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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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Irish electric vehicles sales lag behind 2030 target levels

Irish electric vehicles sales lag behind 2030 target levels: Research into Irish electric vehicle (EV) uptake by Cornwall Insight Ireland shows that EV sales are up 53% year-to-date. However, this still lags behind the Irish government’s Climate Action Plan 2019. The plan set a target to have 950,000 EVs on the road by 2030. The…
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Cornwall Insight comments on 52% growth in EV charging

Cornwall Insight comments on 52% growth in EV charging devices: At the end of 2019, there were ~17,000 public electric vehicle (EV) charge points, over 29,000 connectors, and over 10,500 charging locations recorded on Zap-Map. Research shows that there was a 52% increase in the number of charging devices in 2019 compared with 2018. Within…
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Record EV sales break National Grid’s scenario

Record EV sales break National Grid’s scenario. Electric vehicle (EV) sales bucked the overall 2019 trend of falling car sales with figures from the Society of Motor Manufacturers (SMMT) showing that battery electric vehicles (BEVs) registrations have risen by 144% to 37,850. According to further research from Cornwall Insight on these figures, the BEV sales…
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New Balancing Mechanism entrants expected

New Balancing Mechanism entrants expected: National Grid ESO’s project Wider Access – a project to increase accessibility to the Balancing Mechanism (BM) – is scheduled to go-live on 11 December 2019. Cornwall Insight has reviewed the recent activity of aggregated units and batteries in the BM and what impact this project will have on new…
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Market share of electric vehicles doubles in FY20

Market share of electric vehicles: In a landscape of stagnating new car sales, electric vehicle (EV) sales have soared. With further analysis by Pixie Energy on the Society of Motor Manufacturers and Traders (SMMT) figures* showing the market share of EVs almost doubling in the first half of the Financial Year FY20. The below graph…
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Electric vehicles set to pass National Grid’s projections

Electric vehicles set to pass National Grid’s Consumer Evolution projections. Data published by the Society of Motor Manufacturers and Traders (SMMT) last week saw battery electric vehicles (BEV) record their largest-ever monthly share of new car registrations in August 2019. Further research into these figures by Cornwall Insight shows that at the current pace of…
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