Power Engineering International

Greece’s Public Power Corp. (PPC), the nation’s greatest vitality firm, has introduced that its coal-fired thermal energy plant Ptolemaida 5 shall be transformed to gasoline in 2025, three years sooner than deliberate.

The facility, at present beneath development, is ready to be the final of its variety in Greece as all others are scheduled for shutdown by 2023. The transfer will make Greece the tenth European nation to have already exited coal or to plan to take action by 2025.

Ptolemaida 5 lignite plant was scheduled to come back on-line in 2022, nevertheless doubts exist whether or not it should burn lignite in any respect.

Check out our free, weekly publication

See PE’s full protection on the way forward for coal-fired technology

“PPC has lastly realised it has wasted billions on Ptolemaida 5, and brought on untold injury to individuals’s well being and the Greek economic system,” stated Mahi Sideridou, Managing Director at Europe Beyond Coal. “The indisputable fact that the EU’s fourth-largest lignite producer is abandoning coal tells you every little thing you want to know concerning the state of the business. Now PPC wants to show its full consideration to the nation’s huge renewable vitality potential. Former coal communities deserve much better than to be tied to extra fossil fuels, like fossil gasoline.”

PPC plans to shut all of Greece’s different present lignite crops by 2023, a transfer hastened by the fast improve in carbon dioxide emission certificates. Even if the CO2 prices stay the identical by 2028, PPC could be burdened with greater than EUR 1 billion ($1.2 billion), virtually as a lot as the brand new unit could be price, in keeping with Balkan Green Energy News.

After PPC did not acquire derogation for the plant, the vitality firm determined to transform it into an unsustainable 1GW fossil gasoline unit in 2025. Technology choices will have to be investigated to extend the plant’s sustainability and keep away from stranded property sooner or later.

A comparative evaluation of various substitute know-how choices for Ptolemaida 5 performed by the Green Tank, ClientEarth and enervis exhibits that changing the lignite plant to a renewables-based thermal vitality storage facility would produce cheaper electrical energy than switching to fossil gasoline. This possibility would even be totally suitable with the EU’s new 2030 local weather goal, the EU Green Deal and the Sustainable Taxonomy Regulation.

— — — — —

The way forward for coal-fired crops is a key a part of POWERGEN International, taking place Jan. 26-28 in Dallas, Texas. The POWERGEN Call for Speakers is now open and in search of content material for tracks resembling Decarbonization, Digitalization, Energy Storage Breakthroughs, the Future of Electricity, Hydrogen: What’s New, Optimizing Plant Performance, the New Energy Mix (on-site energy) and Trends in Conventional Power. Click right here to see extra and submit a session concept.

Read more at Source link


Please enter your comment!
Please enter your name here