May 17, 2020

Vertex Companies Inc. Heads Up Latin America's Largest Solar Power Plant in Mexico

Latin America
SENER
Solar
Vertex Companies Inc.
Admin
2 min
Vertex Cos. to head up Latin America's largest solar power plant in Mexico.
A 30-megawatt solar electric power plant, which will be one of the largest of its kind inLatin America, is planned for development inZacatecas, Mexico.T...

A 30-megawatt solar electric power plant, which will be one of the largest of its kind in Latin America, is planned for development in Zacatecas, Mexico.

The announcement came during a reception held late last month as part of the Massachusetts – Mexico Innovation Partnership Mission. The joint announcement was made by Massachusetts Gov. Deval Patrick and Zacatecas Gov. Miguel Alonso Reyes.

In Zacatecas, Vertex Cos. Inc. is collaborating with local Mexican partners to develop the first utility-scale solar PV project in the state and one of the largest in Latin America overall. The 30 MW ZacSol 1 project is the first phase of up to 90 MW that will be installed near the municipality of Guadalupe over the next several years.  With an estimated $92 million investment in Zacatecas that will create approximately 400 construction and operational jobs, this first phase represents a significant step forward for Mexico in realizing their solar potential.

Mexico has progressive renewable energy policies, high fossil-based electricity prices, and the third highest solar insolation in the world. According to the Inter-American Development Bank, Mexico has a potential for 45 GW of solar energy. SENER, Mexico's Energy Department, recently reported that solar PV projects are profitable without government subsidies with Northern and Central Mexican projects typically breaking even after only two years.

The Vertex Cos. Inc., headquartered in Weymouth, Mass., is a leading partner in the development of the solar power plant. Vertex has consulted for both U.S. and Mexican businesses including Comisión Federal de Electricidad, Mexico's government-owned utility.

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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