Mar 22, 2018

UK offshore wind industry aims to more than double generation output by 2030

UK
Wind
Sophie Chapman
2 min
UK government and offshore wind industry discussing deals for expansion
The UK’s offshore wind sector aims to more than double its output by 2030, rising from 13GW to 30GW. 30GW of generated o...

The UK’s offshore wind sector aims to more than double its output by 2030, rising from 13GW to 30GW.

30GW of generated output would create enough electricity to power one third of the UK’s demand.

In order to meet this target, the industry would need £48bn (US$67.7bn) in investments to facilitate required wind infrastructure.

The industry and the UK’s government are negotiating deals regarding expansion, which falls under the government’s umbrella of industrial strategy.

The deal could lead to offshore wind exports rising by five times as much by 2030, reaching £2.6bn a year.

27,000 jobs are also anticipated to be created, up from the UK’s current 11,000 in the industry.

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 The UK’s Low Carbon Business Ambassador and Vice Chair of the Committee on Climate Change baroness Brown of Cambridge, has been appointed the position of Sector Champion for Offshore Wind.

“We’re absolutely delighted that Baroness Brown will be championing this deal on behalf of our sector,” remarked Benj Sykes, Co-Chair of the Offshore Wind Industry Council.

“She brings a wealth of experience from her positions across business, Government and academia.”

“Her knowledge and skills will be invaluable as we continue to work with the Government to deliver the UK’s Clean Growth Strategy.”

“We’re working together as a sector to partner with the UK Government and deliver our ambitious vision for the future of offshore wind.”

“This deal comes at the right time for the offshore wind sector; we have grown rapidly and reduced costs much faster than anticipated.”

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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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