Dubai Carbon and ENGIE sign agreement to develop renewable resources
The Dubai Carbon Centre of Excellence and French sustainable energy company ENGIE have signed a Memorandum of Understanding (MoU).
The agreement was signed with the aims of finding renewable and efficient energy solutions for Dubai and the surrounding region.
The alignment will see the partners executing joint work in the field of sustainability, the environment, climate change, and social responsibility.
The two will also develop green certificates and the carbon credit market through a variation of projects, with the most notable working on international renewable energy certificates.
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There are plans to adopt the “IREC” certificate, a tool that is dependent on the market. This certificate is issued when a MWh of electricity is generated from a renewable source and then connected to the network.
The MoU was signed by the CEO of Dubai Carbon, Ivano Iannelli, and the CEO of ENGIE Middle East, South and Central Asia, and Turkey, Sebastian Arbola.
Mr Iannelli reported that the main aims of the agreement is to exchange knowledge, work on leading-energy solutions, and to build a better sustainable future for Dubai and the UAE.
The centre hopes to support the government in becoming a green economy and establishing smart cities, aligning with and achieving the goals of UAE Vision 2021.
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.