And even if they sign a PPA the renewable arbitrage they could do exerts large downward pressure on the price they are willing to pay.
Which is to say, they would want to sign a contract saying ”deliver cheap reliable electricity when renewables and storage doesn’t do it”.
And now you are trying to fit an extremely CAPEX heavy square into a round OPEX sized firming hole.
And even if they sign a PPA the renewable arbitrage they could do exerts large downward pressure on the price they are willing to pay.
Which is to say, they would want to sign a contract saying ”deliver cheap reliable electricity when renewables and storage doesn’t do it”.
And now you are trying to fit an extremely CAPEX heavy square into a round OPEX sized firming hole.