Strategic Innovation: Corporate Power Purchase Agreement (CPPA)
In 2021, Exemplar identified an opportunity to strengthen both cost certainty and sustainability credentials through a Corporate Power Purchase Agreement (CPPA). The CPPA model offered Circle K:
- Verifiable Irish renewable electricity supply
- Long-term price stability as a hedge against wholesale volatility
- Alignment with corporate sustainability and reporting objectives
Exemplar led the entire process from concept to execution:
- Ran a structured competitive process engaging solar farm developers
- Modelled pricing and risk scenarios to support informed internal decision-making
- Evaluated asset suitability and contract structures
- Supported negotiations and contracting through to completion
After a three-year process of evaluation, education and stakeholder alignment, Circle K entered into a 12-year CPPA agreement in 2024. The agreement secures renewable electricity supply for its retail network and EV charging infrastructure, while delivering long-term commercial certainty.