‘UK needs 120GW of new low carbon capacity to go net zero by 2050’

16/10/2019 10:50 CO2

news

The UK’s legally-binding target to reach net zero emissions by 2050 will require more than 120GW of new low carbon capacity.

That’s according to Aurora Energy Research, which predicts wind and solar capacity will need to increase by more than 100GW, soaring from 33GW in 2019 to more than 140GW in 2050.

 

It notes around 20GW of new nuclear will also be required, as well as 3GW of carbon capture and storage (CCS) installations.

 

The research says the intermittency of wind and solar means short-duration storage technologies such as batteries and pumped hydropower will be needed to balance the grid – it expects up to 30GW of short-duration storage will be required.

 

It notes 185TWh of ‘excess’ power being generated each year could be used to produce green hydrogen for use in decarbonising the heat, transport or industrial sectors.

Source: energylivenews.com

Daily (19.11.2019): NBP spot fell by 2% on forecasts for lower heating and gas-for-power demand due to milder weather

19/11/2019 10:40:00

Oil prices lost ground on Monday amid uncertainty over a trade agreement between the U.S. and China. Furthermore, worries about crude oversupply also put pressure on oil contracts. Brent crude dropped by 1.4% to $62.44 a barrel and WTI futures fell by 1.1% to $58.05 a barrel.

<READ MORE

Ukrainian power player hits 1GW milestone

19/11/2019 09:12:00

Ukraine developer DTEK has reached 1GW of online renewables capacity after completing the 100MW Orlivska wind farm in the Zaporizhzhia region of its home market.

READ MORE

World's largest green-hydrogen plant begins operation in Austria

19/11/2019 09:09:00

The world’s largest green-hydrogen production facility has commenced operations in Austria, “setting an international milestone in the advancement of new energy supply options”, according to the project partners.

READ MORE