Drax Signs New Low-Carbon Contract for Difference with UK Government
Drax Group has signed a new “low-carbon dispatchable” contract for difference (CfD) with the UK government’s Low Carbon Contracts Company. This contract covers all four biomass units at Drax Power Station, effective from April 2027 to March 2031. The agreement, mostly unchanged from the terms announced in February, sets a strike price of £109.90 per MWh (2012 prices).
Biomass and Biogas Sector Updates
Scotland’s Cabinet Secretary for Climate Action and Energy, Gillian Martin MSP, visited BrewDog’s anaerobic digestion (AD) and biomethane facility in Ellon, demonstrating Scotland's commitment to renewable energy.
Tuas Power's Renewable Biomass Initiative
Tuas Power has announced plans to convert its Tembusu Multi-Utilities Complex (TMUC) on Jurong Island to operate entirely on renewable biomass by 2028, which is 22 years ahead of Singapore’s national decarbonisation timeline.
Egypt Advances Biogas Production
Egypt’s Ministry of Environment, through the Bioenergy Foundation for Sustainable Development, has signed a cooperation agreement with Italian energy company Eni to boost biogas production and support the country’s clean energy transition.
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Summary
Drax Group secures a key low-carbon biomass contract while global initiatives in Scotland, Singapore, and Egypt accelerate the shift towards renewable energy and biogas production.