Expansion in renewables good for Europe’s climate and competitiveness

» By | Published 04 Aug 2010 |

Europe’s renewable energy landscape, already expanding steadily, is readying itself for further growth. At the end of June this year all 27 member states were set to hand-in their National Renewable Energy Action Plans (NREAPs) containing the steps they will take to reach their ambitious renewable energy targets by 2020.  While these plans are still being analysed, it is clear that the NREAPs are a good thing for the renewables sector and protecting our increasingly fragile climate.

Speaking at a Friends of Europe debate, Adam Brown, Senior Energy Analyst at the International Energy Agency (IEA) said: “The IEA’s view is that a huge expansion in renewables is essential to get anywhere near the energy mix which will allow the climate to be managed in a sensible way.”

But it’s not just the climate that will benefit from the renewable expansion that the NREAPs will encourage: Europe can work for its own competitive interests. Philip Lowe, European Commission Director General for Energy, told Europe to “think about developing renewables not just in terms of climate change but also as just plain and simple self-interest in competitive global markets.”

This fact is evident in the wind power sector where, if Europe does not invest in keeping its position as world market leader now, countries like China could step in and overtake Europe’s longstanding lead.

LinkedInShare
Be the first to like.

Stunningly massive wind farm project given green light in US

» By | Published 03 Aug 2010 |

Plans to build the largest wind farm in the US, and possibly the world, took off last week with an announcement that financing worth $1.2 billion had been arranged for four of five initial phases of the ambitious project.

In announcing the deal, Terra-Gen Power said phases two through five of the Alta Wind Energy Center (AWEC) in Kern County, California would generate a total of 570 megawatts of capacity. Construction on phase one of the project, which is expected to generate 150 MW and required $394 million in financing, began in March.

Located in the Mojave Desert about 120 kilometres north of Los Angeles, the AWEC is, with more expansion in the future, potentially a 3,000-MW wind power development initiative.

A Terra-Gen press release said the AWEC project is underpinned by a 1,550 MW power purchase agreement to sell clean, renewable energy to Southern California Edison.

Jim Pagano, CEO of Terra-Gen, said the project will help the US advance its goal of achieving energy independence in an environmentally responsible manner. “The Alta projects I-V will create more than 1,500 domestic manufacturing, construction and operation and maintenance jobs, and inject more than $600 million into the local economy,” Pagnao added.

Last week’s announcement also caught the attention of California Gov. Arnold Schwarzenegger, who has increasingly become a fan of wind energy and other renewables. “Having the world’s largest wind project break ground in our state is tangible evidence that our pioneering policies are drawing investment, improving the economy and creating jobs now when we need them most,” Schwarzenegger said.

LinkedInShare
Be the first to like.