Power Purchase Agreements

  • Press Releases

    Cornwall Insight’s response to the publication of the REMA consultation summary

    The government has today published the summary of responses received from its Review of Electricity Market Arrangements (REMA) consultation. The responses received showed the industry has expressed strong support (92% agreement) for energy market reform that prioritises decarbonisation, security of supply, and cost-effectiveness. Respondents also agreed that the current market...

  • Press Releases

    £285mn of government funding for renewables but strong competition means developers are considering alternative options

    Applications for the government’s largest ever Contracts for Difference (CfD) auction have closed with applicants competing for a slice of £285mn a year worth of investment in a wide range of both established and less established renewable technologies. Allocation Round (4) is loosely aiming to secure around 12GW of new...

  • Press Releases

    New findings show 1.1GW increase in Renewable PPAs

    Latest research from Cornwall Insight’s ‘Renewable PPA market share report’ highlights that the market for renewable PPAs is showing increased capacity despite challenges in the sector. In fact, Cornwall Insight assessed a total of 30,710MW* of renewable PPA capacity, a 1,190MW increase from our previous report, which assessed capacity as...

  • Press Releases

    Current market for new-build renewables doubtful in meeting net zero target

    The current market and options available for new-build renewables are inadequate to keep the UK on track to its net zero target. According to National Grid Future Energy Scenario (FES), the UK needs approximately 87-113GW (scenario dependent) of renewables capacity by 2030 and 197-231GW by 2050. That is an annual...

  • Press Releases

    Cornwall Insight Green Certificates survey | REGO prices 50% higher than January

    Renewable Energy Guarantees of Origin (REGOs) prices are on the rise, according to the latest results from Cornwall Insight’s Green Certificates survey. In fact, reported average REGO prices have increased for Fuel Mix Disclosure (FMD) years 2020-21 up to 2023-24, with averages up to 50% higher than the January 2021...

  • Media Mentions

    Energy Global | Renewable PPAs

    Energy Global featured our PPA survey research which shows the power purchase agreement (PPA) market for renewable assets continues to be highly competitive. In fact, the PPA market for renewable generation assets has seen a significant rise in the £/MWh value achieved by generators, particularly in the short-term market (deals...

  • Press Releases

    Cornwall Insight PPA Market share survey | Increased interest and competition boost market

    The Power Purchase Agreement (PPA) market for renewable assets continues to be highly competitive, according to the latest survey results from Cornwall Insight’s PPA insight service. In fact, the PPA market for renewable generation assets has seen a significant rise in the £/MWh value achieved by generators, particularly in the...

  • Press Releases

    Number of Power Purchase Agreements for renewable technologies increasing

    Research from Cornwall Insight’s ‘PPA market share report’ suggests that the number of flexible and renewable Power Purchase Agreements (PPA) being signed is on an upward trajectory, highlighted in the below graph. Flexible assets PPA market Since August 2019 flexible assets have seen 530.6MW of optimisation agreements announced. 197.6MW of...

  • Press Releases

    Flexible asset PPA capacity and competition increases

    The Power Purchase Agreement (PPA) market for flexible assets* in the last six months has grown in size and seen increased levels of competition as new offtakers and optimisers make themselves known in the market. Based on Capacity Market (CM) agreements, there is ~4.8GW of flexible capacity operational at present....

  • Press Releases

    Renewables pipeline swells to over 24.7GW

    Latest figures from the Renewable Energy Planning Database revealed that the total capacity of renewable energy and storage projects across England, Scotland and Wales classed as ‘awaiting construction’ or ‘under construction’ stands at 24.7GW of the total pipeline capacity. The majority of this is classed as ‘awaiting construction’. Further research...

  • Press Releases

    Smart Export Guarantee tariffs Vs market values

    On 1 January 2020, the Smart Export Guarantee (SEG) came into effect. The SEG mandates that electricity suppliers with over 150,000 customers offer at least one tariff for power exported to the grid from renewable generators smaller than 5MW. Obligated suppliers are required to provide tariffs with rates above 0p/kWh...

  • Press Releases

    Flexible Asset Power Purchase Agreement market is small but highly competitive

    Research from Cornwall Insight’s Flexible Asset Power Purchase Agreement (PPA) Market Report has allowed for a comparison between the different markets for PPAs for renewables and flexible assets. The below graph highlights that one of the primary differences between the two sectors is the size. The total size of the...

  • Press Releases

    Can market driven subsidy-free PPAs deliver deeper, wider decarbonisation?

    In a week in which the prospect of legislating for net-zero is again in the headlines, a solid prospectus for delivering deeper and wider power sector decarbonisation has never been more critical. A positive outcome of the closure of subsidy schemes has been the way in which resilient and adaptable...