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windfarms
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Media Mentions
City AM| Windfarms delay contracts
Data collated by Cornwall Insight showed that offshore windfarms delaying the start of their CfD contracts with the government, could have made significantly greater profits since the start of 2022. Analyst Lee Drummee, spoke in City AM on why allowing for conscious delays from developers could be harming returns the...
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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
This winter could see 1.3GW of new wind come online
Forecasts using Cornwall Insight's 'Renewables pipeline tracker' report shows that a total of 1.3GW of new wind capacity could come online this winter. This is ~5% rise in total capacity, which could reach 25.4GW. The below graph highlights the forecast growth of wind capacity to March 2021. Lucy Dolton, Analyst...
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Press Releases
Renewable generator revenues fall due to COVID-19 lockdown
Research from Cornwall Insight’s Green Power Forecast reveals there has been a sharp decline in generator revenues. Solar and wind technologies have been particularly impacted by low demand levels due to the COVID-19 lockdown. Solar PV captured prices were, on average, 8.4% and 14.9% below baseload levels in March and...
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Press Releases
Renewable pipeline shows evidence of developer appetite
Research from Cornwall Insight’s Renewables Pipeline Tracker reveals there is ample evidence of developer appetite for future renewables investments in the UK. The research highlights the total capacity of tracked sites in the pipeline stands at 38.7GW across 845 locations. The majority of projects are classed as ‘awaiting construction’, accounting...
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Press Releases
Over 10GW of renewables projects could be competing in the next CfD round
The government announced the reinstatement of 'Pot 1' technologies – which includes onshore wind and solar PV - in the next Contracts for Difference (CfD) Allocation Round 4 (AR4) in 2021. Research from Cornwall Insight's Renewable Pipeline tracker highlights how competitive the AR4 auction could be, especially between 'Pot 1'...
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Press Releases
Western Link outage and high wind sees constraint cost hit a record high
The Western Link HVDC suffered an unplanned outage on 10 January, which caused it to remain offline until 8 February. This coincided with record-high levels of wind generation in GB with generation from transmission connected wind topping 6.3TWh. However, with 2.2GW of HVDC capacity unavailable, significant volumes of wind output...
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Press Releases
Highest offshore wind load factors recorded since 2015
Latest research from Cornwall Insight highlights that as a result of the elevated wind speeds experienced in January onshore wind load factors averaged 42% for the month, and older offshore sites (pre-2016) reached an average of 52%. Newer (post-2016) windfarms fared much better with offshore wind farms load factors averaging...
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Press Releases
Scottish wind farms called upon in the Balancing Mechanism
Management of wind resources is a critical tool for National Grid in dealing with system constraints, supply and demand imbalance and increasingly inertia*. Data from Cornwall Insight’s Balancing Mechanism (BM) Service highlights that wind was the first-most utilised renewable technology asked to turn down in the BM. Further analysis also...
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Press Releases
Offshore wind could beat onshore wind on cost, but planning restrictions are key
Currently, onshore wind is one of the cheapest sources of renewable power. However, without change to planning restrictions, Cornwall Insight has estimated offshore wind is likely to surpass onshore wind power to be the new source of cheap renewable energy in less than ten years. Offshore wind has seen significant...
