On 19 January 2022, a webinar hosted by Cornwall Insight in partnership with the law firm Weightmans focused on routes to market for renewable projects that may not secure a contract during the fourth allocation round of the ‘Contracts for Difference’ (CfD) auction, which opened in December 2021. In the absence of the revenue certainty provided by a contract with a credit-worthy counterparty such as the government, developers have to find alternative business models to mitigate uncertainty, such as utility power purchase agreements (PPAs) and corporate PPAs, accepting various degrees of merchant risk. Our event considered the options available for developers and investors, based on asset type, connection and potential revenue streams. The recording is available here.
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Regulation and policy
Government Announces Record Budget for Contracts for Difference Allocation Round 6
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Low carbon generation
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Regulation and policy
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Net zero corporates and ESG
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In our recent insight paper “Race to net zero: Rebuilding investor confidence in the UK”, published on 30 November, we discuss how increased macroeconomic pressures and rising international competition for capital have impacted the UK’s ability to secure investment in renewables and maintain momentum towards net zero. We also investigate...
Low carbon generation
Understanding the evolution of the Irish electricity markets
The Irish electricity sector has undergone significant change in recent years. The Integrated Single Electricity Market (I-SEM) arrangements introduced in 2018 fundamentally transformed the market framework to maximise competition, facilitate electricity wholesale trading, and incentivise the development of low-carbon generation sources. In parallel the physical system continues to evolve rapidly....
Net zero corporates and ESG
Long-term regulatory and policy changes needed to avoid stalls to business decarbonisation
In light of the financial pressures faced by businesses from rising inflation and interest rates, tight supply chains and labour markets, alongside high energy bills, there is a high chance corporate investment in decarbonisation could be in trouble. In Cornwall Insight's latest Insight paper “Business net zero: Making progress in...
Commercial and market outlook
Winter 2023-24 price cap forecasts fall further below 2022-23 EPG, but long-term prospects remain uncertain
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