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renewable
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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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Media Mentions
Power Engineering International | UK renewables won’t meet 2050 target
The current market and options available for new-build renewables are inadequate to keep the UK on track to meet its net-zero target commented Tim Dixon Team Lead at Cornwall Insight in Power Engineering International. Our research shows a rate of subsidy-free Corporate Power Purchase Agreement (CPPA) and utility Power Purchase...
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Media Mentions
Current | Demand for flexibility
More than 1.3GW of flexibility may be required across the UK’s electricity grid next year. Especially, as the country accelerates the transition to renewable energy. We predict that the dynamic service, which supports the network during faults, will need 636MW of flexibility by 2021. Distributed network operator (DNO) Western Power Distribution...
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Media Mentions
reNEWS | Support for green tariffs
Our latest research has revealed that 38% of UK consumers claim to have renewable energy tariffs for their homes. Additionally, just over half (51%) expect to choose these the next time they change tariff. In partnership with Alpha Real Capital, the survey found 26% of respondents are prepared to pay...
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Media Mentions
Business Green | The energy white paper
Our CEO Gareth Miller shared his thoughts on the Energy White Paper with Business Green. The Energy White Paper maps out the biggest change to the energy markets since the Electricity Act of 1989. Many of the headlines will focus on policy for investment, and carbon pricing with plenty in that builds on the 10-point plan and National Infrastructure Strategy....
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Media Mentions
Insight Energy | 17GW potential for CfD AR4
Our 'Renewable Pipeline Tracker service' which examined the potential capacity that could enter the Contract for Difference Allocation Round 4 was featured in Insight Energy today. Recent announcements by BEIS have confirmed the CfD AR4 auction will take place in 'late 2021' and will look to procure up to double the ~6GW seen...
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Media Mentions
The Guardian | Coal plants used
Tom Edward Senior Modelling Consultant spoke to The Guardian about the coal-fired plants being fired up in the UK. The supply squeeze had caused market prices for electricity generated in the early evening, when electricity demand typically spikes, to climb to over £313 per megawatt hours (MWh).Renewable electricity is in...
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Media Mentions
Greentech Media | Renewables and market prices
Tom Edwards Senior Modelling Analyst shared his thoughts on renewables and why European power prices have yet to see a significant fall in Greentech Media. There are several reasons for this including renewables still account for a relatively small proportion of generation. Tom explains that there’s another, more important factor...
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Media Mentions
Energy Monitor | Investment flows
Daniel Atzori Research Partner at Cornwall Insight discussed foreign direct renewable energy investment with Energy Monitor These numbers are certainly impressive, though not entirely surprising. Through its EU Green Deal and Recovery Fund, the bloc has shown a remarkable degree of commitment to the transition towards a climate-neutral Europe by...
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Media Mentions
Renewable Energy Magazine | Market design
Issues around the current electricity market design acting as a barrier to investment are explored in our latest insight paper – The net zero paradox: Challenges of designing markets to bring forward low marginal cost resources and featured in Renewable Energy Magazine. Inevitably, as we head closer towards a net zero...
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Media Mentions
Current | Costs of renewables fall
Tom Edwards, Senior Modelling Consultant at Cornwall Insight spoke to current on the costs of deploying renewable electricity continuing to fall. He explained how the figures also show that hurdle rates for solar and wind have come down since the 2016 report, “while hurdle rates for traditional thermal technologies remain...
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Media Mentions
PowerTechnology | More renewable technology required
Research from our market and asset-level power price modelling service ‘Benchmark power curve’, predicting that up to ~46GW of new-build renewable technology ̶ ~11GW onshore wind, ~10GW solar, and ~25GW offshore wind may need to be developed by 2030 was featured in PowerTechnology today. The net zero target is defining...
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Press Releases
Evaluating the T-3 Capacity Market auction
On Friday 31 January the EMR Delivery Body (National Grid ESO) published the provisional results of the T-3 Capacity Market (CM) auction for the delivery year 2022-23. The clearing price was £6.44/kW/year, the auction procured 45,058.8MW of de-rated capacity. Lee Drummee Analyst at Cornwall Insight takes a look at the...
