The Advice Notes aim to provide introductory material for entrepreneurs, startups and SME’s, considering to enter into the renewable energy sphere and based in the NPA regions partners to GREBE. The scope of the Advice Note covers regional, trade and industry, renewable energy (RE), technology information from Ireland, Northern Ireland, Scotland, Iceland and Finland. Different partner regions have different level of deployment of the various RE technologies covered by the Advice Notes. Thus, the level of information will vary depending on the level of deployment for each technology. For example, wind is not deployed on a large scale in North Karelia (Finland); however, it is widely deployed in Scotland, Ireland and Northern Ireland.
Full details are available on the GREBE website:
The focus of the Advice Notes is on regional information of some of the main economic characteristics sited as imperative, when making an informed choice, regarding which RE technology may be the optimal choice for a new business venture:
- Costs and economics associated with the relevant technology
- Support schemes available, relevant to the technology
- Government allowance/exemptions, relevant to the technology
- Funding available for capital costs of the relevant technology
- List of the relevant to the technology suppliers/developers, with focus on local/regional, suppliers/developers and the products and services they offer.
The economics of a biomass system are governed by the capital cost, the biomass fuel cost, the offset fuel costs and the incentives available. The capital cost of a biomass boiler is dependent upon the size, fuel type used and level of automation of the system.
Biomass is the world’s fourth largest energy source, contributing to nearly 14% of the world’s primary energy demand. The most common fuel is wood, which can be supplied in three forms; logs, chips and compressed wood pellets. However, biomass energy also includes energy crops, food waste streams, agricultural residues, industrial wastes and residues which can be used for heating in certain, specific circumstances. A range of biomass boilers are available, in sizes to suit homes, small businesses, community buildings through to large hospitals and industrial processes. A reliable feedstock supply chain is vital for the economic viability of a biomass boiler system.
Fuel costs are central when considering the levelled cost of electricity, since ongoing running costs far outweigh capital investment. Thus, it is imperative before considering investment in a biomass boiler system to ensure that the right fuel can be sourced locally. Economic benefits of biomass include relatively inexpensive resources; locally distributed energy sources provide constancy and reliability, price stability and generation of employment opportunities in rural communities. Risks included price volatility and availability of feedstock.