With the recent activity in the Corporate Power Purchase Agreement (CPPA) market in Ireland, one can be forgiven for thinking that the landscape for energy purchasing by large Corporate entities is shifting drastically and quickly. Amazon has signed direct agreements with two wind farms and the government has set stretch targets for this type of renewable procurement in Ireland.
However, despite agreements being signed for dozens of gigawatts of generation capacity internationally, in Ireland landmark agreements have not yet lead to a broad market.
- Explain the meaning of the term CPPA, the key players in a deal, and the benefits which can be delivered
- Set out the size of the potential market in Ireland
- Discuss how much the market is likely to grow in the short to medium-term