Impact on Economy
Note: counts do not include items in sub-categories
ONE of the North-East's biggest visitor attractions is to lead the fight against plans for a wind farm in Northumberland.
And the Duchess of Northumberland's Alnwick Garden will be backed by other tourism favourites, including the Chillingham Wild Cattle park and possibly Alnwick Castle - the home she shares with the Duke of Northumberland. ...
"The garden is concerned that the sheer scale of the development may discourage visitors to the Alnwick area - these visitors freely express the pleasure they feel when enjoying the fantastic natural and historic landscapes of Northumberland together with the coastal area of natural beauty and the Northumberland National Park."
According to the Financial Times, E.ON UK, the British arm of the German energy group, said the viability of its London Array project, a planned 1000 MW wind farm in the Thames estuary, had been called into question by the falling prices of oil, gas and carbon dioxide emissions permits. ...Centrica, the owner of British Gas, estimates that each megawatt of wind power capacity costs about £3m to build: more than the equivalent cost for a nuclear power station.
Germany's transition to renewable energy may cost up to 1 trillion euros ($1.34 trillion) in the next two decades, the environment minister said on Wednesday, piling pressure on his opponents to back plans to cap power price rises before the election.
Grid operators are reluctant to build power lines at sea because they have to pay compensation should they break down. So many wind farms could lack the means to transfer the power they are generating back to the mainland.
The government is trying to pass on those costs to power consumers to reduce the risk for investors.
German savings banks are handing out more loans to renewable-energy projects as corporate rivals retreat from financing the world's biggest solar-panel market.
The 438 savings banks financed 45 percent of the 5.3 billion euros ($7 billion) invested in solar and wind power projects in 2008, while loans from major corporate lenders including Deutsche Bank AG shrank to 0.8 percent.
Green energy used to be Germany's great hope for its economic future. But now the German solar industry is in trouble amid huge losses, job cuts and the threat of bankruptcies. Chinese firms are gaining an ever greater share of the German market -- and are benefiting from German subsidies for renewable energy.
The country's four main grid operators said Monday that households will from January see a nearly 50 percent rise in the tax they pay to finance the switchover - from €3.6 cents to €5.3 cents ($6.7 cents) per kilowatt hour. A typical family of four will pay about €250 ($324) per year under the tariff, including a sales tax.
Wednesday's proposals also coincide with a debate about spiraling electricity costs for private households ...Holger Krawinkel, head of energy issues at the Federation of German Consumer Organizations, said that the plan to pass on costs will further increase the bills that householders have to pay for the planned expansion of renewable energies.
The group behind what is said to be Australia's first community-owned wind farm says the global financial crisis has affected fundraising for the project.
Hepburn Wind wants to build two turbines at Leonard's Hill near Daylesford.
It has spent the past three months trying to raise $5 million from investors, but it has only received share applications worth $2 million.
The state's big bet on wind power has attracted a few hundred jobs so far. But even that success shows the huge challenge Kansas faces. ..."We need to temper our expectations on wind energy," said David Swenson, an Iowa State University economist known for deflating the ethanol industry's job claims. Now, he says, the same "environment of hype" is developing around wind power.
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.
Goldman Sachs on Tuesday slapped sell ratings on the two largest publicly traded U.S. solar power firms, with the broker flagging the possibility of oversupply as overseas subsidies dry up in the face of the global economic meltdown.
Goldman analyst Michael Molnar forecast "strong headwinds for valuation" as he downgraded shares of First Solar (FSLR) to conviction sell from buy and SunPower (SPWRA) to sell from buy.
The governor proposed adding a threshold test in which state regulators would kick out proposals projected to raise an average family's electricity bill by more than $2 a month in the first year. The administration anticipates the financial impact will decrease after the first year if fossil fuel prices continue to rise.
"Homeowners will pay $85 more per year on their electricity bill and business will pay more than $600 annually," says LePage - citing a study by the Maine Heritage Policy Center and Beacon Hill Institute. "Industrial users will suffer the most taking on more than $14,000 per year because of the mandate."
Gov. Deval Patrick on Wednesday pointed to jobs the project will produce, announcing that a company based in Middleborough will make the foundations for the giant wind turbines ...The announcement came as the Alliance to Protect Nantucket Sound, released results of a poll where 70 percent of respondents, once apprised of the increase in electric bills associated with the project, said they opposed the project.
(TRENTON) – The Blue Ribbon Panel on Development of Wind Turbine Facilities in Coastal Waters today announced their interim report is publicly available and a public meeting has been scheduled to solicit feedback on the report. Acting Governor Richard J. Codey established the Blue Ribbon Panel by executive order last December. The panel is charged with studying the costs and benefits of developing offshore wind turbines. The interim report represents the progress to date toward meeting Codey’s mandate.
Annually, residential customers will pay a total of $41 million under the bill, and commercial and industrial consumers will pay $54.8 million, according to a state analysis. The developer of the project will recover about $1.73 billion from customers over the life of the project.
In her State of the State speech, Gov. Jennifer Granholm outlined a restructuring of Michigan's energy infrastructure that aims to meet this industrial state's future energy needs with wind power. The plan is radical but hardly new. The governor's policy closely parallels the failed experiment of Denmark -- a similar peninsular water state that has invested billions of dollars in wind generation during the last 25 years. ...it is crucial that the state understand the lessons of Denmark and the very real limitations of wind power.
Seven Grant County residents have filed suit to try to block construction of 200 giant wind turbines proposed near their homes.
Jerome E. Burch and six other residents sued developers of the $150 million Mount Storm wind project.
In their 14-page complaint, the residents allege that the NedPower Mount Storm LLC project will be a “nuisance” and “an eyesore” that creates excess noise and kills birds and bats.
The suit also alleges that the project will generate little power but receive lucrative federal and state tax breaks.