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Green Energy Defies Economic Malaise

July 18, 2022

Solar Panels

LevelTen Energy reports that increasing prices have not slowed wind and solar PPAs. Despite a 30% increase, demand is growing and supply can’t keep up. This contrasts a number of economic indicators. The Consumer Price Index rose 1.3% in June on a seasonally adjusted basis, and 9.1% over the past 12 months. It is the highest annual rate since November 1981 (9.6%). The Producer Price Index measure of wholesale markets jumped 11.3% on an adjusted basis for the past year. Total industrial output has decreased for the first time in 2022.

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