In this insight paper:
In light of delayed RESS-2 auctions in Ireland, and the prospect of buying constraints in the next CfD auction (for established technologies) leading to many disappointed developers, the question of whether “merchant” project development is viable will soon be occupying the minds of our customers in both Ireland and Great Britain. In fact, we know from work we are already doing in both markets that this question is more than just theoretical, as we work consultatively with developers who are starting to make choices about projects they have steered through the long game of grid and planning, where they are now hungry to start seeing returns.
To move this debate beyond power market modelling, conjecture, and theory, we conducted survey-based research in May to illuminate what type of merchant onshore wind projects are most likely to succeed, and what the implications might be for the developers who take them forward.
In this short insight paper we discuss our five key findings, based on our recent research.