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New Scrappage Scheme: What Lies Ahead?

New Scrappage Scheme: What Lies Ahead? New Scrappage Scheme: What Lies Ahead? As the UK government desperately seek ways to achieve their net zero carbon emissions by the year 2050, the automotive sector often finds itself on the receiving end of attention. Back in February, Prime Minister Boris Johnson announced plans to bring the ban…
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Number of PPA’s for renewable technologies increasing

Number of PPA’s for renewable technologies increasing: Research from Cornwall Insight’s ‘PPA market share report’ suggests that the number of flexible and renewable Power Purchase Agreements (PPA) being signed is on an upward trajectory, highlighted in the below graph.   Flexible assets PPA market Since August 2019 flexible assets have seen 530.6MW of optimisation agreements…
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Fleets set to unlock an electric vehicle revolution

Fleets set to unlock an electric vehicle revolution: UK fleets have the potential to accelerate an electric vehicle (EV) revolution, with a shift to zero tailgate emissions generating fuel cost savings of around 63% across a fleet and significantly boosting the second-hand car market according to a new report from Cornwall Insight and PwC –…
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Renewable energy transition in New South Wales

Renewable energy transition in New South Wales needs to gather pace significantly: Research from Cornwall Insight Australia highlights that the energy transition in New South Wales (NSW) over the next decade will need to gather pace significantly.   The below graph shows that renewables have contributed an average of ~10% of total generation in NSW…
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£320K battery project for Portsmouth Port

£320K battery project for Portsmouth Port: £320k of funding has been received by a consortium including Portsmouth International Port to install a mega-battery in a bid to increase the use of renewable energy. The 20-foot container-sized battery will be powerful enough to charge four mid-range electric vehicles (EVs) simultaneously, said the port authority. The mega-…
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Networks and Ofgem need to tread a delicate balance

Networks and Ofgem need to tread a delicate balance Regional flexibility | network companies and Ofgem need to tread a delicate balance The third in the series of research papers from Cornwall Insight in partnership with Complete Strategy and Shakespeare Martineau has been released. Future Networks – RIIO2-ED2 investigates the interaction of regional flexibility markets…
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COVID-19 impacts on low-carbon investments

COVID-19 impacts on low-carbon investments: The COVID-19 pandemic has disrupted many sectors across the UK, and investment in low-carbon infrastructure has paused in many markets. Daniel Atzori, Research Partner at Cornwall Insight, comments on the likely impacts of the COVID-19 crisis in low-carbon infrastructure finance and investor confidence.   “Despite the decrease in electricity prices…
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Renewable generator revenues fall due to lockdown

Renewable generator revenues fall due to COVID-19 lockdown: Research from Cornwall Insight’s Green Power Forecast reveals there has been a sharp decline in generator revenues. Solar and wind technologies have been particularly impacted by low demand levels due to the COVID-19 lockdown.   Solar PV captured prices were, on average, 8.4% and 14.9% below baseload…
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Renewable pipeline shows evidence of developer appetite

Renewable pipeline shows evidence of developer appetite: Research from Cornwall Insight’s Renewables Pipeline Tracker reveals there is ample evidence of developer appetite for future renewables investments in the UK.   The research highlights the total capacity of tracked sites in the pipeline stands at 38.7GW across 845 locations. The majority of projects are classed as…
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Flexible asset PPA capacity and competition increases

Flexible asset PPA capacity and competition increases: The Power Purchase Agreement (PPA) market for flexible assets* in the last six months has grown in size and seen increased levels of competition as new off takers and optimisers make themselves known in the market.   Based on Capacity Market (CM) agreements, there is ~4.8GW of flexible…
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