May 18, 2018

Germany’s grid regulator awards 604MW of onshore wind capacity to 111 bids

Renewable Energy
Wind
Sophie Chapman
1 min
BNetzA, Germany’s grid regulator, has awarded 111 bis with 640MW of onshore wind power capacity.

BNetzA, Germany’s grid regulator, has awarded 111 bis with 640MW of onshore wind power capacity.

The capacity was won at the nation’s latest win auction, with the average price per megawatt-hour of €57.30 (US$67.42).

At the previous auction, which took place earlier this year, the average price of unit was €47.30/MWh ($55.66).

For the first time since Germany launched the wind auctions in 2017, the 670MW tender was unsubscribed.

“The rising support price compared to the last round might provide an incentive to developers to participate in future auction rounds,” stated Jochen Homann, Head of BNetzA.

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15 of the 111 successful bids are for community-focused projects, which reach a combined capacity of 113MW.

The highest support rate for these projects, and the bid in total, was €62.8/MWh ($73.90), with the lowest being €46.5/MWh ($54.72).

A uniform pricing system was applied to the community-based projects, whilst other winners paid on a pay-as-bid basis.

BayWa, EnBW, Enercon, Green City Energy, Juwi, PNE Wind and Sabowind are all amongst winners of the combined capacity.

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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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