"Generators Have Experienced Significantly Reduced Revenues During the COVID-19 Outbreak"

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Cornwall Insight reports this as a result of a significant decline in wholesale prices.

Official Press Release Cornwall Insight:

Renewable generator revenues fall due to COVID-19 lockdown

Wind Industry Profile of
Renewable generator revenues fall due to COVID-19 lockdown

Research from Cornwall Insight’s Green Power Forecast reveals there has been a sharp decline in generator revenues. Solar and wind technologies have been particularly impacted by low demand levels due to the COVID-19 lockdown.

Solar PV captured prices were, on average, 8.4% and 14.9% below baseload levels in March and April, respectively. For wind, prices were 8.2% and 15.5% below baseload levels on average. The below graph highlights the daily captured prices achieved by different technologies in March and April 2020, as measured using half-hourly Market Index Price (MIP) data. We show a rolling five-day average to avoid the volatility observed day-to-day. ... More: Official Press Release Cornwall Insight

Cornwall Insight, prices, wholesale price, decline, revenue, generator revenue, PPA, wind, solar, baseload, COVID-19

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