LNG-to-power: A bridge to the age of renewable energies
Published: 06.04.2020 Various scientific assessments currently estimate that it will be possible to obtain our entire electricity supply from renewable energies by about 2050. Until then, however, fossil energy sources will still be needed in the energy mix and in particular will have to guarantee security of supply. This raises the question of which technology can be used to achieve the goal of a sustainable energy supply during the transition period.
We already have several of these types of projects in our portfolio in countries such as Brazil and El Salvador. By supporting this technology, we can also play a significant part in protecting the environment and climate.
But how does LNG-to-power work? This technology is explained using the example of GNA I, an LNG-to-power project financed by KfW IPEX-Bank at the Port of Açu in Rio de Janeiro.
Brazil is a pioneer in the field of ‘green energy’, with already around 75 per cent of its entire generation capacity coming from hydropower. Yet the long periods of drought in the past years have put the country in a quandary: In order to stabilise its energy system, it needs highly efficient, flexible facilities with high generation capacities. In light of this, GNA I has become a key project in Brazil. It is the country’s first gas-fired power plant that can provide electricity at short notice. This makes it an important emergency power plant that guarantees security of supply nation-wide.