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Alkane trading in line

First published in the Quoted Cleantech website, February 2011. Copyright Cleantech Investor 2011

 Coal bed methane producer Alkane Energy says its 2010 trading was in line with expectations. AIM-quoted Alkane increased its electricity output by more than one-quarter.

Electricity output generated from coal bed methane increased from 95GWh to around 120GWh, thanks to three new sites that started production during the year. There are 12 operating sites and a further three are due to open in the coming year.

The price received for the electricity last year declined from £54/MWh to £44/Mwh, though. There has been a recovery in the electricity price and two-thirds of expected 2011 output is contracted at an average price of £48MWh.

Alkane is working on a number of biogas projects with TEG Group. This includes a contract to supply gas to power facilities for an anaerobic digestion plant at Glenfarg in Scotland.

The 2010 figures will be published on 9 March.

 

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