Library filed under Offshore Wind
Hard volcanic rock in the seabed, the strength of wave action which could impede construction and the significant presence of basking sharks are the main reasons for the decision. Announcing its decision, ScottishPower Renewables (SPR) said the Argyll Array project was currently not financially viable in the short term.
Scottish Power scrapped plans for a huge offshore wind farm on Friday due to tricky ground and wave conditions and the presence of protected sharks, making it the third utility in two weeks to drop a wind project in British waters.
ScottishPower has scrapped plans for a £5.4bn wind farm off the west coast of Scotland, saying the seabed was too hard, the waves were too big - and it had discovered of hundreds of basking sharks in the area.
Economics, however, seemed to be the biggest factor in the state agency’s opposition. Fishermen’s Energy project relies on lucrative federal tax credits to make the project viable from a business and ratepayer perspective, but those incentives expire at the end of this year, unless renewed by Congress, and that appears to be a long-shot prospect, at best. “Most importantly, FACW has failed to credibly demonstrate that it will actually receive, at this late date, all of the federal subsidies,’’ the staff said in its brief.
A $200 million investment -- the only one of a specific dollar amount Cape Wind has announced -- is conditioned on whether developers can fully finance the rest of the project by year's end. With less than two months until the deadline, Cape Wind isn't publicly discussing financing efforts.
Ben Warren, environmental finance leader at consultants EY, said that some investors were wary of the U.K. because of the government's Electricity Market Reform, an overhaul of the electricity market that affects everything from nuclear to renewables. "Uncertainty surrounding the current energy framework in the U.K. is widening the time gap between investors announcing their intentions and taking action."
Plans for a huge wind farm off the North Devon coast have been shelved. Developer RWE Innogy is pulling the plug on the 240-turbine Atlantic Array project, the Department of Energy and Climate Change (DECC) told the BBC.
The biggest news is renewables this week was probably the bankruptcy of China's Suntech, once the largest PV firm in the world. But in Germany, the news on Friday that offshore wind farm developer Bard folded drew the most attention in Germany -- as a sign of the struggling offshore sector.
Trillium Power Wind Corp. has won an appeal that will allow it to proceed with a $2.25-billion lawsuit against the government of Ontario for imposing what the company alleges was a politically motivated moratorium on offshore wind farm development during the 2011 election.
Virginia offshore wind development efforts are running into concerns about protecting endangered whales. The North Atlantic right whale is one of the most endangered whale species on the planet, the Virginia Conservation Network’s Chelsea Harnish told the Virginia Offshore Wind Development Authority Wednesday.
Long-stalled wind-energy projects off Long Island's shores could get a second wind if LIPA backs a new proposal and another 5-year-old project wins federal approval, advocates said Wednesday.
"Alex Salmond has a death wish for Scotland, where he wants to put these horrendous industrial wind turbines all over the place," Mr. Trump said in a telephone interview last week.
The University of Maine and its partner companies have offered a glimpse into their offshore wind project proposal, releasing information about plans to supply some power directly to Monhegan Island, the companies working on the project and more specifics on its technology.
Centrica is preparing to abandon a £2bn offshore wind farm project because subsidies offered by the government are too low. The British Gas owner will not build the Race Bank wind farm, 17 miles off the north Norfolk coast, unless proposed subsidies are significantly increased.
Controversial plans for the offshore wind farm being opposed by Donald Trump suffered a hammer blow today when proposals for an onshore substation for the Aberdeen Bay development were thrown out by councillors. A total of 62 out of 85 residents in the hamlet of Blackdog had written official letters of protest against the substation proposal to Aberdeenshire Council.
One-hundred-and-seventy-five wind turbines at the world’s biggest offshore wind plant, the 630MW London Array off Kent’s coast, were shut down from 6.30am until 8.30am.
German bureaucrats have come up with over 4,000 different subsidy categories for renewable energy, apparently adhering to the principle that what is particularly expensive has to be lavishly subsidized. As a result, a large proportion of the subsidies are used to support highly inefficient technology, such as solar parks in regions of eastern Germany that receive relatively little sunlight and wind turbines far off Germany's North Sea coast. ...if the Energiewende turns out to be a climate killer, it would be better to call the whole thing off.
One thing utility customers are eager to see is how much they'll have to pay to support the project. That figure likely won't be released until next month. Price was a sticking point for LePage's administration when it came to Statoil's project, which it said would have pushed $200 million in costs onto utility customers over 20 years. LePage, called it a bad deal for the state.
It wasn't a large plume of smoke. More like a puff. It was white, with a dim flash of red at the beginning. Roughly 30 seconds after the smoke dissipated, a small fountain of water bubbled up to the surface. It was the first of what will be 50 blasts in the bedrock to make way for large boats carrying turbine components to the under-construction South Terminal. Bill White is director of offshore wind for the Massachusetts Clean Energy Center, which owns South Terminal.
With the focus on project completion, Grybowski says the company's top priority is ensuring that Deepwater is able to satisfy the 5% safe-harbor provision to qualify for the investment tax credit. Among other requirements, developers must incur 5% of the project's cost by Dec. 31 to be eligible for the tax incentive. To satisfy the U.S. Treasury's 5% spend threshold, Deepwater plans to use a combination of "historical expenditures" and contracts signed with vendors until the end of the year.