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Wind power dilemma: money blows away
Posted by: Lisa on November 12, 2009 9:31:22 AM
A cold front swept across northern China's Inner Mongolia region in early November, forcing a wind energy farm at Xilin Gol to curtail operations - even as a brisk breeze whistled through idle turbine blades.
"When that much wind is moving through, the generators can't make electricity," explained Ma Zhanxiang, vice president of the Inner Mongolia Electric Power Industry Association (EPIA). "Money just blows by." ...Inner Mongolia's situation is a clear example. Its installed capacity - 50 gigawatts -- is the country's largest, but the excess at wind farms has reached a crisis level. EPIA counts some 10 gigawatts in the region, including 3.49 gigawatts of wind power, as excess installed capacity.
Note : http://english.caijing.com.cn/2009-11-12/110310419.html
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Tax Breaks & Subsidies
| USA
| Texas
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Jobs question jeopardizes wind farm's stimulus deal
Posted by: Lisa on November 04, 2009 9:36:26 PM
News that $450 million in federal stimulus money might go toward installing Chinese-made wind turbines in Texas prompted criticism on Thursday, with Senator Charles E. Schumer, Democrat of New York, calling on the Obama administration to deny federal financing.
According to partners in the deal, the proposed 600-megawatt wind farm, announced late last week, would be built on 36,000 acres in West Texas using 240 wind turbines manufactured by A-Power Energy Generation Systems of Shenyang, China.
Note : http://www.nytimes.com/2009/11/06/business/energy-environment/06wind.html
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USA
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Tempers flare in U.S. over Chinese involvement in wind farm planned for Texas
Posted by: Lisa on November 01, 2009 3:04:34 PM
The total cost of the project, which was brokered in part by the U.S. Renewable Energy Group, an American private equity company, was estimated at $1.5 billion. ...The group's calculations last week put the number of American jobs at a little more than 300 - most of them temporary construction jobs, along with about 30 permanent positions once the wind farm is operating. Mr. McGarr told The Wall Street Journal that more than 2,000 Chinese jobs would be created by the deal.
That, along with the fact that the project was hoping to secure 30 percent, or $450 million, of its financing from U.S. stimulus funds, was enough to send tempers flaring.
Note : http://www.nytimes.com/2009/11/02/business/energy-environment/02iht-green02.html?_r=2&ei=5099&adxnnl=1&partner=TOPIXNEWS&adxnnlx=1257105694-cK5DND/AutvSBeKi7fG6sw
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[
General
| USA
| Texas
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China to supply turbines and funding for $1.5bn Texas wind farm
Posted by: Lisa on October 30, 2009 10:07:27 AM
A Sino-US consortium yesterday announced plans for a US$1.5 billion, 600MW wind farm in Texas, with China supplying all the turbines and most of the funding.
The 36,000-acre wind farm ...is a joint venture between state-backed Chinese firm Shenyang Power Group, US wind farm developer Cielo Wind Power and private equity firm US Renewable Energy Group.
Most of the funding for the project will come from Chinese banks, with loan guarantees and grants provided by the US federal government's economic stimulus package.
Note : http://www.businessgreen.com/business-green/news/2252264/china-supply-turbines-funding
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General
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China's wind farms come with a catch: coal plants
Posted by: Lisa on September 27, 2009 11:29:16 PM
China wants renewable energy like wind to meet 15% of its energy needs by 2020 ...But experts say the country's transmission network currently can't absorb the rate of growth in renewable-energy output. Last year, as much as 30% of wind-power capacity wasn't connected to the grid. As a result, more coal is being burned in existing plants, and new thermal capacity is being built to cover this shortfall in renewable energy.
Note : http://online.wsj.com/article/SB125409730711245037.html
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General
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China sees unfulfilled potential in the wind
Posted by: Lisa on September 26, 2009 11:26:31 PM
China, the world's third-largest economy, has made green energy a priority.
The country has doubled its capacity for wind-generated power every year for the past four years, and President Hu Jintao pledged last week to turn to more sources of renewable energy in coming years.
However, many wind farms have been built far from populated areas or transmission grids, making their output largely useless for now. The China Electricity Council, a national industry group, says 28% of the country's wind power equipment sat idle at the end of 2008.
Note : http://www.usatoday.com/money/industries/energy/2009-09-27-chinaenergy_N.htm?csp=34
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General
| USA
| UK
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BP expands wind power footprint in the U.S., sheds unit in India
Posted by: Lisa on September 16, 2009 9:40:46 PM
BP is expanding its wind power electricity generation capacity in the United States but is shedding an Indian unit, which has been sold to Green Infra Limited of India.
BP said Green Infra Limited purchased its subsidiary, BP Energy India Private Limited, for a total cash-free, debt-free enterprise value of about $95 million.
Note : http://www.upi.com/Energy_Resources/2009/09/17/BP-expands-wind-power-footprint-in-the-US-sheds-unit-in-India/UPI-41521253214658/
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Tax Breaks & Subsidies
| Europe
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U.N. panel to rule on $144 million China wind projects
Posted by: Lisa on September 08, 2009 1:35:03 PM
Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday. ...The issue has caused long-running tension between the panel and project developers and brokers about the speed of approvals in the $6.5 billion global carbon offset market.
Under the U.N.-led Kyoto Protocol's clean development mechanism, rich countries can buy rights to pollute by funding cuts in greenhouse gas emissions in developing nations.
Note : http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5872YM20090908?sp=true
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Impact on Landscape
| Tourism
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Plans for wind farm near Phuket's ‘Big Buddha'
Posted by: Lisa on September 06, 2009 8:40:12 AM
The Phuket Provincial Energy Office plans to build windmills in the Nakkerd Hills near the ‘Big Buddha' image, a seminar on alternative energy was told on Thursday.
Phuket Energy Office chief Jirasuk Tummawetch made the announcement during the seminar, held at the Royal Paradise Hotel in Patong.
Note : http://www.phuketgazette.net/archives/articles/2009/article7743.html
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General
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$34m failure: FEA admits lack of study in wind farm project
Posted by: Lisa on August 23, 2009 10:05:32 PM
The Fiji Electricity Authority has admitted that its $34million Butoni Wind farm in Sigatoka was a failure.
And this was because of insufficient study of the area. ...It was also revealed that one of the joint venture partners of the FEA, Pacific Hydro Limited, pulled out in 2003 after seeing the project as financially uneconomical based on its development cost and expected cost of energy generation.
Note : http://www.fijitimes.com/story.aspx?id=127996
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General
| Australia / New Zealand
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Australian policy to benefit Suzlon, Tata Power
Posted by: Lisa on August 20, 2009 6:12:09 AM
Domestic power majors Suzlon Energy and Tata Power, which have renewable energy projects in Australia, will benefit as that country is implementing a law to ensure 20 per cent of the country's electricity comes from renewable sources by 2020.
Sources said the expanded Renewable Energy Target (RET) Bill will be enacted as a law by the Australian Parliament in a few days and will come into force by September 2009.
Note : http://www.business-standard.com/india/news/australian-policy-to-benefit-suzlon-tata-power/367583/
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General
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CLP gets approval to develop Hong Kong wind farm
Posted by: Lisa on August 03, 2009 5:18:37 PM
CLP Holdings Ltd. was granted approval by Hong Kong's government to develop what may be the largest offshore wind farm in Asia by capacity. ...Groups, including the Association for Geoconservation, have said the project will destroy the sea view in the Clearwater Bay area, which they describe as the last piece of pristine wilderness in Hong Kong.
Note : http://www.bloomberg.com/apps/news?pid=20601080&sid=aXT_oAFGvv6Q
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General
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Japan installs less wind power as tight rules bite
Posted by: Lisa on July 07, 2009 8:45:57 AM
Japan's wind power industry installed 183 megawatts (MW) of capacity in the year ended in March, 2009, down 1.3 percent from a year earlier, a government linked research unit said in a report on Tuesday.
Tighter regulations on wind turbines have restricted construction in the past two years.
Note : http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5662V520090707
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