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contracts for difference
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Press Releases
Government’s renewable targets at risk as auction sees no bids for offshore wind
The government has today unveiled the results of its fifth Contracts for Difference (CfD) auction (AR5), securing 3.7GW of renewable capacity. This is a marked reduction from last year’s secured capacity of 11GW, with government renewables targets potentially at risk. The auction, which saw developers able to bid on a...
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Press Releases
Cost of grid supplied electricity making decarbonisation of heat generation unviable says joint report
Cornwall Insight and the Confederation for Paper Industries (CPI) have today released a joint report examining the barriers energy intensive industries are facing in their attempts to decarbonise their heat supply. The report, while focusing on paper industries, reflects the experience many energy intensive industries are facing as they look...
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Press Releases
£285mn of government funding for renewables but strong competition means developers are considering alternative options
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 of new...
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Media Mentions
Renewable Energy Magazine | 8 GW of wind eligible for CfD AR4
Cornwall Insight's research on the Contracts for difference (CfD) scheme featured in Renewable Energy Magazine. The research shows that eligible solar pipeline of ~3 GW, up by ~1.8 GW on the same time 12 months ago, with CfD eligible onshore wind capacity at ~5 GW, up by around 1 GW...
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Press Releases
48.9GW of new renewables projects currently 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 PV. This includes some...
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Media Mentions
Daily Express | Scottish policy
James Brabben Wholesale Manager at Cornwall Insight was quoted in the Daily Express discussing renewable energy in Scotland. He explained there may be issues on the energy agenda Scottish politicians would like to control, but that might not be possible because policies are made elsewhere. Discussing the Contracts for Difference...
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Press Releases
High wholesale prices and negative pricing events forecasted 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 by 2030. In the...
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Media Mentions
Engerati | Wind pipeline misses target
Our figures showing the total offshore wind capacity would reach only 29.7GW by 2030 was featured in Engerati Assuming all prospective sites with seabed leasing are built, the current pipeline will fall well short of the 40GW by 2030 target recently reiterated by government. In fact, this would start falling...
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Press Releases
A glimpse into the future of wholesale power
Over the Easter holidays, the UK bathed in warm sunshine and as a result, the GB wholesale power market experienced a series of notable events, some that would have once been rare. High levels of embedded solar generation reduced the need for grid-connected energy production, causing the minimum daytime demand...
