Introduction James Brabben Wholesale Manager j brabbencornwallinsight com

Introduction James Brabben Wholesale Manager j. brabben@cornwall-insight. com

A view on the potential new build CPPA pipeline Signed CPPA volumes, RE 100 demand cumulative onshore and offshore construction pipeline 30 Supply side by 2030: New offshore developments could total ~80 TWh 25 New onshore developments could total ~22 TWh TWh/year 20 Deployment is below Net Zero targets seen in FES 15 10 5 2020 2021 2022 2023 2024 Remaining RE 100 demand CPPA RE 100 demand Tier 1 onshore renewables pipeline (cumulative) Tier 1 offshore wind projects pipeline (cumulative) Source: Cornwall Insight Renewable Pipeline Tracker 3

How could the corporate/generator imbalance be addressed? 04 03 02 01 Alternatives– Generators need more than CPPAs if we are to reach net zero. Alternatives may help support more appropriate CPPA development Obligations – Previous LEC scheme gives a potential view of how corporate demand could be incentivised and zero carbon generation rewarded. Rego reform has been muted by some in the industry and a potential option SME sector – Could SME sector be incentivised to take up corporate contracts? Concerns continue around credit/ long-term offtake ability Public sector demand- At least ~60 TWh of public sector demand that could be incentivised and educated on the value of CPPAs. Many councils have set net zero targets and declared climate emergencies www. cornwall-insight. com 4