Jul 16, 2018

New York State aims to procure 800MW of offshore wind power by 2019

Wind
Sophie Chapman
2 min
The state of New York has announced a scheme to procure approximately 800MW of offshore wind power by 2019.

The state of New York has announced a scheme to procure approximately 800MW of offshore wind power by 2019.

The plan will support the state’s target to own 2.4GW of new offshore wind energy, enough to power 1.2mn homes, by 2030.

New York State also aims to source 50% of its total electricity from renewable power generation by the same deadline, the state’s governor, Andrew M. Cuomo, noted.

The 800MW of power, to be sourced by next year, will be procured through a solicitation that was issued at the end of 2017.

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The New York State Energy Research and Development Authority (NYSERDA) will procure renewable energy certificated from awarded facilities, with the awards to be announced by the second quarter of 2019.

The Offshore Wind Renewable Energy Certificates will be sold to utilities and other firms.

“This action represents another major step toward establishing a clean energy future that is secure, reliable and cost-effective,” Governor Cuomo stated.

“Robust offshore wind development is not only critical to meeting our clean energy and carbon reduction goals, this investment has the potential to create thousands of jobs and fuel a $6 billion (£4.6bn) industry for New York as it combats climate change.”

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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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