PPA Price Cannibalization: Why the Solar Project That Was Bankable Three Years Ago Is No Longer Bankable Today
Published by Greenconexa Oy | April 2026 Executive summary Between 2022 and 2025, the average prices captured by solar farms in Europe fell sharply โ in Germany, from roughly 98% of baseload to 54%; in Spain, to around 49%. The mechanism is called cannibalization: as more solar capacity is installed, spot prices collapse precisely during the…
