CfD

  • Press Releases

    48.9GW of new renewables projects currently in the scoping stages

    Renewables projects labelled as “scoping” currently represents 50% or 48.9GW of the total viable pipeline capacity*, according to the latest analysis from Cornwall Insight. Of this 48.9GW "scoping" total, 38.6GW is from offshore wind, 5.0GW from battery projects, 3.0GW from onshore wind and 1.5GW from solar PV. This includes some...

  • Press Releases

    Current market for new-build renewables doubtful in meeting net zero target

    The current market and options available for new-build renewables are inadequate to keep the UK on track to its net zero target. According to National Grid Future Energy Scenario (FES), the UK needs approximately 87-113GW (scenario dependent) of renewables capacity by 2030 and 197-231GW by 2050. That is an annual...

  • Media Mentions

    Daily Express | Sturgeon crushed as SNP struggle with economic case for independence

    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...

  • Press Releases

    High wholesale prices and negative pricing events forecasted to grow

    Research from Cornwall Insight’s Benchmark Power Curve, which forecasts the power market to 2045 under different net zero scenarios, highlights volatility in the wholesale power market is set to increase. Its central case scenario predicts that the standard deviation of hourly wholesale prices could reach £41.8/MWh by 2030. In the...

  • Press Releases

    Cornwall Insight PPA Market share survey | Increased interest and competition boost market

    The Power Purchase Agreement (PPA) market for renewable assets continues to be highly competitive, according to the latest survey results from Cornwall Insight’s PPA insight service. In fact, the PPA market for renewable generation assets has seen a significant rise in the £/MWh value achieved by generators, particularly in the...

  • Media Mentions

    Engerati | Current offshore wind pipeline falls short of 40GW by 2030 target

    The total offshore wind capacity would reach only 29.7GW by 2030. This takes into account even if all current offshore wind sites with leasing are developed in the coming years. The figures come from our latest report from our ‘Renewables pipeline tracker service’. The report currently tracks 22 sites across...

  • Press Releases

    Current offshore wind pipeline falls short of 40GW by 2030 target

    Latest figures from Cornwall Insight’s ‘Renewables pipeline tracker report’ show that even if all current offshore wind sites with leasing are developed in the coming years, total offshore wind capacity would only reach 29.7GW by 2030. The report currently tracks 22 sites across both floating and fixed foundation technologies, with...

  • Media Mentions

    Insight Energy | Up to 17GW of renewables eligible for CfD AR4

    Our 'Renewable Pipeline Tracker service' has examined the potential capacity that could enter the Contract for Difference Allocation Round 4. The analysis shows that there is currently 17GW* of technologies likely to be eligible to bid. This analysis is based on our unique tiering system which assesses viability based on...

  • Media Mentions

    Riviera | 17 GW of renewables – including at least 7.9 GW of offshore wind – eligible for AR4

    Of the total 17 GW eligible, almost half (7.9 GW) is offshore wind. The rest is 7.6 GW of ‘Pot 1’ established technologies and 1.4 GW of ‘Pot 2’ less established technologies. Pot 1 technologies have been re-integrated into the scheme for AR4. The analysis shows over 5 GW of...

  • Press Releases

    Up to 17GW of renewables eligible for CfD AR4

    Cornwall Insight’s Renewable Pipeline Tracker service has examined the potential capacity that could enter the Contract for Difference (CfD) Allocation Round (AR) 4, with the analysis showing there is currently 17GW* of technologies likely to be eligible to bid. This analysis is based on Cornwall Insight’s unique tiering system in...

  • Press Releases

    Renewable Energy World | Wind and solar back on the table for next UK CfD round

    Cornwall Insight's research was featured in Renewable Energy World. The calculations from the Renewable pipeline tracker revealed that 13 GW of the pipeline could potentially be eligible. This is split between 5.5 GW of ‘Pot 1’ technologies, 6 GW of offshore wind and a smaller proportion of ~1 GW for...

  • 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'...

  • Press Releases

    Cornwall Insight responds to BEIS consulting on wide-ranging changes to Contract for Difference scheme

    Commenting on Business Energy Industrial Strategy’s (BEIS) consultation on wide-ranging changes to the Contract for Difference (CfD) scheme announcement, Gareth Miller CEO of Cornwall Insight, said:  “After a six-year period where mature technologies such as onshore wind and solar have been unable to participate in the CfD scheme, this consultation by...

  • Press Releases

    Renewables pipeline swells to over 24.7GW

    Latest figures from the Renewable Energy Planning Database revealed that the total capacity of renewable energy and storage projects across England, Scotland and Wales classed as ‘awaiting construction’ or ‘under construction’ stands at 24.7GW of the total pipeline capacity. The majority of this is classed as ‘awaiting construction’. Further research...

  • Press Releases

    Cornwall Insight comments on the Contracts for Difference Allocation Round 3 results

    Responding to the Contracts for Difference (CfD) Allocation Round 3 results, James Brabben, Wholesale Manager at Cornwall Insight, said: “Record low clearing prices in CfD Allocation Round 3 indicate the continued and rapid cost reductions for offshore wind resulting from competitive auctions. “Prices below £40/MWh (in 2011-12 money) are extremely...

  • Media Mentions

    Financial Times | UK renewable energy auction prices plunge

    Our thoughts on the Contracts for Difference (CfD) Allocation Round 3 results were quoted in the Financial Times. There was record low clearing prices of the results indicated the continued and rapid cost reductions for offshore wind resulting in competitive auctions. James Brabben Wholesale Manager at Cornwall Insight pointed out...

  • Press Releases

    A glimpse into the future of wholesale power

    Over the Easter holidays, the UK bathed in warm sunshine and as a result, the GB wholesale power market experienced a series of notable events, some that would have once been rare. High levels of embedded solar generation reduced the need for grid-connected energy production, causing the minimum daytime demand...

  • Press Releases

    Offshore Wind set to dominate the third allocation round of Contracts for Difference

    Qualification for the third allocation round (AR3) of Contracts for Differences (CfDs) low-carbon support scheme is due to commence on 29 May. The Department for Business, Energy and Industrial Strategy (BEIS) announced that participants in AR3 would be competing for an annual budget of £60mn, with successful bidders expected to...

  • Press Releases

    Cornwall Insight urges Perry to re-examine policy for renewable energies

    Gareth Miller, CEO of Cornwall Insight has today, sent Claire Perry the MP Minister of State Department of Business, Energy and Industrial Strategy, a letter calling for the government to urgently re-examine its policy for mature and established renewable technologies and reconsider its stance on supporting grid-scale onshore wind and...