In the aftermath of Deepwater Horizon, BP’s stocks have rallied, Halliburton has been named to the Dow Jones Sustainability Index and many people are wondering if the world has slipped into a self-induced amnesia.
But not Mark Mills, founding partner of Digital Power Capital, a private equity firm that invests in energy-oriented technologies. To Mills, a
The world’s largest wind farm, which will boost Britain’s capacity to generate wind power by more than 30 percent, has opened off the coast of Kent. The Thanet wind farm, operated by the Swedish company Vattenfall, contains 100 turbines and will ultimately have 341 turbines capable of generating enough electricity for 200,000 households. The turbines, nearly 400 feet tall, are located seven miles
The Brazilian government earlier this month held a wind, hydroelectric and biomass auction that is expected to prompt US$ 5.52 billion in investments in renewable energies in Brazil. The resulting investments are expected to come primarily from private enterprise.
The auction, which contracted power from
rAccording to Agence France Presse (AFP), the French government will launch next month a tender for contracts of 10 billion euros ($12.6 billion) to build 3,000 MW of offshore wind capacity.
600 wind turbines will be implemented within five to ten sites in Normandy, Brittany and the regions of Pays de la Loire and
Australian officials plan to build a 140-turbine wind farm in Victoria, the nation’s most densely populated state, by 2013, a billion-dollar project that would be the largest in the Southern hemisphere. The wind farm will provide enough electricity for 220,000 homes and is key to the nation’s new target of meeting 20 percent of its energy needs with renewable
RIP, Energy Bill: Senate Majority Leader Harry Reid announced he didn’t have the votes to pass a climate-change bill that puts a price on greenhouse gases. With that statement one of Obama’s major campaign promises crashed to earth, along with hopes for slowing global warming or using cleantech to jump-start the U.S. economy. In place of a real energy bill is an
(Reuters) – General Electric Co said on Monday it was tapped to sell wind turbines for what is expected to be the first freshwater wind farm in the United States, planned for Lake Erie in the American Midwest.
The largest U.S. conglomerate will initially provide five four-megawatt turbines to the planned wind farm, which is expected to begin operation in late 2012 and would be capable of producing enough electricity to meet the needs of 16,000 typical American homes.
The wind farm is scheduled to be built off the shores of Cleveland, Ohio, and its developers — the nonprofit Lake Erie Energy Development Corp — have a long-term goal of building it out to have a capacity of producing 1,000 megawatts of electricity by 2020.
The Oil Spill’s Unlikely Victim: As oil from the Deepwater Horizon spill continued to gush into the Gulf of Mexico, it tarred the feathers of an endangered creature: the climate bill. Sens. John Kerry and Joe Lieberman introduced a retooled American Power Act on Wednesday to little fanfare. Perhaps that’s because the media’s klieg lights were already divided between the grilling of oil executives on Capitol Hill or the so-far hapless efforts to plug the leak. Or maybe it’s because the two senators took to the dais without their erstwhile Republican ally, Lindsey Graham. Nevertheless, it was ironic to see a solution to our fossil-fuel addiction pushed to the side because of a fossil-fuel disaster. Must we cap the gusher before we get a cap on CO2?
More Electric Cars Roll to the Starting Line: You’ve heard that the Nissan Leaf and the Chevy Volt are on the way, but how about the Think and the Wheego? Wheego, a maker of electric putt-putt vehicles based in Atlanta, hopes that 200 highway-ready copies of its Whip Life will roll off the assembly line by August, months ahead of the well-publicized launch of the Leaf. Meanwhile, the Norwegian carmaker Think raised $40 million this week and plans to start assembly of the tiny Think City in Elkhart, Indiana in early 2011.
U.S. Interior Secretary Ken Salazar has approved the nation’s first offshore wind farm off the coast of Cape Cod in Massachusetts, a $1 billion project that has survived nine years of regulatory review and a well-financed campaign to kill the plan.
The Cape Wind project will include construction of 130 wind turbines over a 24-square-mile area in the shallow waters of Nantucket Sound, an area within view of the tourist regions of Cape Cod, Nantucket, and Martha’s Vineyard.
Salazar called the project a first step in the nation’s “clean energy revolution,” and vowed, “This will be the first of many projects up and down the Atlantic coast.”
To date not a single offshore wind turbine been built in the United States. Meanwhile Europe, China and Japan are far along in developing a water-based wind power industry. All one needs is a strong and steady wind as well as a relatively easy way to connect o the power grid so as to transmit the power gained from the wind. Most people think of wind power from various land based operations. However, it can be done by basing the wind turbine in the sea.
A wind farm is a group of wind turbines in the same location used for production of electric power. Individual turbines are interconnected with a medium voltage power collection system and communications network. At a substation, this medium voltage electrical current is increased in voltage with a transformer for connection to the high voltage transmission system.
Near shore turbine installations are on land within 5 miles of a shoreline or on water within ten miles. These areas are good sites for turbine installation, because of wind produced by convection due to differential heating of land and sea each day. Wind speeds in these zones share the characteristics of both onshore and offshore wind, depending on the prevailing wind direction.
A period of extremely cold, windless weather has brought home to the British the drawbacks of relying on wind power and the need to keep a supply of natural gas in reserve. While the cold spell has strained natural gas supplies, leading in some cases to cutoffs to industrial users, it also has highlighted the unpredictability of wind power. Although Britain’s wind farms are supposed to provide 5 percent of the country’s electricity, they were in fact only providing 0.2 percent during the recent run of frigid, still days.
Global investments in alternative energy projects will rise nearly 50 percent in 2010, climbing from $130 billion this year to $200 billion next year.
In a survey of the green energy market, Bloomberg News reports that despite the dim prospects of forging a climate treaty in Copenhagen this month, companies and governments are moving rapidly ahead to build wind power farms, large solar arrays, and other green energy projects.
Thanks in large part to state-funded economic stimulus programs, government spending on green energy will more than double in 2010 to about $60 billion, according to the report.
Analysts said that with China, the European Union (EU), and individual U.S. states aggressively adopting regulations and incentives promoting green energy, the field will continue to rapidly develop even if a global climate treaty is not signed.