Aug 3, 2018

China to exceed wind power target by 2020

Olivia Minnock
1 min
China is set to surpass its wind power targets for 2020, according to a report by analyst MAKE.

China is set to surpass its wind power targets for 2020, according to a report by analyst MAKE.

The nation is set to install more than 20GW of wind power capacity per year on average over the next 10 years.

The growth is partially being put down to a recent change in the process for gathering energy suppliers, from a previous feed-in tariff (FiT) scheme to a competitive auction mechanism. The change was announced by the National Energy Administration (NEA) earlier this year, and is expected to make the industry more competitive.

See also:

$3.4bn Scottish offshore wind farm begins powering National Grid

General Electric announces strategic plan to focus on renewable power

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MAKE’s China Wind Power Outlook 2017 predicts that this change will bring growth to the wind sector in China. However, this will not come into effect fully until 2019, and as such is only partially responsible for the predicted growth, with China already having made leaps in the sector. 

The country’s cumulative target of 210GW was set as China’s Thirteenth Five-Year Plan for Wind Power, and MAKE states that China is set to go above and beyond this goal. 

 

 

 

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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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