Wind is set to become a dominant source of power as governments look to reduce their carbon emissions and although technology and wind resources are similar across the world the risk and values that wind power creates is primarily driven by the characteristics of the markets.
The latest insight paper from Cornwall Insight – Wind in the Australian and Great British energy markets – examines whether the outlook for wind in both the Australian and Great British (GB) markets is being shaped by market design and infrastructure. Key findings of the report are:
- Both markets will see growth; however, both markets will have their challenges
- The characteristics of the GB market means it will see more significant growth than Australia, with price cannibalisation a consequential risk, particularly for subsidy-free wind
- There are good opportunities for wind in Australia if obstacles relating to volatile drivers of revenue can be navigated and addressed
