DGAP-News: EnviTec Biogas AG passes 200 MW mark for green electricity: Installed capacity supplies 500,000 households and helps to cut electricity prices
(firmenpresse) - DGAP-News: EnviTec Biogas AG / Key word(s): Miscellaneous
EnviTec Biogas AG passes 200 MW mark for green electricity: Installed
capacity supplies 500,000 households and helps to cut electricity
prices
18.02.2011 / 11:02
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EnviTec Biogas AG passes 200 MW mark for green electricity
Installed capacity supplies 500,000 households and helps to cut electricity
prices
Lohne, 18 February 2011 - EnviTec Biogas AG, Lohne/Germany, the leading
European manufacturer of biogas plants, has passed the 200 MW mark in terms
of rated electrical output. Between them, the plants built by EnviTec
generate some 1.75 billion kWh of carbon-neutral electricity, which is
supplied to more than half a million households - this is equivalent to the
population of a large city such as Cologne. At the same time, the
electricity fed into the grid helps to cut wholesale prices at the Leipzig
Energy Exchange, as has been shown by the latest surveys by the Federal
Network Agency ('Bundesnetzagentur').
At the bottom line, the biogas plants operated by EnviTec Biogas and its
customers in Germany have a total electrical output of more than 170 MW,
with another 30 MW installed abroad. Just under 25 MW of electrical
capacity is under construction each in Germany and abroad. 'Biogas is a
success story - it stands for active climate protection, for Germany's
technological expertise, for soft structural change in the agricultural
sector, for reduced dependence on energy exports and for a general downward
trend in electricity prices,' explains Olaf von Lehmden, CEO of EnviTec
Biogas AG. 'We are pleased to lead the market in making an important
contribution to the expansion of bioenergy in Germany and Europe.'
Bioenergy is the most efficient renewable energy
Unlike solar or wind energy, biogas can be generated at any time of the day
and in any weather. Moreover, biogas can be stored and be converted into
energy at any time. This means that biogas can meet both base load and peak
load requirements. Moreover, the exhaust heat produced during the
generation of electricity from biogas in cogeneration plants can be used as
heating energy in local and district heat networks. Some 'bioenergy
villages' in Germany already benefit from the low-cost heat from
cogeneration plants. The effective use of cogeneration with an efficiency
of over 80 percent makes bioenergy the most efficient of all renewable
energies.
Apart from enhancing the creation of value in rural areas, eco-electricity
from biogas also has another direct economic benefit - it leads to lower
electricity prices as it pushes unprofitable coal-fired power plants out of
the market at the Leipzig Energy Exchange. This has recently been proven by
a comprehensive survey carried out by the Federal Network Agency, which has
thus made it clear that the successful expansion of renewable energies may
not be used as an excuse for dramatic electricity price increases. Right on
the contrary: wholesale prices of electricity have dropped over the past
two years, in some cases by more than half.
Energy from biogas cuts electricity prices
Electricity from renewable energy sources such as biogas has contributed to
this price drop via the merit order effect. The merit order is a way of
ranking available sources of energy in the spot market in ascending order
of their short-run marginal costs of production. Those with the lowest
marginal costs are the first ones to be brought online to meet demand,
which means that the electricity price is determined by the most expensive
plant that is needed to cover demand. These are usually fairly inefficient
and environmentally hazardous coal-fired plants. Thanks to the increased
amount of renewable energy, however, these are used increasingly less,
which is not only good for the environment but also helps to lower prices
at the Leipzig Energy Exchange.
This shows that the often-heard accusation that renewable energy sources
lead to rising electricity prices due to the EEG apportionment is
unfounded. The Bundesverband Erneuerbare Energie (BEE - Federal Renewable
Energy Association) recently calculated that the monthly contribution made
by an average German household to the expansion of renewable energy rose by
approx. five euros between 2000 and 2010. The monthly electricity bill
increased by about 30 euros during the same period.
About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service, and also offers full plant and operating management. In
Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec
Biogas built the world's largest plant for the production of biogas to
natural gas standards with a thermal output of 55 megawatts. In addition,
the company also operates its own biogas plants. Today, the company is
represented in 15 countries throughout Europe, as well as in India. EnviTec
Biogas generated revenues of EUR 120 million and EBIT of EUR -0.5 million
in 2009. The EnviTec Group currently has 420 employees. EnviTec has been
listed on the Prime Standard segment of the Frankfurt Stock Exchange since
July 2007.
Press contact:
Thomas Bolte
EnviTec Biogas AG
Tel: +49 25 74 88 88 -198
E-mail: t.bolte(at)envitec-biogas.de
End of Corporate News
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Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info(at)envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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112709 18.02.2011
Datum: 18.02.2011 - 11:02 Uhr
Sprache: Deutsch
News-ID 33242
Anzahl Zeichen: 0
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Kategorie:
Business News
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