Reliably sourcing sustainable and local biomass is something that Bord Na Móna have worked hard to do since they began co-firing peat with biomass at their Edenderry station in 2007. This week’s blog discusses the future of biomass in Ireland and the potential for growth as the country moves to low carbon electricity generation and peat and coal get phased out.
Energy storage and flexibility
Imbalance prices turn negative for six straight hours
Imbalance prices turned negative for 13 consecutive settlement periods on Sunday, as low electricity demand and high levels of wind output led the System Operator to reduce generation output from a variety of wind, combined cycle gas turbines (CCGT) and biomass power stations. The imbalance price dropped below zero in...
Low carbon generation
Invisible Touch: Irish energy and the EIB
Last week, ESB and Bord na Móna announced financial close on the 89MW Oweninny wind farm in Mayo. One interesting feature of the public statement was that the European Investment Bank (EIB) was providing 50% of the estimated €160mn investment. As discussed below, in recent years the EIB has not...