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    United Kingdom Onshore Wind Generation Has Now Reached 37GW

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    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

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    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

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    Biden Backs Offshore Wind. But The Market Is State-Driven

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    Ukraine Supports The UN-Call For A Nuclear Plant Safety Zone

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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

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    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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German Group Worries EC Windfall Tax Will Hurt Bioenergy

in News, Renewable Power

A German bioenergy organisation claims that the European Commission’s (EC) proposal to impose a revenue price cap on lower-cost electricity providers will generate major investment anxiety among operators and result in a steep fall in the amount of power and heat generated from biomass.

The windfall tax is a component of the crisis management strategy that EC president Ursula von der Leyen unveiled on September 14th. According to the plan, governments of Member States would collect income above EUR 180 (USD 179.82) per MWh produced by businesses utilising less expensive technologies like renewables, nuclear power, and lignite and use them to lower consumer energy prices.

According to Sandra Rostek, CEO of Hauptstadtbuero Bioenergie, biomass facilities already have relatively high operating expenses because they have to keep up with evolving technological standards and pay for escalating costs of fixes, upkeep, and tech.

The organisation, which has its headquarters in Berlin, pools the assets of the Federal Bioenergy Association (BBE), the German Farmers’ Association (DBV), the Biogas Association (FvB), and the Wood Energy Association (FVH).

In addition to biomass, biogas plant operators have made investments to increase the flexibility of energy production, which has raised the underlying cost structure of many facilities close to the Commission’s recommended cap, according to a statement released by Rostek on September 15th.

She claims that the new levy will deny these plants the opportunity to use increased electricity market profits to at least partially offset higher fuel costs brought on by the crisis. Rostek noted that as a result, the generation of heat and power from biomass will drastically decrease, undermining the federal government’s objective to encourage the increase of biogas capacity.

Rostek applauded the proposal to exclude biomethane from the windfall charge because it is regarded as a flexible alternative to natural gas. She emphasised that additional bioenergy facilities, such as wood-fired power plants, biogas plants that directly generate electricity, and storage areas at biomass and biogas plants, should also be exempted from the cap for the same reasons.

According to Rostek, the implementation of the revenue cap will eliminate the economic motivation for owners to invest in the flexible functioning of the facilities.

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