Mar 30, 2018

MHI Vestas signs MoUs with four Taiwanese firms

Sophie Chapman
2 min
MHI Vestas, the joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries Ltd, has signed Memorandums of Understanding (M...

MHI Vestas, the joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries Ltd, has signed Memorandums of Understanding (MoU) with four Taiwanese firms.

The MoUs were made with China Steel Machinery Corporation (CSMC) for wind towers, Tien Li for blade manufacturing, Swancor for composites and resins, and Formosa Plastics Corporation for the materials used for blade manufacturing.

CSMC, the steel manufacturer, will provide towers for MHI Vestas’ 9MW turbine platform in Taiwan.

The deal demonstrates the firm’s global ambitions and aims to enter new markets.

“The Taiwan offshore wind market has impressively put itself in a front-runner position in the region,” commented the incoming CEO of MHI Vestas, Philippe Kavafyan.

“Having the benefit of early selection of a portfolio of projects allows us to enter into these manufacturing agreements with great confidence.”

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“We are honoured to announce these partnerships today – partnerships that will spur the expansion of highly-skilled, local manufacturing jobs.”

“In bringing our market-leading 9 MW turbine platform and a rich heritage of energy infrastructure experience through Mitsubishi Group, MHI Vestas is well positioned to be the market leader in Taiwan.”

“Mitsubishi Corporation (MC) has been actively operating in Taiwan since the 1940s, especially in the power business,” noted the Chairman and CEO of Mitsubishi Corporation Taiwan, Mr. Koji Nemoto.

“MC has installed a number of power plants together with MHI for Taipower and other owners.”

“At the same time, MC has been building a great relationship with MHI Vestas through the offshore wind business in Europe.”

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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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