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The credit crunch and falling oil prices threaten to hold up some of Britain's renewable energy projects just as the UK has raised its commitment to green electricity, financiers said yesterday.
While large projects backed by the bigger utilities are generally thought to be safe, smaller and more speculative developments are facing funding problems as backers adjust their lending criteria or, in some cases, consider withdrawing it altogether.
"The debt is just not there," said John Dupont, head of renewable energy finance in the UK for Nordbank.
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UK]
Offshore wind pact OK'd for Delaware; $800 million deal leaves room for more investors
June 24, 2008 by Aaron Nathans in The News Journal
June 24, 2008 by Aaron Nathans in The News Journal
Delmarva Power signed a landmark offshore wind power deal with Bluewater Wind on Monday, agreeing to buy enough power to light 50,000 homes in Delaware for the next 25 years.
The long-awaited, $800 million deal could make Delaware the first state in the nation to build a wind farm off its shores. An array of as many as 70 towering windmills would rise in a tract east of Rehoboth Beach by 2012. ...Both parties agreed the contract will cost average residential customers about $5 a month more -- over the 25 years -- than they would have paid for electricity without offshore wind power. With volatile fossil fuel prices, no one can predict how much additional cost -- or savings -- customers may see over the life of the contract.
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Tax Breaks & Subsidies|
Delaware]
The road to economic prosperity is paved green.
That's the pitch the town's business and political leaders will hear at an economic summit next week. ...It's not clear if the town is ready for a green revolution. Businessman Lori Collazino ran into considerable opposition with his proposal to turn toxic General Chemical lands into a wind farm. ...While some towns in the county have set up their own rules on wind farms, all are waiting for countywide policies that go to county council for approval on Wednesday. More than a dozen wind farm projects have been proposed, but there is also considerable resident opposition.
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Canada]
Wind farm size hinders energy talks; Negotiation could determine whether 66 or 200 turbines built
September 7, 2007 by Aaron Nathans in The News Journal
September 7, 2007 by Aaron Nathans in The News Journal
... Delmarva, unhappy it is being forced to buy power in the first place, hopes to minimize the amount of energy its buys on a long-term basis. The power company is concerned about the cost of wind power and has long contended it wants to protect its customers from having to pay for excess energy.
In May, the Public Service Commission and three other state agencies ordered Delmarva to negotiate with Bluewater Wind for a 200-300 megawatt offshore wind farm.
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Delaware]
The State Government has commenced a 15 week consultation process on its renewable energy strategy, after economic modelling revealed the costs of reaching its target of 15 per cent renewable energy by 2020 would exceed $1 billion.
More than $1 billion will need to be invested in renewable energy in Western Australia if the State Government is to reach its target of 15 per cent renewable energy by 2020, new data has revealed.
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Australia / New Zealand]
TAYLOR - Amid a national push to reduce fossil fuel usage, Taylor is poised to join the slowly increasing ranks of Michigan cities gambling on the wind to cut soaring energy costs.
The City Council this week signed on to a $100,000 deal to build a pair of 120-foot-tall meteorological towers in Taylor's north and south ends.
A $230-million wind farm near O'Leary could be in jeopardy.
The P.E.I. government says Ventus Energy, which is developing the 55 wind turbines, is seeking concessions to a four-year deal it signed last year - concessions the province says are unacceptable.
The two sides are still talking, but Environment Minister George Webster said he has no intention of agreeing to a deal which he says gives the Island's resources away. He described those resources as P.E.I.'s "oil and gas'' and added the concessions being asked for by Ventus would cost the Island "significantly.''
He would not disclose exact figures.
EL PASO -- Opponents and supporters of a proposed 42-tower El Paso wind farm presented closing arguments to the Woodford County Zoning Board of Appeals Plans Wednesday evening.
If approved, the towers would be built on the west side of El Paso. The board votes at 6 p.m. Aug. 15 at El Paso's Grace Fellowship Church.
CAMPAIGNERS against plans for a new wind farm between Bagthorpe, Barmer and Syderstone have been told of the horrific impact turbines can have on village life.
A packed public meeting in Bircham Newton heard from a number of guest speakers who gave grave warnings about the health impact, noise disturbances and threat to wildlife which could stem from the five turbines earmarked for the villages.
Included among the speakers was Jane Davis, of Deeping St Nicholas, Lincolnshire, who described the persistent noise problems she has faced from a wind farm near her home.
She also spoke of how the value of her property has plummeted since the development was completed.
Syderstone resident Reg Thompson, a member of the action group formed to oppose the plans, said: "People are very concerned about this.
"There are moves being made in Europe to ban wind farms that are within two kilometres of housing and we hope that becomes legislation because every house in Syderstone falls within that radius.
"People are very upset. We have seen housing deals fall through as people no longer want to move here.
The town of Carrollton has joined the growing list of places in which energy companies are thinking about building electricity-generating wind turbines.
Five local communities have been approached by wind energy companies that want to put up wind turbines. The turbines are giant windmills perched on steel towers 300 to 400 feet high. Many area residents have spoken out against the turbines as a blight on the skyline, create noise pollution and are a danger to migrating birds.
But in Carrollton residents say they'll welcome the large electric windmills as long as they generate cash for the town that will help cut taxes.
Projects are picking up the most speed in Ontario, where the provincial government has embraced wind energy as a symbol of its green friendliness, and municipalities are signing on with a fervour because the province's above-market prices mean they can reap cash in land sales and tax revenues.
But as Canada experiences a rapid rise in these developments, there is a growing opposition to wind power as a clean energy alternative, with complaints that it is high-cost, energy-inefficient, causes noise pollution and even wreaks havoc on birds' migratory patterns.
After raising many of these concerns with the Ontario Municipal Board, residents of Wolfe Island, Ont., celebrated a victory this week when plans for an 86-turbine megaproject by Canadian Hydro Developers, Inc. was modified to place the turbines farther away from residential areas and wetlands.
Farm group calls for cautious approach to wind farms; Warns of possible adverse effects on tourism, taxes
July 28, 2007 by Don Crosby in The Sun Times
July 28, 2007 by Don Crosby in The Sun Times
The Bruce County Federation of Agriculture is calling for measures to protect the county's tourism industry, farming operations and municipalities from the rapidly developing wind energy industry.
"Recent studies in other countries have shown that large wind generating areas and tourism are not compatible. It would be a shame to lose the gains we have made in tourism by not having planning in place to make sure our tourism industry stays vibrant," federation president Robert Emerson told Bruce County council's agriculture, tourism and planning committee on Thursday.
MALONE "" Two wind-energy facilities under review in Franklin County would pump between $25 million and $75 million into the local economy during construction and $1.45 million to $3.8 million a year after that.
The Lycoming County Planning Commission postponed a decision Thursday on whether to recommend an amendment to the county zoning ordinance to significantly change where electricity generating wind turbines may be built. Planning Commission staff had put together an amendment that, if approved by the county commissioners, would allow wind turbines in resource protection and agriculture districts by right and in countryside districts by special exception granted by the county zoning hearing board.
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Tourism|
Pennsylvania]
Lord James Joicey runs the 16,000-acre Ford and Etal Estate where more than 30 small businesses operate, most of them heavily reliant on tourism for survival.
He went some way down the line of agreeing to have turbines on his land, but withdrew when the full implications of their size and impact on local society became apparent. He was also concerned for the owners of local small businesses. He admits, however, that the income from hosting turbines - around £10,000 a year per unit - would have been welcome.
One couple's plans on hold because of wind farms. How many more local businesses are affected? Businesses heavily reliant on tourism are dismayed at proposals to erect giant wind turbines in north Northumberland.
When Nick and Gail Maycock rolled up at the front door of a former pub in Northumberland, they realised straight away it was for them.
They were looking for somewhere to run as a B&B and, with their worldly goods and three dogs packed into their Morris Minor, the sight of The Friendly Hound couldn't have been more appropriate.
Now, nine years on and £100,000-worth of rebuilding and development later, the couple look out on to the stunning landscape across to Ford Moss Nature Reserve with the threat of staring at 10, 360-foot wind turbines at every turn.
"We don't want to see our hard work going down the drain," says Nick. "None of us is opposed to alternative energy sources and we realise we can't keep on going the way we are, but these developers have no interest in local businesses.
Official: Wind farm to churn out tax benefits
July 11, 2007 by Dave Tompkins in Bloomington Pantagraph
July 11, 2007 by Dave Tompkins in Bloomington Pantagraph
"People need to be aware of the big tax advantages we will be paying," said Davies. "We are guaranteeing a $600,000-per-year payment in lieu of taxes, with $450,000 going to the school."
The school district would see a net increase of $200,000 after adjustments in state aid related to the growth in the district's tax base, Davies said.
The Lake District attracts more than 17 million visitors, one million overnight stays and tourist spending in excess of £34m a year.
Its lure to tourists is well known - hills, dales, lakes and attractions that range from Beatrix Potter to owl sanctuaries, and traditional Lakeland shows to restored miniature steam railways.
But now, if the West Cumbria branch of Friends of the Earth have their way, visitors will be heading to this particular green and pleasant corner of England to gawp at . . . wind farms.
But campaigners from local pressure group Vortex massed outside the venue and canvassed the opinions of visitors leaving the exhibition.
Vortex member Roger Wytcherley, aged 55, of Napley Heath, said the majority of people were opposed to the plans.
"Everybody has been very willing to tell us their feelings, and not many are for the wind farm," he said. "A lot of people say their questions are evaded and washed over. People are most concerned about noise and loss of equity in their houses. People are not buying houses around here because of the threat of the wind farm.
Diving a potential £2M boost to Berwickshire tourism
July 4, 2007 by Simon Duke in The Berwickshire News
July 4, 2007 by Simon Duke in The Berwickshire News
There's been mixed news for tourism in Berwickshire this week - while one plan looks set to boost the economy another development is threatening to do the exact opposite............Things aren't looking as promising for the residents of Coldingham Moor. As reported in last week's Berwickshire News, they are becoming increasingly worried about what repercussions the proposed windfarm for Drone Hill could have for them.
The development is the brainchild of PM Renewables and if their application is given the green light by Scottish Borders Council's Planning Department later this summer, 22 76 metre high turbines could soon be standing on either side of the A1107 across the cliff tops.
Both Coldingham Community Council and Coldingham STAG have voiced their concerns over negative side effects for the local tourism industry and a recent survey by Visit Scotland has confirmed their suspicions. Results pointed to the fact that 26 per cent of people questioned wouldn't visit a place with a windfarm in its vicinity.