RMI: Cheap wind, market changes drive corporate energy buyers to SPP
It’s not just an abundance of cheap wind energy driving the SPP market, according to Rocky Mountain Institute. The grid operator has also made changes to its market that are attracting corporate buyers looking for clean power.
While Texas is the site for the greatest number of corporate PPAs, states to its north are also seeing increased activity.
“The volume of wind PPAs signed in SPP in 2015 alone was more than double the volume over the preceding 7 year period from 2008-2014,” RMI said in their brief. “And despite dropping last year, SPP wind PPA volume was still greater in 2016 than the 2008-2014 total.”
RMI said transmission upgrades, falling capital costs, and market developments have all helped the grid operator attract wind development and corporate PPA activity.
