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1/3 Brits are eager

Irish forecast Q2 2022 All-Island Power Market Outlook

Irish forecast Q2 2022 All-Island Power Market Outlook: Cornwall Insight‘s newest All-Island Power Market Outlook to 2030 report gives a taster of the insights from its Q2 All-Island Forward Curve report. Changes to the SEM, GB and European Markets during the last quarter have been included into its models, containing delays in commissioning and new…
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ACWA Power signs deal for 1.1GW Egypt wind project

ACWA Power signs deal for 1.1GW Egypt wind project: The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit to Egypt Project marks ACWA Power’s expansion in the country…
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Renewables developers have to raise bids to for protection

Renewables developers have to raise bids to for protection: Cornwall Insight & Wind Energy Ireland analysis has discovered that renewable developers in Ireland are being driven to place auction bids for projects which greatly surpass many other European countries, so that they can guard themselves against several financial risks. Which will cause rising consumer bills…
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SSE purchases Siemens Gamesa’s wind energy portfolio

SSE purchases Siemens Gamesa’s wind energy portfolio: SSE Renewables has transacted with Siemens Gamesa to be the owner of a 3.9GW wind power portfolio. Onshore wind projects in Spain, France, Italy and Greece are some of the assests included. The €580m (£483m) contract between the 2 businesses will additionally include a total of about 40…
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Energy prices to remain well above average up to 2030 +

Energy prices to remain well above average up to 2030 +: Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually. This is significantly above the five year pre-2021 historic average of £50/MWh in Winter and the even lower prices…
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Onshore wind decline may add £125 more to energy bills

Onshore wind decline may add £125 more to energy bills: Customers’ energy bills might take another hit if the growth of the UK’s onshore wind is stalled. The Energy and Climate Intelligent Unit (ECIU) predicts that if onshore wind remained at 20GW and did not reach the provisional target of 30GW by 2030, the 10GW…
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Solar pipeline has grown 298% since 2020

Solar pipeline has grown 298% since 2020: Between April 2020 and March 2022 Cornwall Insight‘s Renewables Pipeline Tracker report has shown the total capacity of solar PV projects classed as either “application submitted” or “awaiting construction” has increased by 298%, while the equivalent for onshore wind has risen by 17%. This overall growth translates into…
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Potential plan to quadruple the UK’s offshore wind farms

Potential plan to quadruple the UK’s offshore wind farms: Reportedly thinking to quadruple the UK’s offshore wind based power production is just a part of the government’s plan to secure the country’s energy supply by reducing our dependance on imports which have been prioritised with the current energy crisis and the Ruso-Ukrainian war. The delays…
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Energy bills for homes near Nuclear Power plants Lower?

Energy bills for homes near Nuclear Power plants Lower?: Homes closer to nuclear power plants and wind farms could get lower energy bills. We have been told that the government is supposedly publishing its Energy Security Strategy (ESS) this week – the new plan is likely to have a clear goal of increasing renewable and…
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£285m of government funding earmarked for renewables

£285m of government funding earmarked for renewables: Applications for the government’s largest ever Contracts for Difference (CfD) auction have closed with applicants competing for a slice of £285mn a year worth of investment in a wide range of both established and less established renewable technologies. Allocation Round (4) is loosely aiming to secure around 12GW…
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