Cahill Energy to build $250M renewable energy plant to power Barbados
The Caribbean island of Barbados will soon have 25 percent of its total energy needs provided by a renewable energy power plant.
Cahill Energy recently signed an agreement with the government of Barbados to build and operate a clean energy plant on the Caribbean island. Established to finance, build, own and operate utility-scale waste to energy plants in key markets, Cahill Energy plans to utilize the most innovative technology available to transform all kinds of waste on Barbados into clean, renewable energy.
Guernsey-based Cahill Energy plans to invest up to U.S. $240 million in the proposed plant, which is set to be built in Vaucluse, St. Thomas, creating up to 650 skilled labor jobs, and providing the government of Barbados with several hundred million dollars in estimated savings over the lifetime of the 30 year contract.
The plant will provide an environmentally sound solution to two of Barbados’s most pressing challenges: waste management and energy security. Using plasma gasification technology, the plant will transform up to 650 tonnes of solid waste per day into clean, renewable energy. As a result, the plant will eliminate environmental threats posed by the use of landfill. The energy generated will provide a new domestic source of power for Barbados, reducing the island’s reliance on imported fossil fuel.
“We are therefore confident that this investment represents a phenomenal business opportunity for our investors and offers even greater benefits to the people of Barbados,” said Clare Cowan, CEO of Cahill Energy.
“This waste to energy project is a major step to put Barbados firmly on the way to its initial target of replacing by 2029, 29 percent of its oil based electricity by generation from renewable and alternative energy,” said Senator the Hon. Darcy W. Boyce, Minister of Energy in the Office of the Prime Minister of Barbados.
Drax advances biomass strategy with Pinnacle acquisition
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).
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.