LevelTen Energy launches web platform for PPA pricing transparency
LevelTen Energy, an operator of global energy and asset sales marketplaces, launched LevelTen MarketPulsecloud-based software that provides access to real-time data and analytics on renewable energy projects based on real market activity in North America and Europe.
MarketPulse allows clean energy developers, buyers and investors to analyze the market and inform purchasing decisions, leveraging PPA and renewable project data from an industry hub for clean energy transactions.
Traditionally, there are barriers to obtaining PPA prices: price offers are typically shared directly between buyers and sellers, and often during weeks of RFP processes that can lead to outdated prices by the time they are completed. LevelTen seeks to create a centralized marketplace for clean energy purchases, vendors, investors, and analysts to obtain data necessary for benchmarking, modeling, and analysis.
“MarketPulse expands LevelTen’s platform and brings greater transparency to the PPA market. MarketPulse enables energy sellers to more effectively price their PPAs, buyers to quickly compare and benchmark price offers, and investors to conduct thorough due diligence and inform financial models,” said Prasun Chaudhury, Director of Data Solutions at LevelTen Energy. access to new data is even more important in today’s volatile energy market, which has changed rapidly over the past two years.”
Since last year, price offers for renewable PPAs have increased by about 30% in North America and by 47% in Europe.
LevelTen MarketPulse is powered by anonymized data from the LevelTen Energy Marketplace, an online PPA marketplace that connects buyers and sellers. More than 90% of renewable energy developers in North America and more than 60% of developers in Europe use LevelTen Energy Marketplace.
MarketPulse contains tools to analyze and visualize market trends. PPA data can be filtered by price data searches based on geography, development maturity, and other characteristics. The software also displays historical PPA price trends and expected settlement values.
Charts and maps illustrate where projects are located and where demand is concentrated. MarketPulse subscribers can also download the underlying data to plug into their financial models.
“We built LevelTen MarketPulse with input from renewable energy professionals who wanted a tool that would help them build better models and save time on market analysis,” said Chaudhury. “We believe we’ve created one of the most advanced PPA data tools on the market and we’re excited to expand the features further in the coming months.”
News item from LevelTen Energy