offshore wind

  • Energy storage and flexibility

    Out with the old, in with the new: T-4 Capacity Market clears at record price

    On 21 February, the T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43,000.955MW of capacity. In this week’s 'Chart of the week', we explore the key takeaways from the auction.

  • Power and gas networks

    Push to meet renewables targets intensifies charging differences in GB

    Higher transmission costs for generators in Scotland have been a feature of the GB electricity market since the introduction of cost reflective pricing, but with the ambition to increase generation levels from offshore and onshore wind and meet Net Zero generation targets, this is likely to increase. In this week’s...

  • Low carbon generation

    Building up the road to the coast – can we deliver energy from Gippsland’s offshore wind?

    On 19 December 2022, the Federal Minister for Climate and Energy officially declared the area in Bass Strait off the Victorian Gippsland Coast suitable for offshore wind. The declared area covers approximately 15,000 square kilometres, from Lakes Entrance in the east to south of Wilsons Promontory in the west. Based...

  • Low carbon generation

    Waiting On the [Wind] to Change: A look-back on wind load factors in 2021-22

    In our work across the renewables space, wind output and its impact on Renewables Obligation Certificate (ROC) issue has featured frequently in discussion with colleagues and market participants alike over the course of Compliance Period (CP) 20 (2021-22). In this 'Chart of the week', we examines wind load factor trends...

  • Low carbon generation

    Lower energy prices? More than just hot air

    The Victorian Government launched Australia’s first offshore wind targets as part of its transition towards a net-zero emission future. According to the target, 9GW of offshore wind will be installed by 2040, nearly quadrupling the total wind capacity in VIC. In this Chart of the week, we dive into the...

  • Low carbon generation

    Australian Chart of the week | Going for green: record level of wind generation in the NEM

    In the spirit of the Australian Olympic team, instantaneous wind generation in the National Energy Market (NEM) reached new heights during a blustery end to July. Output hit a record 6,427MW at 8:05 pm on 25 July, after breaking 6,000MW for the first time just the day before. In this...

  • Low carbon generation

    Australian Chart of the week | Examining Victoria’s recent wind drought

    This ‘Chart of the week’ examines the recent spell of low wind generation in Victoria and associated elevated prices. Previously, ‘Chart of the week’ issue 78 highlights the risk of wind droughts within the National Electricity Market (NEM) due to the high correlation of wind fronts both within states and...

  • Low carbon generation

    Chart of the week | Market design concepts for offshore wind farms

    The European Network of Transmission System Operators for Electricity (ENTSO-E) published a position paper on offshore wind development in October, where it advocated applying a holistic perspective when choosing the market design concept for integrating large amounts of offshore wind generation. ENTSO-E considered three perspectives on market design: Market design...

  • Low carbon generation

    Chart of the week | What might compete in upcoming Capacity Market auctions?

    The next round of Capacity Market (CM) auctions are set to take place in March 2021, starting with the T-1 (Delivery Year 2021-22) on 2 March followed by the T-4 (Delivery Year 2024-25) on 9 March. The prequalification window for these auctions have been open since 20 July 2020 and...

  • Low carbon generation

    Chart of the week | I’ve got the (re)power: extensions & repowering in onshore wind

    With the release of our latest Renewables Pipeline Tracker Report, this week’s 'Chart of the week' analyses the report findings for repowering and extensions of onshore wind sites in GB. This sector of the market has not as yet seen the same attention from policymakers as new build. However, without...

  • Low carbon generation

    Chart of the week | Offshore wind – OFTO the bank

    With the Government recently announcing the offshore transmission network review, this Chart of the Week takes a look at the recent trends in the OFTO tender process. The OFTO regime was established in 2009 by the Government and Ofgem. In many countries, responsibility for constructing and operating offshore electricity transmission...

  • Low carbon generation

    Chart of the week | Get a load of this! Wind output in January 2020

    January 2020 was a groundbreaking month for renewables due to high wind performance. Consequently, National Grid ESO announced Great Britain's electricity system in January was the greenest on record. This week's Chart of the week discusses the record-breaking performance of wind. As well as its effect on onshore and offshore...

  • Low carbon generation

    Chart of the week | Turning on the tap: the renewables pipeline

    This week's Chart of the Week looks at the updated Renewable energy Planning Database (REPD) which tracks the progress of new renewables projects through the planning system. The data is often used to quantify the pipeline of new renewables capacity that could come forward. Our chart gives the capacity of onshore wind...

  • Low carbon generation

    Chart of the week | Tipping the cap: analysis of competition for CfD AR3

    Qualification for the third allocation round (AR3) of the Contracts for Differences (CfDs) low-carbon support scheme is due to commence on 29 May.  BEIS announced in November 2018 that participants in AR3 would be competing for an annual budget of £60mn, with successful bidders expected to commission in delivery years...

  • Low carbon generation

    Chart of the week | Offshore wind: taking up the load

    In this week's Chart of the Week we discuss BEIS releasing its Allocation Framework for CfD Round 3 (AR3) on 21 January 2019, which included a new load factor for offshore wind of 58.4%. This compares to 47.7% for AR2 and 37.7% for AR1 in 2017 and 2014 respectively, marking significant anticipated improvements...