British Utilities

GB sees largest renewable energy auction at low prices

7th July 2022

auction, BEIS, CFD, Cornwall Insight, cost of living crisis, Finance & Markets, Infrastructure, renewable capacity, Renewable energy

auction, BEIS, CFD, Cornwall Insight, Cost of living crisis, Finance & Markets, Infrastructure, renewable capacity, Renewable energy

GB sees largest renewable energy auction at low prices: Today, the government released the results for the fourth round of the Contracts for Difference (CfD) scheme, securing a record 11GW’s of renewable capacity across 93 projects, nearly double the 5.8GW awarded in the 2019 Allocation Round 3. The greatest capacity – almost 7GW – has…

8GW of onshore & solar already eligible to bid in CfD AR4

8GW of onshore & solar already eligible to bid in CfD AR4 : The latest figures from Cornwall Insight’s ‘Renewables pipeline tracker’ shows that both the onshore wind and solar pipeline continue to grow. Cornwall Insight calculates a Contracts for Difference (CfD) Allocation Round 4 (AR4) eligible solar pipeline of ~3GW, up by ~1.8GW on…

Network & policy reforms affect private wire arrangements

Network & policy reforms affect private wire arrangements: In recent years, many businesses have been able to save money by consuming power generated from their own sites. Many of these savings have arisen because some network and policy costs are avoided in comparison to purchasing electricity off the grid. As a result, these private wire…

48.9GW of new renewables projects in the scoping stages

48.9GW of new renewables projects in the scoping stages: Renewables projects labelled as “scoping” currently represents 50% or 48.9GW of the total viable pipeline capacity*, according to the latest analysis from Cornwall Insight. Of this 48.9GW “scoping” total, 38.6GW is from offshore wind, 5.0GW from battery projects, 3.0GW from onshore wind and 1.5GW from solar…

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.…

Cornwall Insight PPA Market share survey

18th May 2021

Heather Trudeau

businesses, CFD, Contracts for Difference, Cornwall Insight, Efficiency & Environment, energy market, Finance, PPA, Renewable energy

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…

Offshore wind spurs generation placed under CfD scheme

Offshore wind spurs generation placed under CfD scheme: Research from Cornwall Insight shows that the role of Contracts for Difference (CfD) generators in the electricity market continues to expand, and Allocation Round 4 (AR4) to be held later in 2021 will only expand this role further. Key findings 2GW of installed capacity supported by the…

Pipeline for renewable energy & storage projects up 86GW

13th April 2021

Heather Trudeau

CFD, Cornwall Insight, crown estate, onshore wind, Renewable energy, ScotWind, solar PV

CFD, Cornwall Insight, crown estate, onshore wind, Renewable energy, scotwind, solar pv

Pipeline for renewable energy & storage projects up 86GW: The latest figures from Cornwall Insight’s Renewables Pipeline Tracker reveal the pipeline of renewable energy and storage projects across England, Scotland and Wales currently stands at 86GW. The research also shows 40.6GW of sites are classified with a development status of “scoping”. This is where sites…

Brexit impacts | Divergent electricity prices

27th January 2021

Heather Trudeau

Brexit, CFD, Contracts for Difference, Cornwall Insight, electricity, energy market, eu, Europe, GB, Great Britain, interconnector, UK

Brexit, CFD, Contracts for Difference, Cornwall Insight, electricity, energy market, eu, Europe, GB, Great Britain, interconnector, Trading, UK

Brexit impacts | Divergent electricity prices: Since the start of the year, as a result of Brexit, Great Britain‘s (GB’s) internal and cross-border trading has been temporarily decoupled from European power exchanges. This is expected to result in less efficient trades; interconnector flows and divergent electricity prices between power exchanges. Research from Cornwall Insight examining…

Cornwall Insight on Capacity Market prequalification

Cornwall Insight on Capacity Market prequalification: On 11 December the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. The headline figure from the prequalification register is 54.0GW of de-rated capacity has prequalified for the T-4 auction against a target of 41.2GW. However,…

CFD

GB sees largest renewable energy auction at low prices

8GW of onshore & solar already eligible to bid in CfD AR4

Network & policy reforms affect private wire arrangements

48.9GW of new renewables projects in the scoping stages

Market for new-build renewables doubtful to meet net zero

Cornwall Insight PPA Market share survey

Offshore wind spurs generation placed under CfD scheme

Pipeline for renewable energy & storage projects up 86GW

Brexit impacts | Divergent electricity prices

Cornwall Insight on Capacity Market prequalification

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