Solar PPA prices in Europe 2026: country comparison

We've pulled the corporate-PPA pricing data crossing ORBID in the first half of 2026 — utility-scale Solar, 10-to-15-year tenors, baseload-shape or pay-as-produced, all in €/MWh — and the picture diverges sharply country by country. Two themes stand out: Iberian compression, and the quiet repricing of CEE.

What we're seeing

• Spain & Portugal: corporate PPAs are pricing in the high €30s to low €40s for pay-as-produced 10-year deals. Cannibalisation in midday hours is the real story — every conversation has shifted from "what €/MWh do I get?" to "what's the as-produced vs baseload haircut?".
• Germany: low €60s for baseload-shape, with a clear premium for shorter tenors. Industrials are willing to pay up for term certainty; the long-dated curve is much softer.
• Poland & Hungary: €55–65 still achievable for well-structured 10-year offtake, though banks have started haircutting merchant tails more aggressively after the Q4 2025 zonal price spread widening.
• Romania & Bulgaria: the most variable. €45–55 is achievable but CCGT-tracking PPAs are increasingly common — the offtaker prices in Solar generation profile risk explicitly.

Why the spread is widening

Three forces, in rough order of magnitude: midday cannibalisation where Solar penetration is highest, capture-rate divergence between markets with material storage capacity and those without, and the quiet retreat of speculative offtakers as financing costs reset.

The takeaway for developers: the days of pricing a Solar PPA off a single European benchmark are over. We expect the spread between best- and worst-priced markets to keep widening through 2027.

How ORBID looks at this

Every tender that runs on ORBID gets a market-context note attached to the brief — average pricing in the relevant country, recent comparable deals, the typical EPC margin band. Bidders walk in knowing what good looks like, owners know what to negotiate. If you'd like to see what's crossing the platform in your country, say hello.