Wind

  • Press Releases

    Up to 1900MW of wind eligible for RESS-2

    Cornwall Insight’s ‘Route to RESS service’ has examined the potential capacity of wind and solar that could enter the Renewable Electricity Support Scheme (RESS-2) auction in Ireland, with the analysis showing that approximately 1900MW (1800GWh) of solar and 1600MW (4800GWh) of wind is eligible to bid for the 3500GWh pot....

  • Press Releases

    Minimal wind generation in Victoria highlights the importance of good interconnection

    According to the latest research from Cornwall Insight Australia, the minimal wind generation observed at the beginning of July in Victoria highlights the importance of good interconnection between states as variable renewable energy (VRE) grows. Figure 1 shows the half-hourly generation by technology within Victoria over the second week of...

  • Press Releases

    Incidents of price cannibalisation of renewable assets on the rise

    Research from Cornwall Insight Australia shows that the growth of variable renewable energy (VRE) generation significantly impacts their captured price. In fact, in FY18, 98% of the grid-scale solar generation volumes captured prices above $50/MWh. However, this has reduced to 12% in FY21. On top of this, wind and solar...

  • 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...

  • 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...

  • Media Mentions

    The Independent | UK’s net zero push undermined by energy grid that holds back renewables

    Tom Edwards Modelling Consultant at Cornwall Insight was quoted in The Independent discussing the energy grid and how it is holding back the transition to net zero. There is a need for change according to Tom. Network charging arrangements were built in the 1990s when it was thought we were...

  • Media Mentions

    The Guardian | Storm Bella helps Great Britain set new record for wind power generation

    Due to Storm Bella, on Boxing Day, more than half of the country’s daily electricity came from wind turbines. However, the reliability of wind energy is a concern. Our research shows that the electricity system operator increased its reliance on gas-fired power plants by 20% in September compared with the...

  • 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

    The Guardian | British coal plants fired up to meet temporary electricity shortfall

    Britain has fired up some of its last remaining coal power plants to help keep the lights on. This was as the country’s wind turbines slowed over a few days and the demand for electricity rises. The electricity system operator said that the UK still had enough electricity to meet demand....

  • 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

    Ireland will need to more than double its renewable capacity over the next 25 years to meet 2050 targets

    Findings from Cornwall Insight's 'All-Island forward curve' – a comprehensive market and asset-level power price modelling service – shows that Ireland will need to more than double its renewable capacity over the next 25 years if it is to meet net zero emissions by 2050. The below table shows how...

  • 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...

  • Media Mentions

    reNEWS | UK wind capacity to grow by 1.3GW this winter

    A total of 1300MW of new wind capacity could come online this winter in the UK. This comes from according to our 'Renewables pipeline tracker report'. Cornwall Insight's tracker report shows this 5% rise could result in 25.4GW of installed capacity by March 2021. New capacity anticipated this winter is...

  • Press Releases

    Great Britain could become net exporter of power by 2040s

    Interconnection with EU nations, regardless of trading arrangements post-Brexit, will continue to play a pivotal role in driving wholesale power prices and system flexibility in the future. Modelling of the GB and EU markets by Cornwall Insight shows that increased interconnection through the 2020s and 2030s could provide a route...

  • Media Mentions

    CNN Business | All 30 million British homes could be powered by offshore wind in 2030

    Britain just gave a huge vote of confidence in the ability of offshore wind power to lead the world's pivot away from fossil fuels. While offshore wind farms cost about twice as much to set up as onshore wind farms, they produce a lot more energy. That's because the wind turbines...

  • Media Mentions

    The Telegraph | Wind power or hot air: can Boris build 260 turbines a year?

    The Government wants to increase offshore capacity four-fold by the end of the decade, but faces many hurdles. The Telegraph

  • Press Releases

    The Renewables Obligation Certificate market risks being oversupplied

    Forecasts from Cornwall Insight highlight the Renewable Obligation Certificates (ROCs) supply and demand gap will be narrower in the 2020-21 compliance period than in previous years, due to lower overall electricity demand expectations. In fact, there is a material risk of ROCs being oversupplied should certain conditions arise, which would...

  • Press Releases

    Wind generation’s share of non-coal merchant revenues increased 30% in three years

    The energy transition is having a significant effect on merchant revenues for different generation types across the NEM. Research from Cornwall Insight Australia suggests wind generation captured almost half of the total spot market revenues in New South Wales (NSW) last quarter, accounting for more than gas and hydro’s share...

  • Media Mentions

    Icon | An increase of 46 GW renewables technology capacity is required by 2030, analysis says

    Forecasts from our ‘Benchmark power curve’ suggests 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. This is to keep pace with 2050 net zero targets. This large-scale deployment of very low/zero marginal cost...

  • Press Releases

    New competition for upcoming Capacity Market auctions

    Research from Cornwall Insight’s Capacity Market Forecast highlights that the recent changes in Capacity Market (CM) rules and the technology mix will see greater competition and change in the technology entering* the T-4 auction in March 2021 compared to the previous T-4 auction. Forecasted changes to the technology mix entering...

  • Media Mentions

    S&P Global Market Intelligence | Wind developers in Europe plan upgrades to ‘reset the clock’ on aging assets

    In Germany, the largest onshore wind market on the continent, gigawatts of existing capacity is set to lose its 20-year subsidies starting this year. Because repowering a project there is similar to seeking permits for a new development, owners face the risk of lawsuits, which have grown in recent years...

  • Press Releases

    Extensions and repowering onshore wind key to supporting net zero target

    Repowering and extensions of existing onshore wind sites in GB have yet to receive the same attention from policymakers as new build. However, without repowering activity, the current ~13GW onshore wind fleet could start to reduce in size from 2027 when many Renewable Obligation Certificate (ROC) accreditations end. Cornwall Insight’s...

  • Media Mentions

    Current | New BEIS forecasts show costs of renewables continues to fall

    Costs of deploying renewable electricity generators continue to fall. This is as new government statistics show dramatic cost reductions for solar and wind out to 2040. The Electricity Generation Costs document details forecasts for the levelised cost of energy (LCOE) across a number of electricity generation technologies. Tom Edwards, Senior...

  • Press Releases

    Solar power responsible for paying 20% of total FCAS regulation costs

    Latest research from Cornwall Insight Australia shows that solar farms are responsible for paying somewhere between 10%-20% of total regulation FCAS costs in any given month (see Figure 1). This is disproportionate to solar’s energy generation in the NEM, which in FY20, was only ~3%. In contrast, wind is far...

  • Press Releases

    Divergence in merchant value together with complementary wind and solar shapes creates new opportunities for hybrid projects

    Research from Cornwall Insight Australia examined the performance of wind and solar technologies against the time-of-day price shape, highlights a clear divergence in the merchant outlook for both technologies. This presents a real opportunity for collaborative and hybrid projects to maximise developers’ value. Key findings From FY19 to FY20, average...

  • Media Mentions

    The Guardian | National Grid fires up coal power station for first time in 55 days

    National Grid has fired up a coal-fired power station for the first time in 55 days after Britain’s record-breaking heatwave brought wind turbines to a near-standstill and caused gas-fired power stations to struggle. Gas plants can struggle to produce electricity at normal levels during high temperatures, according to experts at...

  • Media Mentions

    PowerTechnology | Forecast shows more renewable technology capacity required by 2030

    Our market and asset-level power price modelling service ‘Benchmark power curve’, predicts 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 as to keep in line with the 2050 net-zero targets. The net zero...

  • Media Mentions

    Insight energy | National Grid’s FES hydrogen focus could boost offshore wind deployment

    National Grid’s Future Energy Scenarios (FES), published on July 27, showed hydrogen – for heating, transport and clean dispatchable thermal energy - playing a pivotal role in three* out of the four of its net zero scenarios: Steady progression (SP), Consumer Transformation (CT), System Transformation (ST) and Leading the Way...

  • Media Mentions

    reNEWS | Price cannibalisation ‘a threat to green energy growth’

    Price cannibalisation could become a barrier for future renewables deployment if no action is taken, Scottish Renewables’ onshore wind conference has heard. Price cannibalisation is the “depressive influence on the wholesale electricity price at times of high output from intermittent, weather-driven generation such as solar, onshore and offshore wind”, according...