Articles filed under Impact on Economy
Scola is concerned about state and federal regulations. But his big concern is the prospect of hundreds, and perhaps even thousands, of giant wind turbines spread out in the New York Bight, an area along the Atlantic Coast that extends from southern New Jersey to Montauk Point. It’s one of the most productive fishing grounds on the Eastern Seaboard.
The document claims that ‘it has been widely assumed that the underlying costs of offshore wind are falling and that the CfD prices indicate a sudden paradigm for the technology’. Yet, the report points to statistical analysis of the data, covering 86 wind farms, which suggests that the capital cost of offshore wind (£/MWh installed) is not in actual fact falling, but actually rising as a consequence of companies moving into deeper and deeper waters.
Victorian taxpayers will cough up hundreds of millions of dollars to help pay for the Andrews government’s upcoming solar and wind farm auction. ...The move will punch a $250-350 million hole in the state Budget, and experts warn the full cost could be much higher.
In 2010, Mississippi lawmakers handed out $400 million in loans to green companies in return for providing 5,000 jobs. What did taxpayers wind up with? For the most part, Mississippi's green dream has become a black hole.
Legislation to cut off the subsidy on July 1 passed the Oklahoma House and a Senate committee, potentially saving the state billions of dollars, but lawmakers still must contend with an army of pro-wind lobbyists before casting the decisive votes. Our state has many other needs, from education to infrastructure repairs, more important than subsidizing the mature wind industry. Please reach out to your legislators to make sure they make the right decision on this critical issue.
"TVA has concluded that it doesn't need more power for the foreseeable future. Therefore, its board should resist obligating TVA's ratepayers for any new large power contracts, much less contracts for comparatively expensive and unreliable wind power. Instead, TVA should continue to provide low-cost, reliable power to the region that boosts economic development throughout the Tennessee Valley."
Labor’s plan to produce 50 per cent of electricity from renewables by 2030 has been dealt a blow by the national power market operator, which has warned that Queensland’s push for the target could lead to higher electricity prices and an unstable network.
The board of Niagara-on-the-Lake Hydro (NOTL) released a statement Wednesday that asked Ontario Energy Minister Glenn Thibeault to kill the Feed-in-Tariff (FIT) 5 program — the latest round of renewable energy procurement — arguing it will further drive up already expensive electricity rates.
Now is the time to debunk Labor’s myth-making and expose the true cost that its energy policies will have on Australian households and businesses.
After cancelling this year’s only wind and solar tender Brazil is considering cancelling power purchase agreements (PPAs) of contracted, but unfinished or unbuilt, power plants, as revised figures indicate a stronger-than-expected decline in demand that leaves more than 9GW of surplus firm generation capacity contracted by 2019.
The combination of a federal push for big industrial wind projects, the New York State mandates for 50 percent renewables by 2030 and tax incentives, tax subsidies and other financial carrots have created a strong corporate drive for industrial wind projects all over rural New York.
“While emissions-reduction policies are politically fashionable, the obvious result of the EU’s policies has been ... growing backlash at the soaring cost of the renewable-heavy mandates. The backlash is also coming from rural landowners who are inflamed by the encroachment of large wind-energy projects on their neighbourhoods. This backlash has forced European policy makers to begin scaling back their plans.”
BHP Billiton chief executive Andrew Mackenzie is furious that another failure of the electricity network in South Australia resulted in the prized Olympic Dam mine being without power for more than four hours overnight.
In yet another sign of the crisis caused for many in the province by soaring electricity rates, the Ontario Association of Food Banks says the fallout is putting the squeeze on the basic needs of many. “If people have to choose between keeping the lights on and going hungry, they go without food,” Carolyn Stewart, executive director of the association, said ahead of Monday’s release of the group’s Hunger Report 2016. Soaring hydro costs have become an Achilles heel for the Liberal government, which took a costly plunge into green energy in 2009.
The poll suggests the issues Ms. Wynne has spent most of her time on – building transit and fighting climate change – are low on voters’ priority lists. Infrastructure investments was the top issue for just 4.8 per cent of respondents, and the environment clocked in at 4 per cent.
Five years after Ontario pulled the plug on offshore wind installations, including a 130-turbine project in Lake Ontario, a NAFTA tribunal has ordered the province to fork over $25 million in damages plus $3 million in legal costs to Windstream Energy LLC, kicking up gusts of mixed reaction from environmentalists and trade activists.
The levy German power consumers pay on their electricity bills to finance the build-up of renewables (EEG surcharge) next year will jump by 8.3% to €0.0688 ($0.0758) per kilowatt hour of electricity consumed, re-igniting a heated debate on the cost of the country’s energy transition.
Sheppard Air Force Base has asserted that proposed wind developments in nearby Clay County would interfere with its radar operation and flight training missions. If erected, wind turbines in a 25-mile radius of the base could cause Sheppard's mission to be moved to another military installation, a move that likely would be a crippling blow to the Wichita Falls economy.
Highland-based industry watcher Stuart Young said: "I was disgusted how people were crowing about how much electricity had been generated by wind when customers are going to be hit so hard in their pockets. "The number of megawatt hours wasted - constrained off - was 46,150.
The province signed long-term contracts with a handful of lucky firms, guaranteeing them 13.5 cents per kWh for electricity produced from wind, and even more from solar. Obviously, if the wholesale price is around 2.5 cents, and the wind turbines are guaranteed 13.5 cents, someone has to kick in 11 cents to make up the difference. That’s where the GA comes in. The more the wind blows, and the more turbines get built, the bigger the losses and the higher the GA.