LC Energy Ltd welcomes the Low Carbon Transition Plan released by the DECC in July which sets out how the UK will meet the 34 percent cut in emissions on 1990 levels by 2020;

It says “Transforming the country into a cleaner, greener and more prosperous place to live is at the heart of our economic plans for ‘building Britain’s future’ and ensuring the UK is ready to take advantage of the opportunities ahead”

The targets by 2020:

• More than 1.2 million people will be in green jobs.
• 7 million homes will have benefited from whole house makeovers, and more than 1.5 million households will be supported to produce their own clean energy.
• Around 40 percent of electricity will be from low-carbon sources, from renewables, nuclear and clean coal.
• We will be importing half the amount of gas that we otherwise would.
• The average new car will emit 40 percent less carbon than now.

“The Transition Plan is the most systematic response to climate change of any major developed economy, and sets the standard for others in the run up to crucial global climate talks in Copenhagen in December.”

Please follow this link to read the plan:

http://www.decc.gov.uk/Media/viewfile.ashx?FilePath=White%20Papers\UK%20Low%20Carbon%20Transition%20Plan%20WP09\1_20090724153238_e_@@_lowcarbontransitionplan.pdf&filetype=4

The news that a £500m Renewable Energy Plant, located at Teesport in north east England, has received consent from the British Government under Section 36 of the Electricity Act is welcomed by LC Energy Ltd.

At 295MW capacity, the plant will generate enough electricity to meet the needs of approximately 600,000 homes and will be one of the largest-ever biomass plants to be built in the world, and one of the largest of all renewable energy projects.  The Tees Renewable Energy Plant will enter commercial operation in late 2012.

The Tees Renewable Energy Plant will help to meet the Government’s environmental and renewable energy targets and add to the country’s growing need to diversify its power generation.  It will create 600 jobs during the three year construction period, 150 permanent jobs during the station’s lifetime, and once operating will contribute about £30m per annum into the North East’s economy, supporting a further 300-400 jobs indirectly.  It will save 1.2million tonnes of CO2 per year and will account for 5.5% of the UK’s renewable electricity target.

The biomass feedstock for the Tees Renewable Energy Plant will be sourced from certified sustainable forestry projects developed by the MGT team and partners in North and South America and the Baltic States.  These projects will provide clean burning woodchips, which deliver 95% greenhouse gas savings in comparison to coal or natural gas through the life cycle, and will not use high quality land suitable for food crops.

The plant will use around 2.4m tonnes of woodchips per annum and will operate at baseload – 24 hours a day, all year round. This means the Tees Renewable Energy Plant will produce the same amount of renewable electricity over a year as a 1,000MW wind farm.