Articles filed under Impact on Economy
The centerpiece of the plan is a dramatic increase in renewables and storage, adding approximately 5,600 MW of new capacity. This includes 2,300 MW of wind power, 1,600 MW of large-scale solar projects and 400 MW of battery storage. Another 1,300 MW of distributed solar, such as community solar gardens, would also be added.
Union representation, pay and benefits in the fast-growing wind and solar power industries at the center of a clean energy transition lag those in oil, gas and coal, according to data from the U.S. Bureau of Labor Statistics, academic studies and interviews with labor experts and industry officials. Solar and wind energy installations, once built, also tend to require fewer workers to run than oil and gas infrastructure. And both industries rely heavily on imported components to keep costs down, potentially limiting their U.S. job creation.
In 2019 more than half of wind generation occurred at night, "resulting in lower average wholesale prices for wind-powered electricity than solar-powered electricity." EIA data shows wind farms in Texas, Oklahoma and Kansas collectively produced 45% of total U.S. wind generation in 2019 and in those states the average wholesale wind price was $26/MWh compared with $47/MWh for wind generation in the remaining states.
A three-day online public inquiry will take place over the planned compulsory purchase (CPO) of land, including part of Carnoustie’s famous golf links, for work associated with what will become Scotland’s largest offshore wind farm.
Communities in Oaxaca say they were hoodwinked into approving wind parks that pollute their land. As another development looms, they're hoping a legal injunction puts power back in their hands.
Power prices in Germany are among the highest in Europe, not least due to the costs arising from the launch of renewable energy sources – but many customers continue to support the country's energy transition regardless. While wholesale electricity prices on average have been in decline in recent years, surcharges, taxes, and grid fees raise the bill for Germany's private households and small businesses. However, market observers say that power costs are often not even high enough for customers to look for cheaper alternatives.
We do not need wind power in this country. We have a surplus of hydropower, and for the past ten years have exported an average of about 10 Twh per year. Because of the enormous damage in the nature of the encroachment, the wind power industry is therefore trying to give wind power on land in Norway a positive "climate stamp". Because we already have power surpluses, all new wind power leads to increased power exports.
Defenders of California’s renewable-first policy say that the state’s average residential electricity bills are relatively low. But that has ...everything to do with a temperate climate where Californians simply use less energy. Move California’s electricity prices to other states and the same electricity rates would be devastating. And yet, California’s energy approach is being replicated across the country, with little understanding of the potential consequences.
Electricity bills could double to bail out new wind farms that have massively underestimated their operating costs, a former adviser to the World Bank has claimed. Two offshore wind projects secured contracts to supply renewable energy at reduced costs in 2017 and it was hailed the result of huge strides made in technology and engineering, sparking hopes of a green jobs boom.
Locally, Massachusetts and Rhode Island commercial and recreation fishermen continue to be concerned about the lack of habitat and fish studies before development starts in wind farm lease areas.
Prospect, the union which covers much of the sector, has found a 30% drop in renewable energy jobs between 2014 and 2017, as government cuts to incentives and support schemes started to bite. It also found investment in renewables in the UK more than halved between 2015 and 2017.
The changed amendment ...would direct the Department of Public Utilities to not approve any subsequent offshore wind contract “if the levelized price per megawatt hour, plus associated transmission costs, is greater than or equal to the adjusted levelized price per megawatt hour, plus transmission costs, that resulted from the previous procurement after adjusting such procurement’s price for the availability of federal tax credits, inflation and incentives.”
Utilities in several states are attempting to run a con game on their respective states’ utility commissions and ratepayers. How? By claiming that their plans for prematurely shuttering existing, reliable, relatively inexpensive coal power plants and replacing them with expensive, intermittent renewable power sources will save ratepayers money “in the long run.” Meanwhile, they ask for an immediate increase in electric rates to pay for the transition.
This month, two brand new wind farms from Alliant Energy's Iowa energy company will start generating low cost, renewable energy. It's great news as the state continues to see a boom in wind turbine production and placement by energy companies. But Alliant also wants to recoup the cost of those new turbines so, you guessed it. Your electric rates are about to go up.
When LIPA trustees voted in November to approve a $388 million expansion of the planned South Fork offshore wind farm, they were told federal tax credits that were being phased out made the year-end vote a "one-time opportunity" to save customers millions of dollars.
The city lost $21.8 million on its wind and solar contracts from 2016 to 2018 due to the falling prices of oil and gas, according to figures provided by City Manager David Morgan. Georgetown is renegotiating its 20- to 25-year wind and solar contracts to try to get a better deal, Morgan has said.
Falmouth will also spend the next 11 years paying off the remaining $3.6 million in bonds it floated to pay for the first turbine. The stimulus grant covered the cost of the second turbine on condition that it operates as an “energy efficient project.” So unless Falmouth can find someone else to take the turbine, get it running, and persuade regulators that this meets its contractual obligations, the town will be on the hook for another $5 million. That’s a lot of wasted money in a town with fewer than 32,000 residents.
Electric bills for city of Georgetown customers will increase by an average of $12.82 per month starting Feb. 1 to help the city recover the cost of purchasing energy, according to a city news release.
The oft reiterated promise of “cheap renewable green energy” is a quixotic myth, fabricated by those who have an economic incentive to lie, championed by those with a political agenda to advance, and believed by those who are too intellectually lazy to do basic research. While there is no “free lunch,” there are practical, cost-effective solutions.
Brady said the Block Island Wind Farm, owned by Deepwater, is only five turbines, tiny by comparison to Vineyard. Yet charter fishermen, who traditionally operate south of the wind farm from January through April, reported a dismal fishing season: the once bountiful cod had disappeared. Ørsted Energy, the parent company of Deepwater, like the owners of the Vineyard, have a practice of paying off fishermen whose livelihoods are damaged by the wind farms.