A new report released by the Global Wind Energy Council (GWEC) has warned that policymakers must have a “decisive impact” in tackling supply chain issues to unlock 680GW of new wind capacity globally by 2027.
Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.
The UK Government must set a “realistic budget and more sustainable prices” for renewable electricity in the upcoming Contracts for Difference (CfD) auction to prevent limited private investment in solar and wind generation, RenewableUK said.
Customers based in the UK overpaid on energy bills in 2021 to 2022 by around £7 billion which could have been avoided via a “split market” marginal pricing scheme, a report by Carbon Tracker has said.
On Monday, the Department of Business, Energy and Industrial Strategy launched a new consultation into key changes to the upcoming Contracts for Difference (CfD) Allocation Round 5 (AR5).
Following the official announcement of the energy bills freeze over the coming winter by Prime Minister Liz Truss on Thursday 8 September, the government has released the first details of how exactly it will work.
In the latest issue of our Current± Price Watch series – powered by LCP Enact – we take a look at how the generation mix is changing with the closure of another nuclear power plant and growth of renewable energy.
All of the contracts awarded as part of the most recent round of the Contracts for Difference (CfD) auction have now been signed and returned to Low Carbon Contracts Company (LCCC).
