Renewables pipeline swells to over 24.5GW: Latest figures from the Renewable Energy Planning Database revealed that the total capacity of renewable energy and storage projects across England, Scotland and Wales classed as ‘awaiting construction’ or ‘under construction’ stands at 24.7GW of the total pipeline capacity. The majority of this is classed as ‘awaiting construction’.

Further research into these figures by Cornwall Insight highlights that just over 15GW of projects are classed as awaiting construction. This figure assumes the majority of offshore wind projects will be looking to secure a deal through the Contracts for Difference scheme or be developed as extensions to existing sites, but other technologies including onshore wind and solar which do not have access to the scheme are currently searching for subsidy-free routes to market options.

Lucy Dolton, Analyst at Cornwall Insight, said:

“There is little surprise that so much of the total pipeline is awaiting construction – due to the underlying political uncertainty coupled with the lack of available support schemes, dampening investors’ confidence.

“While large numbers of projects will need to seek subsidy-free routes to market, only a handful have publicly confirmed route to market plans. Presently, utility power purchase agreements (PPAs) remain the leading option, but this may change in 2020 as new business models emerge to meet the needs of subsidy-free generators.

“With rising media attention surrounding the climate crisis and market innovations such as building basket PPAs for consortia, we can expect growth in Corporate Power Purchase Agreements (CPPA) deals. However, these alone will not be enough to meet the needs of all generators in the pipeline.”

Renewables pipeline swells to over 24.5GW kindly provided by Cornwall Insight

, , ,
Previous Post
Quarter of water customers let down by poor response
Next Post
Suppliers use energy market turbulence for market share

Related Posts

Susceptibility of GB markets to LNG volatility may rise

Susceptibility of GB markets to LNG volatility may rise

Susceptibility of GB markets to LNG volatility may rise: Liquified Natural Gas (LNG) prices and demand have enjoyed unprecedented momentum in recent months, with Asian spot LNG prices reaching an all-time high of 211.94p/th on 15 January. However, LNG’s recording break run has ended in the last few weeks, with prices having fallen significantly. In…
Read More

Price cap predicted to rise by at least £66/year

Price cap predicted to rise by at least £66/year: The latest forecasts from Cornwall Insight indicates that the default tariff price cap will increase by approximately £66 from April 2021 to £1,108 per year for a typical dual fuel direct debit customer – from its current level of £1,042. Robert Buckley Head of Relationship Development…
Read More
Menu

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.