Market for new-build renewables doubtful to meet net zero

Market for new-build renewables doubtful to meet net zero: The current market and options available for new-build renewables are inadequate to keep the UK on track to its net zero target. According to National Grid Future Energy Scenario (FES), the UK needs approximately 87-113GW (scenario dependent) of renewables capacity by 2030 and 197-231GW by 2050.…
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REGO higher | Cornwall Insight Green Certificates survey

REGO higher | Cornwall Insight Green Certificates survey

REGO higher | Cornwall Insight Green Certificates survey:  Renewable Energy Guarantees of Origin (REGOs) prices are on the rise, according to the latest results from Cornwall Insight’s Green Certificates survey. In fact, reported average REGO prices have increased for Fuel Mix Disclosure (FMD) years 2020-21 up to 2023-24, with averages up to 50% higher than…
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Cornwall Insight PPA Market share survey

Cornwall Insight PPA Market share survey: The Power Purchase Agreement (PPA) market for renewable assets continues to be highly competitive, according to the latest survey results from Cornwall Insight’s PPA insight service. In fact, the PPA market for renewable generation assets has seen a significant rise in the £/MWh value achieved by generators, particularly in…
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EON & RWE sign PPA for Humber Gateway wind farm

EON & RWE sign PPA for Humber Gateway wind farm: EON UK has endorsed a power purchase agreement (PPA) with RWE Renewables for 100% of the electricity created by the Humber Gateway Offshore Wind Farm. The agreement comes into effect from 2022 until 2035 and contains the Renewables Obligation Certificates (ROCs) from the plant. Humber…
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Competition for flexible asset PPA deals on the rise

Competition for flexible asset PPA deals on the rise: The capacity of non-traditional flexible generation technologies is increasing substantially in GB, and in parallel, the market for trading and optimising such assets continues to develop. Cornwall Insight’s latest research shows there is ~10.8GW* of operational flexible capacity across front-of-the-meter gas and diesel engines, battery storage,…
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INEOS inks offshore wind power deal with ENGIE

INEOS inks offshore wind power deal with ENGIE: INEOS and Engie have struck a 10-year wind power purchase agreement (PPA) for heavy industry in Belgium. The equivalent of taking 100,000 cars off the road each year, the 84MW deal is expected to reduce INEOS’ carbon footprint by around 1.1 million tonnes of CO2 emissions. It…
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