Carbon capture and storage 'can compete with offshore wind'

2014-03-03 08:07 by Anja Reitz

The Captain Clean Energy project in Grangemouth, Scotland, missed out on a share of £1 billion the government had lined up to kickstart commercial scale CCS.

However, the developers are in talks with government on getting support through the contracts for difference (CfD) regime.

Ian Phillips, director at CO2 Deep Store, which is involved in the project, said they were seeking a guaranteed “strike price” for their power that is “directly competitive with offshore wind”. That will depend on government agreeing to underwrite some of the low probability, high impact risks, as with nuclear power.

Offshore wind is due to get £155/MWh under the subsidy regime, dropping to £140/MWh in 2018/19.

The developers have “considerable confidence” they will secure a CfD in the next 12 months, Phillips added, speaking at a Westminster Energy Environment and Transport Forum event.


Source: Utility Week, 27 Feb 2014, by Megan Darby

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