an exciting new chapter of renewable energy activity.”

“With a robust and growing pool of PPA buyers looking to procure in pursuit of ambitious decarbonization goals, the coming years should provide exciting prospects for clean energy players of all kinds.”

Download the full report

To download the full report, please visit here.

About LevelTen Energy

LevelTen Energy is the leading provider of transaction infrastructure for the energy transition, delivering marketplaces, software, data and analytics that accelerate carbon-free energy deals and decisions. The LevelTenPlatform is the global hub for carbon-free energy transactions and insights, connecting over 1,000 project developers in 32 countries with a vast network of corporations, advisors, traders, financiers and other organisations seeking to advance carbon-free energy development. The Platform includes marketplaces for power purchase agreements, clean energy projects, and tax credit transfers, and will soon support the trading of granular certificates. In addition to building and operating marketplaces, LevelTen Energy provides automated analytics and fresh data to inform key decisions for all market participants, as well as software to help users manage business before, during and after transactions. Visit LevelTenEnergy.com to learn more.