News
Category:
Impact on Economy or Asia
Browse in :
All
> Topics
> Impact on Economy (428)
All > Location > Asia (135)
All of these categories
All > Location > Asia (135)
All of these categories
Deepwater unfazed by impasse with Grid
November 19, 2009 by Chris Barrett in Providence Business News
November 19, 2009 by Chris Barrett in Providence Business News
After two months of talks, National Grid Plc said Wednesday it still has not agreed on a contract to purchase electricity from the first of Deepwater Wind LLC's two proposed offshore wind farms.
Although it was the second time in recent weeks the state's dominant utility rejected an offer from Hoboken, N.J.-based Deepwater, an executive with the company said the filing with the R.I. Public Utilities Commission (PUC) may not stop the project from moving forward.
Also filed under [
Impact on Economy|
Rhode Island]
The green supply chain; The "domestic" green job argument turns out to be weak
November 17, 2009 by Stephanie I. Cohen in Market Watch
November 17, 2009 by Stephanie I. Cohen in Market Watch
A major selling point for the green jobs movement has been the near guarantee that renewable energy and green tech sector jobs will be tied to U.S. soil -- wind farm technicians and solar panel installers in China or India can't service turbines in Iowa and roofs in California.
The resulting theology of the green energy movement is that investments in alternative energy will yield millions of new U.S. jobs that cannot be shipped overseas.
But Sen. Charles Schumer's, D-N.Y., recent irritation over a proposed Texas wind project eligible to receive hundreds of millions of dollars in stimulus funding has shown just how erroneous this thinking is.
Also filed under [
Impact on Economy|
USA]
The Government's renewable energy strategy is in tatters after a report exposing the true costs of generating electricity by wind power.
An internal document from the National Grid, seen by the Sunday Express, says wind turbine energy will at times cost over 3,000 per cent more than conventional power.
Industry experts say over-reliance on wind power could mean fuel poverty for consumers, as older power plants reach the end of their working lives while Britain's new generation of nuclear stations is still a long way off completion.
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.
Stimulus job boost in state exaggerated, review finds
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
November 11, 2009 by Jenn Abelson and Todd Wallack in Boston Globe
While Massachusetts recipients of federal stimulus money collectively report 12,374 jobs saved or created, a Globe review shows that number is wildly exaggerated. Organizations that received stimulus money miscounted jobs, filed erroneous figures, or claimed jobs for work that has not yet started.
The Globe's finding is based on the federal government's just-released accounts of stimulus spending at the end of October. ...But in interviews with recipients, the Globe found that several openly acknowledged creating far fewer jobs than they have been credited for.
Arbroath fishermen voiced their concerns with regard to proposals for the creation of a wind farm in the Bell Rock area off Arbroath when they met with Angus MP Mike Weir.
They had expressed worries that the wind farm could interfere with their traditional fishing grounds.
After the meeting Mr Weir said it was vital that the interests of fishermen be taken into account in planning offshore wind farms.
Councillor claims more wind farms will adversely affect Borders tourism
November 5, 2009 by Andrew Keddie in Southern Reporter
November 5, 2009 by Andrew Keddie in Southern Reporter
Leaderdale and Melrose councillor John Paton-Day has called for a halt to wind farm developments in the Borders.
The Lib Dem from Earlston was reacting to a letter in TheSouthern last week (October 29 issue) from Mr S. Wilson from Blairgowrie, who described how he had advised a party of 20 hillwalkers from Austria not to visit the region because "the hills have been destroyed by numerous wind farms with a lot more to come".
Jobs question jeopardizes wind farm's stimulus deal
November 4, 2009 by Tom Zeller Jr. and Keith Bradsher in New York Times
November 4, 2009 by Tom Zeller Jr. and Keith Bradsher in New York Times
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.
Minnesota Power: Going green means a rate hike
November 3, 2009 by Candace Renalls in Duluth News Tribune
November 3, 2009 by Candace Renalls in Duluth News Tribune
Minnesota Power is seeking an almost 20 percent increase in rates for its residential customers to cover investments made in cleaner, greener energy.
For the average residential customer, that amounts to $13 per month.
"We know this is unwelcome news at an unwelcome time," said Pat Mullen, the company's vice president of marketing and public affairs. "These are improvements that need to be made. ..."The average citizen in Duluth is not going to be able to afford an increase like that," said Sue Siverson of Duluth.
Also filed under [
Impact on Economy|
Minnesota]
Tempers flare in U.S. over Chinese involvement in wind farm planned for Texas
November 1, 2009 by Tom Zeller Jr. in New York Times
November 1, 2009 by Tom Zeller Jr. in New York Times
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.
To municipal wind power advocates, net metering is the Holy Grail. ...Net metering provisions virtually double what municipalities are currently paid for the power they generate through renewable energy. It also allowed the towns to get credits at the wholesale rate for their power ...But some Cape municipal and county officials are worried that wind turbines that are still in the planning stages will not get the benefits of net metering because of a cap the state Legislature imposed on the total amount of power that could be generated under the program.
State officials deliberately underestimated the cost of Gov. Ted Kulongoski's plan to lure green energy companies to Oregon with big taxpayer subsidies, resulting in a program that cost 40 times more than unsuspecting lawmakers were told, an investigation by The Oregonian shows.
Records also show that the program, a favorite of Kulongoski's known as the Business Energy Tax Credit, has given millions of dollars to failed companies while voters are being asked to raise income taxes because the state budget doesn't have enough to pay for schools and other programs.
China to supply turbines and funding for $1.5bn Texas wind farm
October 30, 2009 by Yvonne Chan in BusinessGreen
October 30, 2009 by Yvonne Chan in BusinessGreen
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.
Wind power firm could be forced to cut 150 jobs unless Government assists renewable energy sector
October 26, 2009 by James Thomson in Smart Company
October 26, 2009 by James Thomson in Smart Company
A renewable energy entrepreneur says he will be forced to cut 150 staff from his company unless the Federal Government can deliver more assistance to wind power equipment manufacturers.
The threat comes as the Government's rebate for solar hot water has created huge demand, forcing down prices for renewable energy credits and stifling demand for other forms of alternative energy.
Also filed under [
Impact on Economy|
Australia / New Zealand]
KU and sister company Louisville Gas and Electric Co. plan to purchase wind power from the breezy prairie of northern Illinois to help meet what they expect will be federal requirements to increase their use of renewable energy.
Last month, they asked the Kentucky Public Service Commission for permission to add a "renewable resource clause" to customer bills so they can recover the costs of the pricier wind power and transmission.
Nova Scotians may face higher electricity costs in the short term as the province moves toward cleaner and renewable energy, says the man in charge of overseeing Nova Scotia's renewable energy strategy.
Dalhousie University's David Wheeler said Monday it is inevitable Nova Scotia Power customers will face a jump in prices ..."If we end up with a global carbon energy tax, then producing energy from coal is going to be very expensive for Nova Scotia consumers," Mr. Wheeler told reporters.
With little precedent, cost of wind power up in the air
October 17, 2009 by Alex Kuffner in Providence Journal
October 17, 2009 by Alex Kuffner in Providence Journal
The main point of contention in the contract talks between National Grid and Deepwater Wind is the price of electricity generated by the proposed wind farm off Block Island.
Deepwater has quoted a price of between 20 and 25 cents per kilowatt-hour. National Grid has calculated the cost, with adjustments over time, to be closer to 30.7 cents per kilowatt hour. Either price is much higher than the 9.2 cents per kilowatt-hour that National Grid pays for power mainly from natural gas plants. So far, the utility has refused to pay the higher cost for wind energy, saying it's simply too much.
New global investment in clean-energy companies fell 22 percent in the third quarter as government financing was offset by tight credit markets, according to new research released Friday.
From July to September, new global investment totaled $25.9 billion, down 22 percent from a year ago and off 9 percent from the second quarter, according to London-based New Energy Finance, a global research firm.
Also filed under [
Impact on Economy|
Tax Breaks & Subsidies]
China's wind farms come with a catch: coal plants
September 27, 2009 by Jing Yang in Wall Street Journal
September 27, 2009 by Jing Yang in Wall Street Journal
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.
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.