January 29 (Renewables Now) - The renewable energy and storage pipeline of projects in England, Scotland and Wales presently amounts to 24.7 GW, including just over 15 GW of schemes “awaiting construction.”
This was unveiled by research and analysis provider Cornwall Insight, which quotes the latest figures from the Renewable Energy Planning Database. It noted that while most of the offshore wind developments are awaiting a deal through the Contracts for Difference (CfD) scheme, other technologies such as onshore wind and solar are looking for subsidy-free routes to market options.
Analyst Lucy Dolton commented that only a handful of projects have publicly confirmed route to market plans. She went on to say that while utility power purchase agreements (PPAs) currently stand out as the leading option, this year new business models could emerge.
“With rising media attention surrounding the climate crisis and market innovations such as building basket PPAs for consortia, we can expect growth in Corporate Power Purchase Agreements (CPPA) deals. However, these alone will not be enough to meet the needs of all generators in the pipeline,” she added.