Dave Elliott: Who backs renewables in the UK? Well just about everyone now- 83% of the public, according to the most recent national poll. And the government is committed to expanding renewable as part of its response to Climate Change. However what matters practically is the level of industrial and technical support for actual hardware projects. So what does that backing look like? And will it sustain expansion? Renewable energy schemes at various scales has been backed in the UK by a range of large power companies, including German-owned E.ON and French-owned EDF, as well as by smaller players. As a result, the UK now gets over a third of its power from renewables. Most of the companies involved with providing this are members of one or other of the major trade associations, RUK (Renewable UK) and REA (Renewable Energy Association), who promote the development and spread of the technologies. RUK (which grew out of the British Wind Energy Association) focuses on mainly wind and marine energy, REA tends to cover solar and bioenergy more, but, although there is some overlap, an attempt at a merger failed awhile back, and the Solar Trade Association also remains separate.
Renew Extra 22nd Aug 2020 read more »
A new investment analysis has revealed a widening gulf opening up between what it calls “good energy stocks”, primarily geared towards renewables, gas, and LNG, that have performed well since the onset of the pandemic, and “bad energy stocks” in the oil, tar sands, and petrochemical sectors that are increasingly at risk of becoming stranded assets.
Business Green 25th Aug 2020 read more »
The U.K. government’s Department for Business, Energy and Industrial Strategy (BEIS) has revealed further details of the planned €5 billion ($5.9 billion) ‘SDE++’ auction aimed at incentivizing CO2 abatement. The exercise – which will be held in ‘Sept-Oct’ according to a low-carbon hydrogen business models research paper published by BEIS – will have four bidding rounds in which developers will lodge competing bids for an amount payable for each metric ton of CO2 which would have been emitted by conventional alternatives allocated for each carbon-saving technology, with a maximum incentive of €300/mt. The technology-neutral auction will apply to renewables generation plants, hydrogen from electrolysis and carbon capture and storage (CCS) facilities, despite the research paper warning low-carbon hydrogen producers would be too wary of risks to demand to compete in a technology-neutral exercise. Comparing low-carbon hydrogen generation technologies, the paper cited the small, modular nature of electrolysis units, the dispatchability of the tech and the lack of carbon emissions. Biomass gasification – heating biomass to generate hydrogen and CO2 – is considered carbon neutral by BEIS because of the absorption of the greenhouse gas by biomass feedstock while it is growing, and could be carbon negative if combined with CCS, said the paper, but the technology is still at demonstration level and has never been combined at scale with carbon capture. Methane reformation, said the paper, is a mature tech but is inflexible in dispatchability terms and would require CCS as the mixture of methane with steam generates CO2 as well as hydrogen. It would also require methane, a greenhouse gas far more potent than CO2.
PV Magazine 25th Aug 2020 read more »