The World Future Energy Summit to focus on renewables
This year’s World Future Energy summit (WFE), held in Abu Dhabi, is to pay particular attention to renewable energy.
The summit will host 30,000 delegates between 15 and 18 January in order for the exploration of clean and efficient energies.
The host country, the UAE, has set a target to use 44% renewable energy by 2050, despite being one of the largest oil producers in the world.
It is anticipated that a majority of the green energy will be sourced by solar.
As part of its Vision 2030 plan, Saudi Arabia has announced that it aims to generate 9.5GW of renewable energy by 2030.
Etihad Energy Services Company (Eitihad ESCO), a Dubai Electricity and Water Authority (DEWA) subsidiary, along with energy efficiency program TAQATI, are to focus on energy efficiency solutions during the summit.
“By designing and developing detailed plans for building and district cooling retrofits to aid in the reduction of energy consumption, Etihad ESCO aims to support Dubai’s transformation into one of the most sustainable cities in the world,” commented Ali Al Jassim, CEO of Etihad ESCO.
“The growing focus on retrofitting initiatives in the region also demonstrates how engineering and design policies can help achieve sustainability targets and cut down operational costs.”
“These measures will be in line with the goal of reducing energy demand by 30 per cent by 2030 by increasing the use of clean energy, and implementing the UAE Green Growth Strategy to enhance sustainable development.”
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.