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Danish wind turbines are now producing so much energy that they may have to be stopped at night in order to avoid excess production duties. ..."When prices go negative, wind turbines will probably have equipment installed so that you can reduce production," Marketing Manager Nicolaj Nørgaard Petersen tells Jyllands-Posten.
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Denmark]
Granholm's energy answer isn't blowing in the wind
February 10, 2009 by Henry Payne in The Detroit News
February 10, 2009 by Henry Payne in The Detroit News
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.
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Michigan]
Stalled out: Efforts to bring a renewable energy plant to the region have encountered stiff out-of-state competition
January 24, 2009 by Cyndy Cole in Arizona Daily Sun
January 24, 2009 by Cyndy Cole in Arizona Daily Sun
If they could demonstrate there was a desire for renewables here, perhaps Arizona Public Service would sign a contract with an entrepreneur to start a solar, wind or biomass energy project in northern Arizona and create new jobs here, they reasoned. That didn't happen -- APS spent that money on renewable power elsewhere. But backers aren't dismayed and say they will continue the project this coming year.
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Arizona]
Utility wants to hike rates: NYSEG says it will also cut spending to save money
January 16, 2009 by Larry Rulison in Times Union
January 16, 2009 by Larry Rulison in Times Union
New York State Electric & Gas Corp., acquired last fall by a large Spanish utility, wants to increase rates and plans to reduce capital spending this year as it faces serious financial issues. ...It is unclear how any rate increase sought by NYSEG would be impacted by the $275 million that the PSC has ordered Iberdrola to return to upstate customers as a condition of the merger.
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New York]
Higher electricity bills in Redding's future
December 14, 2008 by Scott Mobley in The Record Searchlight
December 14, 2008 by Scott Mobley in The Record Searchlight
The nearly 8 percent rate increase Redding Electric Utility will seek Tuesday for next year and 2010 could be just the beginning of a long, steady and rather steep cost climb for customers.
Rate forecasts through 2014 show REU imposing identical 7.84 percent increases each year while still chewing through wads of cash. ...Redding has made up for the lost hydropower, in part, by commissioning a pair of large gas-fired turbines at its plant on Clear Creek Road. The utility has also entered long-term contracts for wind and biomass power.
The wind and biomass have allowed REU to meet state renewable energy mandates. But all three power sources cost more than twice as much as hydropower, adding $10.5 million each year on average to REU's fuel tab, Hauser said.
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California]
A power producer typically gets paid for the power it generates. In Texas, some wind energy generators are paying to have someone take power off their hands.
Because of intense competition, the way wind tax credits work, the location of the wind farms and the fact that the wind often blows at night, wind farms in Texas are generating power they can't sell. To get rid of it, they are paying the state's main grid operator to accept it. $40 a megawatt hour is roughly the going rate.
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Texas]
Solar power costlier for Florida than nuclear, report finds
November 26, 2008 by John Dorschner in Miami Herald
November 26, 2008 by John Dorschner in Miami Herald
In a much anticipated report that could affect every Floridian's pocketbook, a consultant hired by the state says solar power could be a competitive source of electricity by 2020 in many scenarios, but it will cost considerably more than new nuclear power and natural gas, the main sources of power for present customers of Florida Power & Light.
Biomass -- things like plant waste, wood chips and garbage -- will be a financially viable source in all scenarios, but wind isn't likely to be much of a factor in Florida.
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Florida]
Credit crunch, lower natural gas, transmission congestion put brakes on wind power
November 17, 2008 by Jim Fuquay in Star-Telegram
November 17, 2008 by Jim Fuquay in Star-Telegram
When investor Boone Pickens put a hold on a huge wind power project in the Texas Panhandle that he had announced in the spring, he wasn't alone.
A number of wind power developers and researchers say the ongoing credit crisis, together with transmission congestion in West Texas and falling natural gas prices, will slow the state's breakneck expansion of wind capacity. ...But there also is a peculiar wrinkle in wind power's finance that makes the current environment doubly challenging.
"Most wind projects in the U.S. are funded by investors with an appetite for tax benefits," said David Groberg, vice president of Invenergy Wind, a Chicago-based company with 690 megawatts of wind capacity in Texas.
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Texas]
Offshore wind costs alarm Centrica
November 14, 2008 by Ed Crooks and Fiona Harvey in Financial Times
November 14, 2008 by Ed Crooks and Fiona Harvey in Financial Times
The cost of offshore wind farms has continued to soar, Centrica said, leading the company to review the economics of its £4bn wind power investment programme.
The spiralling costs of offshore wind threaten to derail the government's renewable energy plans, which rely heavily on offshore turbines because of the difficulty and delays in obtaining planning permission for onshore wind farms.
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UK]
Texas consumers and taxpayers could pay more than $2.2 billion a year in subsidies and higher transmission costs to take advantage of the state's abundant wind-generation resources, a free-market research group said on Tuesday.
The state's current push to accelerate use of wind-generated electricity is "costing, not saving, Texans billions of dollars," said Bill Peacock, director of the Texas Public Policy Foundation's Center for Economic Freedom. ...By 2025, the study said the price tag could total $60 billion as Texas reaches 10,000 megawatts of wind capacity.
Financial Fallout: Why renewable energy has the blues
October 20, 2008 by Keith Johnson in Wall Street Journal
October 20, 2008 by Keith Johnson in Wall Street Journal
Renewable energy's gone in the space of a few months from market darling to whipping boy. Shares in solar- and wind-power companies have suffered even more than the market at large. The outlook for new projects is growing increasingly cloudy.
But that's not because renewable energy suddenly got uglier. It's because of the fallout from financial-market turmoil ..."Natural gas at $6 makes wind look like a questionable idea and solar power unfathomably expensive," said Kevin Book, a senior vice president at FBR Capital Markets.
Also filed under [
USA]
Winds shift for renewable energy as oil price sinks, money gets tight
October 20, 2008 by Tom Wright in Wall Street Journal
October 20, 2008 by Tom Wright in Wall Street Journal
The prospects of renewable-energy companies soared with oil prices, but the global credit crunch and the easing of energy costs have brought them back to earth with a thud.
With banks reluctant to lend and their stock prices tumbling, many green-energy concerns are struggling to find the long-term funding they need to expand in a capital-intensive industry.
In the past three months, global renewable-energy stocks tracked by New Energy Finance, a London-based consultancy, have dropped about 45%, compared with a 23% decline in the Dow Jones Industrial Average over the same period.
The sector's problems have been compounded by the skid in oil prices to below $70 a barrel.
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USA]
Energy projects move ahead despite downturn
October 19, 2008 by Matthew Brown in Great Falls Tribune
October 19, 2008 by Matthew Brown in Great Falls Tribune
Financing prospects for large-scale energy projects in Montana have dimmed with the crisis on Wall Street, but some that already are under way should proceed as planned, state officials and developers said. ...Gov. Brian Schweitzer told The Associated Press in a recent interview that several companies assured him their projects will not be derailed by the downturn. Still, he cautioned that the recent heady pace of development could end if the economic outlook remains grim and banks stay reluctant — or unable — to make large loans.
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Montana]
Critics say DWP risks lockout in looming green energy grab
October 19, 2008 by Kerry Cavanaugh in Contra Costa Times
October 19, 2008 by Kerry Cavanaugh in Contra Costa Times
Unless the DWP moves quickly to lock in contracts with alternative energy providers, it risks paying exponentially higher rates for green power to meet a 2010 deadline to double its renewable energy supply.
Despite assurances from the Department of Water and Power, some city leaders are skeptical the utility will be able to meet and sustain the 20 percent renewable energy mandate set by Mayor Antonio Villaraigosa. ...customers are already paying more to cover the transition to green power. The DWP can and has tacked on a surcharge of as much as 4 percent a year to customer bills to cover renewable energy and natural gas expenses.
Also filed under [
California]
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.
Also filed under [
USA]
Wind energy is considered beneficial because of the reduced emissions of greenhouse gases, air pollutants and hazardous wastes as well as a decrease in the reliance of foreign energy. It's controversial however, because it's more than three times more expensive than traditional energy sources, such as coal, and far less reliable. ..."We believe a better option would be to send price signals to the market that encourage those renewables that can produce electricity during peak demand periods and that are built closer to the urban or load centers," [Linowes] said.
Also filed under [
Kansas]
In newspaper advertisements, ApCo says customers who sign up are "investing in a future of energy that's both clean and green." ...But ApCo has already agreed to buy the green power. ApCo contracted for 75 megawatts of energy from the Camp Grove Wind Farm in central Illinois and 100 megawatts from the Fowler Ridge Wind Farm in western Indiana. ApCo already buys power from Summersville Hydro in West Virginia, and has plans to buy from the Beech Ridge Wind Energy project in Greenbrier County when it is finished.
So what's the benefit if ApCo customers sign up, given that the company's already buying the green power?
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West Virginia]
Electric customers to pay 24¢ on bill for wind projects
August 15, 2008 by Aaron Nathans in The News Journal
August 15, 2008 by Aaron Nathans in The News Journal
A Delmarva Power consultant estimates that three land-based wind contracts will cost residential customers the equivalent of 24 cents more a month over the life of the contracts.
The estimate was part of a package of financial information Delmarva has submitted to the Public Service Commission, which will consider approval of the company's land-based wind power contracts in the coming months.
Also filed under [
Delaware]
Greenpower users will be double billed if changes to the new greenhouse gas reporting system are not made, says University of Adelaide climate change Professor Barry Brook.
This could cause the GreenPower national accreditation scheme to "implode" when an emissions trading scheme is introduced in 2010.
Professor Brook said the almost 750,000 households and businesses using GreenPower nationally would be penalised once an emissions trading scheme was introduced as they would be paying extra to buy power from renewable sources.
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Australia / New Zealand]
Green energy plan 'will force more families into fuel poverty'
June 25, 2008 by James Kirkup and Paul Ecclestone in The Telegraph
June 25, 2008 by James Kirkup and Paul Ecclestone in The Telegraph
More families will be driven into fuel poverty as a push to generate more electricity from "green" sources like wind, wave and solar power sharply increases household fuel bills, the Government has said.
Electricity bills could rise by 13 per cent and gas prices could go up by as much as 37 per cent as consumers are made to pay more to subsidise green energy production, ministers said in a new Renewable Energy Strategy. ...The Renewable Energy Strategy says: "It is likely that the measures we need to use to increase renewable energy will add to the challenges we face in combating fuel poverty."
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Impact on People|
UK]