power purchase agreement

  • Low carbon generation

    High and Volatile: Trends from our Q421 Green Power Forecast

    At the end of January we released our latest Green Power Forecast, projecting renewables generators revenues over a five-year horizon whilst also providing Power Purchase Agreement (PPA) pricing and benchmarking updates, and a survey to gauge the latest renewables market trends. Amid the current “energy crisis” arising from an underlying...

  • Low carbon generation

    Make my dreams come true: Ireland and Corporate PPAs

    Corporate Power Purchase Agreements (CPPAs) are very much in the news both internationally and in the Irish market. Amazon’s recent announcement of Ireland’s first unsubsidised CPPA, an agreement with the proposed 91.2MW Meenbog wind farm, is an exciting development. This deal follows the 4 February 2019 letter from Minister Bruton...

  • Low carbon generation

    Relight my fire: liquidity in the Irish PPA market

    Previously we explored how the Irish Power Purchase Agreement (PPA) market is evolving in response to the I-SEM. We have extensively researched this market to understand PPA pricing, competition and contract structuring. This culminated in the release of our inaugural Irish PPA market report in July. However, overall market share...

  • Low carbon generation

    More Than a Feeling: Emerging Trends in the PPA Market

    Earlier this year we published a blog exploring the options for imbalance risk allocation within I-SEM Power Purchase Agreements (PPAs). In this, we explained that generators would be inclined to pass the full risk of imbalance to offtakers. This was due to their relevant market experience and the need for...

  • Low carbon generation

    Take on me: PPA options to manage imbalance

    The I-SEM delay may give renewables generators some pause for thought in relation to Power Purchase Agreements (PPA) or trading contracts. Six months gives more time for any open negotiations on PPAs to continue and we believe some key risks will need to be negotiated. However, negotiations on many contracts...

  • Low carbon generation

    De-minimis benefits and the law of unintended consequences

    In this blog, we explore the effects of changing to gross demand under I-SEM on small-scale generators. Projects below 10MW, termed “de minimis” in the Single Electricity Market (SEM), are not required to actively trade. Instead, they enter into a power purchase agreement (PPA) with a supplier to be absorbed...