EMR may rescue UK renewable PPA market

EMR could buoy PPA market, firms say

The ailing UK market for power purchase agreements (PPAs), a vital instrument for renewables projects that rely on bank finance, is set to undergo a big shake-up when a market in contracts-for-difference (CFDs) kicks in next year, say market experts. Alongside the introduction of a capacity market, a carbon floor price and emissions limits for new generation facilities, the CFD market is one of several key planks of the government’s Electricity Market Reform (EMR). The first application