Case Study
Adalta Energy – Export Case Study
Adalta Energy
Scenario
Client required a route to market that could deliver strong, stable revenues while navigating an
increasingly volatile power market.
Traditional PPA options were:
- Offering limited upside
- Lacking flexibility
- Failing to fully capture the value available through Licence Exempt Supply (LES)
At the same time, Feed-in Tariff (FiT) pricing remained a critical benchmark, creating a real risk of locking
into a structure that could underperform versus FiT returns.
Client needed a solution that delivered:
- Strong and bankable revenues
- Full access to LES value
- Flexibility to revert or pivot if FiT proved more attractive
Solution
Adalta delivered a structured procurement process, engaging multiple off takers and assessing both headline PPA pricing, LES capability, and FiT alignment. The selected solution combined:
- Contractual optionality, ensuring client is not locked into a sub-optimal position versus FiT
- A competitive fixed PPA
- A high-matching LES structure
- A flexible agreement, allowing client to exit or pivot in line with FiT performance or market movements
Crucially, the structure was built around:
- Access to a large import portfolio, enabling consistently high LES match rates
- A transparent benefit-sharing model, with an enhanced proportion of value returned to the generator
Client Benefits
- Higher Realised Revenue – Combined PPA + LES structure delivers a stronger overall return
- £42/MWh above FiT Export tariff – Total Additional Benefits £483K
- Maximised LES Value
High matching rates ensure more generation qualifies for LES benefits - Greater Share of Benefits
Improved percentage of LES value retained by AWEL - FiT-Aligned Flexibility
Ability to exit or adapt if FiT pricing outperforms market routes - Downside Protection, Upside Retained
Avoids being locked into underperforming contracts - Bankable Structure
Suitable for community energy stakeholders and funding requirements – Approved by Triodos Bank
Why Adalta
- Outcome-Focused Procurement
Focused on total value delivered, not just headline price - High Matching Rate Access
Proven access to counterparties delivering consistently strong LES performance - Generator-First Commercials
Focus on maximising generator share, not supplier margin - FiT-Aware Structuring
Contracts designed to work alongside, not against, FiT economics - Flexible PPA Design
Retains optionality in a changing regulatory and pricing landscape - Established Market Relationships
Direct access to leading LES and PPA providers