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Onshore wind
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Press Releases
Cornwall Insight responds to the ESO ‘Beyond 2030’ report
Tom Faulkner, Head of Assets & Infrastructure and Networks at Cornwall Insight: “The report lays out the essential grid investments required to keep pace with the escalating electricity demand fuelled by the widespread adoption of heat pumps and electric vehicles. “With our sights set on a secure, low-carbon electricity grid...
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Press Releases
Germany to miss coal phase-out target by eight years
Germany's energy system is not expected to fully retire coal until the end of 2038 according to new projections. This challenges the coalition government’s commitment to phase-out coal by the end of the decade. The modelling, from Cornwall Insight’s North West Europe Benchmark Power Curve, casts doubt on Germany’s energy...
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Press Releases
Supporting renewables good for consumers
A new Cornwall Insight and RenewableNI report sets out how supportive Department for the Economy (DfE) policy can reduce the renewable electricity cost for consumers. ‘Supporting Renewables - Understanding policy impact on the cost to the consumers of renewable development in Northern Ireland’ investigated how DfE’s renewable electricity support scheme...
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Media Mentions
The Energyst| Investment in renewables
Following the release of our Insight Paper ‘Race to net zero: Rebuilding Investor confidence in the UK’ Jamie Maule was interviewed in the Energyst. He highlighted concerns about international competition potentially hampering investments in UK renewables. He said, the UK isn't a lost cause, but we need sustained, long-term policies to...
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Press Releases
Higher strike prices set stage for more competitive renewables auction
Commenting on the publication by the government of the rise in Administrative Strike Prices (ASPs) for the Contract for Difference Allocation Round 6: Tim Dixon, Senior Consultant, at Cornwall Insight: “The government's decision to boost strike prices ahead of next year’s renewables auction is a significant enhancement that will be...
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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
Ireland must accelerate renewables expansion to avoid falling short on climate targets
Analysis conducted by Cornwall Insight Ireland has unveiled that Ireland must significantly increase its renewable’s procurement efforts if it is to meet its ambitious Climate Action Plan 2023 (CAP23) targets. Cornwall Insight’s All-Island forward curve analysis indicates that an additional capacity of nearly 1GW must be secured at every eligible...
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Press Releases
Soaring cost of capital threatens to derail expansion of renewable energy projects
The rising cost of capital faced by developers of renewable energy projects, such as onshore wind and solar PV, may slow down the number of new projects and cause some already commissioned projects to become financially unviable. Data from Cornwall Insight’s report into capital costs and their impacts on the...
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Press Releases
Delays to onshore wind investment increase long-term power prices
Note: Cornwall Insight Ireland release the 'All-Island Power Market Outlook 2023' on a quarterly basis. The increase in long-term power prices refers to the comparison with our Q3 Power Market Outlook released in October 2022. Data from Cornwall Insight Ireland’s fourth - ‘All-Island Power Market Outlook to 2030’ – has...
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Press Releases
Co-location of energy could significantly cut the cost of expanding renewables
A new report from Cornwall Insight and national law firm Weightmans on the co-location of energy assets, entitled “Co-location, co-location, co-location”, has laid out the significant cost savings of using one grid connection for multiple renewable generation or storage assets. The report outlines how co-location could incentivise the development of...
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Press Releases
Imposing a windfall tax on renewables generators would be disproportionate to profits
The share price data of Oil and Gas companies (O&G), large electricity generators (GenCos), and Listed Renewable Funds, analysed by Cornwall Insight, has shown extending the windfall tax to include renewable generators would be disproportionate and unfair given the difference in profit. Cornwall Insight have also warned the impact of...
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Press Releases
Increase in renewables sees winter energy prices drop below historic average by 2027
Data from Cornwall Insight Ireland’s third 2022 - ‘All-Island Power Market Outlook to 2030’ - has forecast Ireland is set to reach its 80% renewable target by 2030, with the increased energy security helping to stabilise the market and lower long-term energy prices. The report covering both Northern Ireland and...
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Press Releases
Cap on the excess revenues of renewable generators risks deterring investment
In response to the announcement of a consultation on a Cost-Plus-Revenue Limit which will put a cap on all excess revenues renewable generators are receiving. Tom Faulkner, Head of Assets and Infrastructure and Networks at Cornwall Insight said: “The introduction of a cap on the revenues of renewable generators is...
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Press Releases
The UK must provide more certainty to investors as it pushes forward with decarbonisation and energy security
New research from Cornwall Insight and Transatlantic law firm Womble Bond Dickinson has laid out what the UK government must do to achieve an affordable, sustainable and secure energy system and reach its goal of Net Zero by 2050. The report ‘UK and the energy transition: Leading the way?’ analysed...
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Press Releases
UK Government must spend £20bn on energy battery storage to meet 2030 renewables targets
Modelling from Cornwall Insight on Great Britain’s (GB) Power Market out to 2030 has shown that between 2025 and 2030 the government must spend nearly a fifth (18%) of its total energy technologies investment, which includes solar, wind, nuclear and Carbon Capture and Storage (CCUS), on energy storage batteries, if...
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Press Releases
Cornwall Insight’s response to the Queen’s Speech
Gareth Miller, CEO at Cornwall Insight: ”The Energy Bill proposed in the Queen’s Speech today is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates support for the government’s preferred production technologies alongside more recent...
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Press Releases
Energy prices to remain significantly above average up to 2030 and beyond
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 in pre-2021 Summer. Cornwall Insight’s Benchmark...
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Press Releases
Cornwall Insight responds to the publication of the energy strategy
Gareth Miller, CEO at Cornwall Insight said: “The Energy Security Strategy is a very political document that raises as many questions as it answers. There are clear favourites and as much can be read in to what is in the Strategy as what is not. 15 months on from the...
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Press Releases
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 an average...
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Press Releases
Summer energy prices in Ireland to remain above seasonal average until 2029
Research from Cornwall Insight looking at the All-Island Power Market outlook to 2030, has shown that gas prices across both Northern Ireland and the Republic of Ireland will vary significantly between the seasons, with the summer months seeing much higher prices, despite the lower demand. Between 2022 and 2030 modelling...
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Media Mentions
Energy News Live | Merchant onshore wind
Our insight paper on the viability of merchant finance in onshore wind was quoted on Energy News Live. Fully merchant onshore wind is unviable to most investors and will not lead to mass capacity, with only 7% of those surveyed considering a fully merchant onshore wind project financially viable. Daniel Atzori, Research...
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Press Releases
Minimal wind generation in Victoria highlights the importance of good interconnection
According to the latest research from Cornwall Insight Australia, the minimal wind generation observed at the beginning of July in Victoria highlights the importance of good interconnection between states as variable renewable energy (VRE) grows. Figure 1 shows the half-hourly generation by technology within Victoria over the second week of...
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Press Releases
Renewable merchant finance unlikely to lead to mass capacity additions
Merchant finance for renewables projects is unlikely to lead to mass capacity additions to the generation fleet, according to the latest insight paper from Cornwall Insight - Merchant renewables still face challenges. To gauge the market's temperature, Cornwall Insight surveyed 258 individuals across the industry on what type of merchant...
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Press Releases
Incidents of price cannibalisation of renewable assets on the rise
Research from Cornwall Insight Australia shows that the growth of variable renewable energy (VRE) generation significantly impacts their captured price. In fact, in FY18, 98% of the grid-scale solar generation volumes captured prices above $50/MWh. However, this has reduced to 12% in FY21. On top of this, wind and solar...
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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
The Scottish Sun | Scottish renewable pipeline
Cornwall Insight's renewable pipeline analysis featured in The Scottish Sun today. Our 'Renewables pipeline tracker', the majority of districts across the UK have shown a total increase in the capacity for the accommodation of renewable energy onshore in the last year. Central and Southern Scotland in particular shows a notable...
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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
Scotland sees the largest increase in renewable pipeline capacity
According to Cornwall Insight's 'Renewables pipeline tracker', most regions across Great Britain (GB) showed a net increase in total pipeline capacity between April 2020 and March 2021. Displayed by distribution network operator (DNO) region for visualisation purposes and accounting for projects due to connect to the transmission network, Central and...
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Press Releases
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 unique tiering system in...
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Press Releases
Ireland will need to more than double its renewable capacity over the next 25 years to meet 2050 targets
Findings from Cornwall Insight's 'All-Island forward curve' – a comprehensive market and asset-level power price modelling service – shows that Ireland will need to more than double its renewable capacity over the next 25 years if it is to meet net zero emissions by 2050. The below table shows how...
