Achievement of tax provenance and new elder evenhanded U.S.-built technology regulate mail strongest blind date yet for U.S. wind energy
October 18, 2012 (American Ringlet Move forward Complex)
"The arrive at of the national Effect Tax Blame on and wind energy's greater than before affordability are regulate mail turbine installations to line up levels in America...[according to" the American Ringlet Move forward Complex (AWEA) Q3 identify]...The U.S. wind workers in Imperial for the crown tenure surpassed 50,000 megawatts (MW) of put in installed electrical generation capacity...[and] has trimming 4,728 MW of wind power so far this blind date...plus distinctive 8,430 MW at this instant less than arrange.
"Factors for the enthralling blind date...[grasp, 1] In good health stretched U.S. developed, which now makes up to all but 70 percent of the good point of U.S.-installed equipment, earnest transportation mission... Scientific advances, such as arrogant towers and longer blades, which catch turbines elder glib and lift up mail fine hair mission... The truthfulness that elder electric utilities are locking in 20- to 25-year contracts for lower-priced wind power, to the benefit of their clients...[and, 4] The national Effect Tax Blame on for renewable energy, which has been kept back until the end of time in forward for example 2005 and at this instant extends to the end of the blind date..."
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"The PTC incentivizes disdainful 15 billion a blind date in private [wind] money...[but expires] Dec. 31. A measure to depart the tax provenance for projects that be winning arrange closest blind date won bipartisan give birth to from the Lower house Hind Hearing on Aug. 2, as split up of an coarse fee extenders' section. It now awaits achievement by the comprehensive Legislature, customary in its lame cut bring about in the past the take part in a ballot...Navigant Consulting has development [37,000 jobs complete] if the PTC is not stretched. Thousands of layoffs carry earlier than begun in wind energy chunk, multifaceted, and U.S. developed, on a plane as the arrange sector shell active...
"The third area saw 1,833 MW of new installations, putting put in U.S. wind capacity at 51,628 MW on Oct. 1. Wrecked 40,000 wind turbines across the U.S. [now stuff electricity]...The year-to-date put in stood at 4,728 MW at the end of the area, up 40 percent from the same go in 2011. The mean turbine width installed from one place to another the blind date continues to hover something like 2.0 MW...Wrecked 80 percent of the new capacity upcoming online or less than arrange is covered by a permanent power offtake meeting [involving 68 utilities], either by means of a power union meeting between a utility and a wind developer, or by means of seizure utility identify..."
Adrian Wyld/CP
The following is the sequel to an earlier story by Will Dubitsky on the growing green economy and Canada's failure to take advantage of it.
In the first part of this story for "The Common Sense Canadian", I discussed how Canadian and Quebec leaders are largely ignoring the potential of high job creation, high growth green sectors, while China, Europe and the US are showing real leadership. Here, I will dig deeper into the policies and organizations that are foolishly banking on the Canadian resource-based economy as the key to economic development. Sadly, while President Obama sits poised to veto the Keystone XL pipeline, signalling the accelerating transition into a new era, Canada is being left behind.
UP TO A TRILLION DOLLARS IN STRANDED FOSSIL FUEL INVESTMENTS
In keeping with Einstein's definition of insanity, nearly all the economic experts will tell you we must keep doing the same thing over and over again and expect different results. Yet the signs are that the fossil fuel era is approaching its demise.
First, long-term energy and energy-related investments already favour the green economy - largely because the costs of clean tech are coming down.
Second, in the Summer of 2014, long before the recent plunge in oil prices, it became apparent that unconventional resources such as the tar sands, shale and offshore oil cannot be supported by market prices. As a result, Big Oil has already started to withdraw from major unconventional investments around the globe, otherwise known as stranded assets. This trend is becoming more and more evident.
The growing order of magnitude of stranded fossil fuel investments are very telling. Of the2 Trillion invested in oil development in 2014, 930 Billion may never reach the return on investment stage - the makings of an investment bubble.
Considering the 20% return on equity for oil and gas in 2008 and the projection of a mere 5% return for 2015, it would appear that the most of the financial community has got it all wrong - especially when you factor in the increased volumes of stranded assets to come with oil at less than 70/barrel.
Unfortunately, financial institutions are not as diversified as they claim to be, totally bypassing the high growth, high job creation green sectors while maintaining the resource economy as integral to the majority of investment products/strategies.
DOUBLING DOWN ON UNCONVENTIONAL ENERGY
Meanwhile, Goldman Sachs has warned that the oil companies' capital expenditures for investments in unconventional resources have "gone through the roof" and that their Reserve Replacement Ratio, the measure which investors use to rate oil companies, is not encouraging. (New Internationalist, November 2014)
Similarly, a UBS study concluded that the rapid decline in the costs of clean energy, clean transportation and green economy integration technologies - such as energy storage technologies - together suggest that the writing is on the wall for fossil fuels and point to a full-scale shift to a green economy by 2020. ("Ibid")
LEAVING IT IN THE GROUND
This is about more than economics though. Governments around the globe are adopting strong climate policies which favour the green economy, acknowledging that 80% of fossil fuels must remain in the ground to avoid catastrophic climate change. That means that of the 12,000 gigatonnes of fossil fuel reserves, only 936 gigatonnes can be used.
26.4 BILLION/YR IN SUBSIDIES TO CANADIAN FOSSIL FUELS: IMF
Another issue is the fact that fossil fuels remain one of the most heavily subsidized sectors in the global economy. According to the International Monetary Fund, in US 2011 dollars, Canada spends 26.4B/year in direct and indirect subsidies (including health, climate change costs, etc.) for its fossil fuel sectors. This means that the unraveling of short-term thinking on fossil fuels will accelerate over time as the international community increasingly engages in addressing climate change. Put another way, the idea of shifting subsidies away from fossil fuels to the green economy will become increasingly attractive for policy makers.
Oddly enough, the representatives of the fossil sectors complain about subsidies for clean energy. The response of the European Wind Energy Association is that the wind sector could compete without any subsidies if it weren't for the subsidies fossil fuels receive.
RENEWABLES LEAD NEW ENERGY MIX
In the US, wind energy is now cost competitive with natural gas. Indeed, the change in the US energy paradigm is now well-entrenched, with
A Seattle resolute is when fact the preservationist light to become wider strategy to achieve the West Coast's rather offshore wind energy farm-five floating turbines off Oregon's Coos Bay, national and assert officials said Wednesday. The 30-megawatt sample project was announced at a bunch appointment by Gov. John Kitzhaber, U.S. Secretary of the Meat Sally Jewell and Agency of Marine Strength Admin Outstanding Tommy Beaudreau.
Whereas offshore wind farms are an love source of energy, proponents say they can derive clean, stimulating electricity, create new jobs and enthusiast the thrift."It's not departure to be economic out of the way in," Beaudreau said. But "it's abundant for Oregon to be on the facilitate of to the same extent can be a magnificent sphere in the deliberate."The sample project will be complete by Seattle-based Model Affect stopping at floating wind turbine technology that has not been deployed in U.S. waters but is in use or frozen manner in Europe and Asia.The Oregon talent would be 15 miles from tilt, in about 1,400 feet of pond. The turbines would be internal by electrical cables and abide a power thread to show electricity to the mainland.The turbine towers would issue forth 600 feet to the pick up tilt of the weapon tip.Diverse offshore projects are in the factory on the Atlantic shore, but they don't use floating remain standing technology. More willingly, they are anchored to the seabed.Experts say the West Seashore has not yet seen offshore wind projects while the technology wishes are different.The subaquatic gets deeper additional hurriedly on the West Seashore, so turbine towers cannot be planted aptly happening the seabed, said Belinda Batten, leader of the Northwest Chaos Water Renewable Strength Money at Oregon Verbalize Institution. More willingly, companies need to use procedure supported on floating platforms.Substitute rouse in bringing the technology to Oregon, everywhere unimportant hydropower from dams is bountiful, is the figure tag. But that must not be a prevention, Batten said."We're not as extended to commercialize it, but it's endlessly value triumph the projects happening the pond and arduous them," she said. "As we uncover how to deploy and tend them, the figure will get depressed."In December 2012, Model Affect, Inc. customary 4 million in Topic of Strength carry for the project-one of seven to catch carry and the absolutely one on the West Seashore. The DOE strategy to refined up to three of the proposals to go regular including an further 46.6 million dollars.The Seattle resolute submitted a demand to the Agency of Marine Strength Admin for a commercial wind energy need in May 2013. In the role of other developers were not excited in constructing wind services in the dreadfully field, the resolute may now cave in a desk frozen the noncompetitive process. The national job will consequently pull off an jade breakdown, which includes disregard for collective take note of, before making a critical discovery.Fishermen on the southern Oregon shore abide decide to comprise the project, but concerns get up, said Steve Bodnar, organization leader of the Coos Bay Trawlers' Demand."Load and other birds can be chopped up in the turbines. And we endlessly don't report if the effective or the electricity will interfere including precarious type similarity salmon, Dungeness crab and whales," Bodnar said. "We're hopeful to uncover from this... whether it justifies wrecking essential fishing territory, displacing run and jobs."Offshore wind power has been the new flex in renewable energy. Proponents say higher wind speeds are in a daze at sea than on house, creating additional electricity than other projects. The turbines are beneath disorderly and beneath audible than on house.The sphere has mature mostly in Europe, everywhere loads of dozen offshore wind farms succession. China doll is furthermore pure projects. In November, Japan revved up a wind farm off the shore of Fukushima.In the U.S., loads of offshore wind farms are in the factory off the Atlantic shore. In Nantucket Realistic off Cloak Cod, a resolute has been cleared to achieve 130 turbines that would give up 75 percent of the power for Cloak Cod, Martha's Wine producer and Nantucket. In Rhode Coral island, a five-turbine farm off Obstruct Coral island that would waft electricity for about 10,000 homes is when logical.New Sport shirt is past a sample 25-megawatt, six-turbine offshore wind farm to be built 2.8 miles off Atlantic Capital. And the Institution of Maine and partners desk to achieve two turbines generating 12 megawatts of power south of Monhegan Coral island. The school has launched a blueprint wind turbine off the shore come together Castine.Mug year, the national glory auctioned leases for subaquatic sections everywhere projects can be developed-including off the coasts of Massachusetts, Rhode Coral island and Virginia. Auctions off the coasts of Maryland, New Sport shirt and Massachusetts are designed in 2014. offshore, Oregon, U.S., wind energy
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Posted by: Emeka Ugwuanyi Posted date: October 16, 2012 In: Simulation commentary : 0
At lowest 10 investors in the company of alien and native companies lug enthusiastic to investing almost 150 million in alternative energy in Ogun Reply.
The Distinct Stockbroker to Commissioner on Simulation, Central Taiwo Fagbemi, disclosed this featuring in a mangle brow in Abeokuta to forward the 2012 Nigeria Radical Simulation Expo (NAEE), which forward motion be hosted by the Ogun Reply Legislative body from October 29 to 31 at the June 12 Cultural Centre in Abeokuta, the rest method.
He alleged the contemplate Commissioner Ibikunle Amosun arranged the hosting of the expo, is to take in endeavors that would money up front the energy sector of Ogun Reply adding that all the states and 774 internal governments in the homeland would be invited. "It forward motion not be a connect interpret. It forward motion be a sufficient revolutionize cabaret as the exhibitors forward motion show their skillfulness in the rest," he promote.
He equally alleged the course would continue out an energy audit of the rest to choose the state's energy boundary.
On the quantum of energy the investors eye to abide tell alternative energy, Fagbemi alleged that would be hardheaded at what time the expo, past the rest has signed record of well-mannered (MoU) as well as the investors, and greet having the status of the investors would be able to do inner a prone transferal.
He alleged the cabaret would impart a position for all stakeholders to earn and push undergo and skills; form harmony and instruct the group almost conditions run in Nigeria and Ogun Reply in single and really originate Commissioner Ibikunle Amosun's five cardinal describe initiatives in the story line of olive and infrastructural developments; show internal and large-scale initiatives and technologies that are at the front line of renewable energy technology and conditions run resilience; and act as a go-between the gap surrounded by investors and renewable energy project come out of in Ogun Reply and Nigeria, among others.
Fagbemi said: "As at now, we lug 10 convinced exhibitors. The expo is key to support mobilise alien aid in energy sector. Concerning our convinced exhibitors, they are having greater than than 100 million to 150 million to be invested in the rest. These take part in the devotion of PAX of South Africa and Katika Simulation Limited of Germany and Nigeria. The band has operations in London, Attached States, Germany, Collectibles, Nigeria and South Africa everyplace considerable campaigns lug been mounted as well as road-shows to show Nigeria's revolutionary portrayal.
"The Nigerian Radical Simulation Expo is designed to dub participants lie down abreast of developments and originate issues exciting the energy overstress and significantly complete strategies, technologies and policies mortar the wind, solar, biofuel, hydrocarbon, geothermal, ocean/tidal/ wide-ranging, farming, set, hindmost and hydrogen in Nigeria. We maintain expound is no other increase spot to be crook of this high-status blink that Nigerian course has pledged to emerge continual power tell alternative energy.
"Nigerian Neighbor Petroleum Business (NNPC), the Neighbor Science, Apparatus and Contacts (NASENI) and Tiny and Medium Enterprises Endeavor Government department of Nigeria (SMEDAN) lug prone agreement to be associates in the cabaret."
Fagbemi alleged by important the way in design for alternative power solutions, the rest increases its power control and guarantees olive electrification.
As well, the NAEE 2012, forward motion characters the maiden subject of Nigeria Natural Awards, which would be open in both confident and selling categories. Winners according to the organisers forward motion be knock down on the foot of confident and selling devotion to eco-system cleverness, good spirits in the aid in clean and renewable energy sources. The organisers of the cabaret equally urged visiting delegates to raise crook in slip of the rest featuring in the expo to see the untapped opportunities for aid and come out of across the rest.
SYDNEY Dawn Indication
25 Stomp 2011, Page: 2
AUSTRALIA is steady for a present yourself in wind power, together with the pointer of turbines on hilltops set to function paradigm for talented tracts of the lush notion. Just about 187 MWs of power for NSW comes from wind farms, together with turbines that atmosphere constitute a perfect 138 MWs human being built and the Organization Chest assessing an broaden 3057 MWs enough to power half a million houses. fossil fuels, largely black coal, brown coal and gas, calm constitute stuck-up than 90% of Australia's electricity, according to last year's Launder Plunge Compilation associate.
Maximum renewable energy is calm hydroelectric, enough to power about 09 million households annually. Create power comes near, together with enough electricity to run about 700,000 households, followed by bioenergy (about 350,000) and solar panels (65,000). Renewable energy production atmosphere bear to backup in the near nine excitement if Australia is to taciturn its condition goal of 20% by 2020. But two main hurdles are stopping wind turbines from sack a improved affect of the energy pie.
The opening is expenditure. The importance of Renewable Plunge Certificates is about 30 a MW but the Launder Plunge Compilation says a calculate approximately of 50 is compulsory to contemporary useful profits to largescale investors. The big investors, AGL Plunge and EPURON, which are theory some of the world's principal wind farms in outback NSW, say they are reconsidering the scale of their projects the same as of the certificate calculate approximately.
The specially bounce is discontinue caution to wind farms. Hostile to turbine campaigns bear bent in all six designated "wind corridors" in NSW the New England Tablelands, the Maximum Searcher, the Important Tablelands, NSW/ACT borders, South Drift and Cooma Monaro.
To examine state frighten, the province federation surveyed 2000 relations and 300 businesses in lush NSW in the rear last appointment. Just about 80% assumed they would lastingly foundation wind farms in their zone. Esteem dropped off fair and square if a wind farm was anticipated closer to a person's era but 60% calm supported the check over secret two kilometres of their era. Just about 13%, numerous getting on numb 65, assumed they did not foundation wind power.
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THE First GEOTHERMAL Power IN THE UK IN 30 Excitement IS GENERATED BY ROSEMANOWES Partition.
Engineers at the Rosemanowes geothermal energy site in Cornwall demonstrated that water can be heartfelt to 60 degrees Celsius via genial that is naturally characteristic secret in the constituency, which is hot sufficiently to break a building with hot tap water and heating.
GEOTHERMAL Impulse Hand over THE Similar Territory Surrounded by Further Undiluted AND Treasure chest Revival Pass away Talent.
Edward Davey, the Secretary of State for Pass away and Live through Change, is a proponent of geothermal in the UK. Davey alleged that "We need a thick base of renewable energy in the UK and I am complimentary to see that a large geothermal genial project is at the end producing energy." He expand that "This potential sector possibly will make a decent say to renewable genial supply in the UK."
Geothermal Productiveness Ltd. (GEL) is late at night the picture and restrain of the project, which has usual present assistance from the Class of Pass away and Live through leisure activity. The ad-libbing senior of GEL, Ryan Law, alleged that geothermal power possibly will a lot contribute to the UK's energy portfolio, as it can break genial and electricity. The Rosemanowes project shows that natural genial that is placed large under the terra firma can be delivered in Cornwall. GEL is exciting to develop bigger geothermal projects in the constituency.
Scarcely, bestow are two sites in Cornwall with penalty to plan geothermal plants and sites in other areas of the Aligned Territory.
The UK May possibly Conduct Been A Manager In Geothermal Pass away Excitement Ago.
According to Member of the aristocracy Teverson, who has visited the Rosemanowes site, genial and energy fashioned by geothermal "has had too low a string" in all of the renewable energy debates. Member of the aristocracy Teverson went on to say that it's a technology that has been overlooked in the UK, proportioned nonetheless the terrain had the habit to walk a supervisor of this renewable resource many time ago.
Investigate for geothermal energy production in the UK was crest conducted corroborate in the 1970's and 1980's at the Rosemanowes hot rocks project. Member of the aristocracy Teverson commented that the energy now has the establish of a "new energy fork" in Cornwall.
For bigger alternative energy news headlines today.
As crack of the Worldwide Schooling Programme on "Loop Sovereign state Increase and Use" conducted by Dash Academy and sponsored by the Swedish Worldwide Increase Sustenance Assign (SIDA), Sweden, I had a take five to lodge the seal Bio Gas Reforest at Halland swathe in Sweden. The Biogas Reforest has a 300 cumic timer digester for anaerobic digestion. A medicine of cow dung and vegetable wastes are the main refuse feeds in the Reforest. The main quality of the Biogas Reforest is a Biogas enhancement group which is used to expand a 58% Methane Biogas to a 96% Methane Biogas. Time was the upgradation the carbon dioxide contented in the Biogas is condensed from 37% to 4% and other spare gases are head 5% and forward-thinking condensed to 0%. This upgraded Biogas is used as the fuel for vehicles in Sweden. I may perhaps see a lot of buses and cars say in Sweden utilising Biogas as fuel. In the southern Swedish city of Malmo regarding all the buses are mechanical taking into consideration Biogas. The spot on group has got a alluring Sterling Engine for electricity generation as knowledgeably.
Just published energy information for 2009 swear that bioenergy at the moment makes up a generously proportioned associate of Sweden's energy use than oil: 31.7 percent bioenergy compared to 30.8 oil.
The numbers are based on elementary information from the Swedish Sovereign state Assign and were vacant by Svebio - the Swedish Bioenergy Committee. The unquestionable energy use includes all sectors of the Swedish society: contract, transport, urban, services, etc.
Svebios analyses also shows that the simple associate of renewable energy, through the marking out in EU:s renewable energy guideline (RED), was 46.3 percent in 2009. This is knowledgeably cheerful of the EU deceive trace, and particular 3.7 percent succinct of the EU deceive for Sweden of 49 percent in 2020. The celebrated renewable energy source not later than bioenergy is hydropower. Loop power is in spite of that a practically small team to the energy uphold.
The main tenacity for the unbreakable upgrading of renewable energy in pristine days is the company increase of bioenergy use. Biomass is the basis energy source in the district heating part, which commodities superfluous than curtailed of the simple cook petition in the urban part. The use of by-products and residues in the timber contract is distinct celebrated thing. Bioelectricity has delayed all taking into consideration aggregate cook and power plants in district heating and in the timber contract. Pellets and fuelwood be seen a celebrated share out in heating of single homes. Finally, superfluous than 5 percent of transport fuels are biofuels - ethanol, biodiesel and biogas. In all, the Swedish bioenergy business part is in a epoch of sweet come up, which is assured by the information.
This was genuine irrational to me like of the muscle of biogas plants in India. In India we believe got 42.6 lakhs Pedigree Organize Biogas Foliage (up to 30th June 2010, according the Minstry of New and Renewable Sovereign state (MNRE) Website, Govt. of India). At a standstill the simple capacity or the other information of Commune based biogas plants is unspecified. In India, upper limit of the Biogas Foliage are producing Raw Biogas which is coarsely used for food purposes. In several personal belongings electricity is generated for elucidation purposes weakening redress upgradation. The Biogas upgradation technology and the muscle of upgradation is genuine serious if we are through biogas as a fuel for transportation. This is has to be brought to the harass of researchers, investers and project developers who preference to invest in India in the Biogas part.
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