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November 29, 2021

Caledonia Clean Energy CCS Project, UK

By Carmen

The Caledonia Clean Energy CCS Project is 1,381MW gas fired power project. It is planned in Scotland, the UK. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023.

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The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 1,381 1,381 Permitting Scotland, the UK Petrofac Energy Developments UK; Summit Power Group

Description

The project is being developed by Petrofac Energy Developments UK and Summit Power Group. These companies also have ownership stakes in the project.

It is a integrated gasification combined cycle (igcc) power plant.

Development Status

The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.

Contractors Involved

Caledonia Clean Energy CCS Project (Caledonia Clean Energy CCS Project Phase I) will be equipped with Siemens SGT5-8000H gas turbine. The phase consists of 1 gas turbine.

Caledonia Clean Energy CCS Project (Caledonia Clean Energy CCS Project Phase I) will be equipped with Siemens SST5-3000RH steam turbine. The phase consists of 1 steam turbine.

About Petrofac Energy Developments UK

Petrofac Energy Developments Limited co-invests in oil & gas production, processing and transportation assets, leveraging the extensive engineering and operations capability of the Petrofac group to better understand and help mitigate development risks, enhancing project returns in complete alignment with partners.

About Summit Power Group

Summit Power Group LLC (Summit) is an energy projects development company. It operates, manages, and develops energy projects. The company provides clean energy technologies such as natural gas-fired power projects, carbon capture projects for enhanced oil recovery, utility-scale photovoltaic solar energy projects, and large wind power projects. In addition, it also offers energy and energy intensive projects across the technology spectrum including conventional natural gas, coal or natural gas with carbon capture for enhanced oil recovery, and solar and wind. Summit provides services such as engineering design and procurement, feasibility analysis, electric transmission planning and acquisition, land acquisition, and off-take and output marketing services. The company offers tax-driven financing, permitting, and commissioning and asset disposition services, among others. Summit is headquartered in Seattle, Washington, the US.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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