PPA

  • 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

    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...

  • Media Mentions

    Power Engineering International | UK renewables won’t meet 2050 target

    The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase...

  • 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

    Competition for flexible asset PPA deals on the rise

    The capacity of non-traditional flexible generation technologies is increasing substantially in GB, and in parallel, the market for trading and optimising such assets continues to develop. Cornwall Insight’s latest research shows there is ~10.8GW* of operational flexible capacity across front-of-the-meter gas and diesel engines, battery storage, Open Cycle Gas Turbines...

  • Media Mentions

    Engerati | Flexible asset PPA deals

    Our research from our Flexible asset PPA market report showing that there is currently around 10.8GW of operational flexible capacity in the GB market featured in Energrati. The number of market participants that are providing PPA/optimisation deals is also growing. Currently, there are more than 20 offtakers (broadly defined as...

  • 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

    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

    Slow and steady wins the CPPA race in Ireland

    The Corporate Power Purchase Agreement (CPPA) market in Ireland is being targeted by the government as a viable route to help achieve its 2030 renewable energy targets. The Irish government has set out a goal of 15% of renewable electricity directly contracted to corporates by 2030. The latest insight paper...