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Network & policy reforms affect private wire arrangements

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…
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48.9GW of new renewables projects in the scoping stages

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…
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High wholesale prices & negative pricing expected to grow

High wholesale prices & negative pricing expected to grow: Research from Cornwall Insight’s Benchmark Power Curve, which forecasts the power market to 2045 under different net zero scenarios, highlights volatility in the wholesale power market is set to increase. Its central case scenario predicts that the standard deviation of hourly wholesale prices could reach £41.8/MWh…
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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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Brexit impacts | Divergent

Brexit impacts | Divergent electricity prices

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…
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Current offshore wind pipeline falls short of 40GW by 2030

Current offshore wind pipeline falls short of 40GW by 2030

Current offshore wind pipeline falls short of 40GW by 2030: Latest figures from Cornwall Insight’s ‘Renewables pipeline tracker report‘ show that even if all current offshore wind sites with leasing are developed in the coming years, total offshore wind capacity would only reach 29.7GW by 2030. The report currently tracks 22 sites across both floating…
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Up to 17GW of renewables eligible for CfD AR4

Up to 17GW of renewables eligible for CfD AR4: Cornwall Insight’s Renewable Pipeline Tracker service has examined the potential capacity that could enter the Contract for Difference (CfD) Allocation Round (AR) 4, with the analysis showing there is currently 17GW* of technologies likely to be eligible to bid. This analysis is based on Cornwall Insight’s…
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Government to support 12GW renewable energy capacity

Government to support 12GW renewable energy capacity: The government has laid out plans for the upcoming round of support for renewable energy projects covered by its flagship Contracts for Difference (CfD) scheme. It looks to double the volume of renewable energy from the 5.8GW accomplished in the previous round to up to 12GW when the…
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This winter could see 1.3GW of new wind come online

This winter could see 1.3GW of new wind come online: Forecasts using Cornwall Insight’s Renewables pipeline tracker report shows that a total of 1.3GW of new wind capacity could come online this winter. This is ~5% rise in total capacity, which could reach 25.4GW. The below graph highlights the forecast growth of wind capacity to…
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