Archive for September 21st, 2008

116,000 Wind Jobs at Stake

Today, the wind industry is experiencing record growth, and hiring new workers every day,” said Randall Swisher, Executive Director of the American Wind Energy Association (AWEA). “Unfortunately, many of those newly created jobs are now at risk, and urgent bipartisan action by Congress is needed to sustain the momentum of this growing clean energy industry.” According to a recent study by Navigant Consulting, failure to promptly extend the renewable energy tax incentives places at risk 116,000 jobs in the wind and solar industries and more than $19 billion in clean energy investment.

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  • T Boone Pickens Calls Economy SICK

    http://www.pickensplan.com/boonecam/

    Boone Pickens says the Economy is SICK and the rising price of OIL is going to come home to roost globally. Cramer even saying SELL on Monday. The House of Cards we call finance sure seems to have caught a global flu.

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  • Wind power could be impacted by legislature and ongoing problems with the financial crisis looming globally as utilities who were going to invest into wind power now asking themselves, why invest in the USA only giving a one year tax credit on wind the ability to build and profit.? Oil prices rose $7 Friday on continued dollar dropping prices globally as the world recoils from the financial disaster looming on the horizon with the dollar dropping. When the dust settles, what will the outcome for wind power be long term? Financial lending in the world is crucial for wind and other forms of power generation into future generations. Does the push for global CLEAN energy overshadow the day to day crisis in world financial markets? Does the rising cost of OIL and COAL make Wind Power more an option long term?? My guess and gut gives the edge to Wind long term but the short term financing and the USA inability to pass a tax credit for more than one year is going to slow wind power going forward.

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  • U.K. Small-Scale Wind-Power Turbine Installs May Double in 2008

    By Nicholas Larkin

    Sept. 20 (Bloomberg) — U.K. installations of small-scale wind-power turbines may more than double this year as the government aims to meet renewable-energy targets and as consumers face rising electricity costs, an industry group said.

    Private turbine installs may reach 7,844, compared with 3,459 in 2007, the British Wind Energy Association said yesterday in a report, using projections from manufacturers. The number of installs last year in Europe’s windiest country climbed 80 percent from 2006, it said.

    Britain is seeking as much as 35 percent of its electricity from “green” sources by 2020, according to the Department for Business, Enterprise and Regulatory Reform. European governments want to increase alternative-energy production to curb greenhouse gas emissions, blamed by scientists for climate change.

    The U.K.’s six biggest energy suppliers haves raised household bills twice this year, as wholesale fuel costs reached records. U.K. electricity for the six months ending March 2009 traded at a record 99.10 pounds ($181.77) a megawatt-hour yesterday, according to broker GFI Group Inc.

    The increase in installations is being driven by technology improvements and the “realization that there are huge savings to be made by deploying small turbines,” the BWEA said in the report, adding that more than 13,000 units may be set up in 2009.

    So-called micro-generation is production from units with a capacity of as much as 1.5 kilowatts and small wind systems are those with a capacity of up to 50 kilowatts. The generators can be freestanding or mounted to walls or roofs of buildings

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