Scotland announces new energy targets
Scotland has revealed its first Energy Strategy, including the target of sourcing at least 50% of its energy from renewable sources by 2030.
The nation announces its Energy Strategy on 20 December, which details funding and investment plans in the renewable sector, as well as new wind farms.
In order to achieve its renewable energy goal, Scotland will be investing approximately £80mn (US$106.8).
The country will focus £60mn ($80.1mn) on low carbon innovation, and the remaining £20mn ($26.7mn) is to be spent on energy infrastructure.
“This strategy recognises and builds on our achievements to date and on Scotland’s capacity for innovation,” commented Paul Wheelhouse, SNP Energy Minister.
“We want to make sure, within the scope of our devolved powers, good stewardship of Scotland’s energy sector – something we have called the UK government to step up to for years.”
In a bid to increase renewable energy in the country, Scotland plans to add a new wave of bigger wind farms, that consist of taller turbines, to its rural areas.
“We expect onshore wind to play a growing and invaluable role in our transition to a low carbon future,” Mr Wheelhouse added.
“The support and investment frameworks for onshore wind have fundamentally changed, just as the technology is also changing – with moves towards larger, more efficient turbines which have made onshore wind highly cost effective.”
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.