The Business Renewables Centre’s State of the Market Report is an annual survey of energy market participants. This report highlights key trends in Corporate Renewable Power Purchase Agreements (PPAs).
The emergence and growth of Corporate Renewable Power Purchase Agreements (Corporate PPAs) has been one of the major changes to the market for large-scale renewable energy. Since 2017, we estimate there have been 110 Corporate PPAs negotiated, contracting over 4 GW of renewable energy generation.
The growth in Corporate PPAs has diversified the market for large-scale renewable energy. Not long ago, Utility PPAs with electricity retailers were effectively the only buyer option for off-take agreements – but Corporate PPAs are now playing an important role in energy transition. As retailer agreements with solar and wind farms slow, now their legislated purchase obligations under the Renewable Energy Target have been met, Corporate PPAs and public sector retailers have been the two on-going market segments.