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Renewable generation
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Announcement
Offshore wind now appears in latest ISP
The ISP also forecasts that greater flexible gas generation is needed From Cornwall Insight Australia's Energy Market Alerts service Offshore wind officially appears in the draft 2024 ISP due to state-based offshore wind targets. Figure 1 below from our latest Energy Market Alert, shows the variance in forecast generation between...
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Announcement
Capacity Investment Scheme boosted from 6GW to 32GW
From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...
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Low carbon generation
RESS 3 consultation: DECC is listening, but the true test will be in the detail of the solutions incorporated
The Department of the Environment, Climate and Communications (DECC) published the consultation for the third round of the Renewable Electricity Support Scheme (RESS 3) on 28 October 2022. Some of the issues drawn out in the consultation is a testimony that DECC has its ears on the ground and is...
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Low carbon generation
RESS 2 by numbers
Last Friday, RESS 2 auction results were published, with nearly 2GW of new renewables projects successful in getting awarded a contract. We have put together an infographic that explains the auction outcome and what these projects will bring to our electricity system. We have also released a report with Wind...
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Low carbon generation
Are renewables the answer to Ireland’s energy crisis?
The current crisis in the energy markets may seem like it’s all doom and gloom, every week another electricity or gas supplier announces a price hike with the consumer powerless, at the whim of the global commodity prices. However, offshore wind presents a unique opportunity for Ireland, to both decarbonise...
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Low carbon generation
New policy measures needed to drive renewable generation
Published on 24 August, a new report by Energy Storage Ireland and the Irish Wind Energy Association (IWEA) called for action to strengthen Ireland’s electricity grid. The second of a series of four studies which make up the government’s 70 by 30 Implementation Plan, Saving Power outlines how to minimise dispatch down and increase the use...
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Low carbon generation
Green Certificate Survey results | high availability, low demand, low prices
The value for Green Certificates has fallen dramatically according to our quarterly Green Certificate Survey. The survey takes a snapshot of the Green Certificate market providing pricing views and trends for Renewable Energy Guarantees of Origin (REGO), Guarantees of Origin (GoOs) and Renewable Gas Guarantees of Origin (RGGO) certificate markets....
