Forecasts from our ‘Benchmark power curve’ suggesting 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 Icon.
The net zero target is defining the shape of the future power market in terms of absolute value and volatility.
This is certainly true in the period to the 2030s before we see material changes in power demand from widespread electrification in heat and transport.
James Brabben, Wholesale Manager
