Analysis: "Subsidy-free PPAs are expected to play a pivotal role in GB’s zero emissions goal"

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 onshore renewables developers and investors have looked to innovate and establish ‘subsidy-free’ Utility and Corporate Power Purchase Agreements (PPAs) and new project funding models. There are factors outside of their control, which will shape the viability and sustainability of these new approaches. Even though technology costs are falling, the bankability of subsidy-free PPAs hinges heavily on an offtaker’s long-term projections of wholesale prices. In... ... More: Official Press Release Cornwall Insight

Keywords:

Cornwall Insight, analysis, PPA, decarbonisation, onshore, net zero, power sector