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 Agreement (PPA) growth of ~1.5GW since January 2020 (an 18-month period), far shy of the ~5GW annual ramp rate.
The GB PPA market has been instrumental in bringing renewable assets to market—Cornwall Insight research shows that of the currently operational 48GW renewables in GB, ~30GW is under some form of third party PPA.
Tim Dixon
