Archive for December, 2008

South Korea will build 12 new Nukes to go to 48% Nuclear Power but will signifigantly increase wind power…….

South Korea also plans to expand its use of alternative energy. Under the government’s long-term plan, renewable energy sources, including solar, wind and water, should account for 11 percent of power consumption by 2030 from the current 2.2 percent.

To achieve its goals, South Korea intends to invest 100 trillion won in alternative energy by 2030. The country seeks a 44-fold increase in the supply of solar power to 3,504 megawatts, a 37- fold gain in wind power to 7,301 megawatts and a 19-fold increase in biofuels supply.

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  • India Blasts Ahead with Wind Power

    India’s wind energy sector — estimated to have a potential of over 45,000 Mw — has seen significant investments from foreign companies who are attracted by the development potential, availability of wind farm equipment at competitive prices and conducive government policies.
     
    Foreign players that have forayed into India’s wind energy sector include Roaring 40s (an equal joint venture between China Light & Power (CLP) and Hydro Tasmania), which is setting up a 50-Mw wind farm in Maharashtra. Hong Kong-based CLP is setting up 100 Mw and 82 Mw wind farms in Gujarat and Karnataka respectively.
     
    Epuron Energy, a subsidiary of Coenergy of Germany, is planning to set up 550-Mw wind farms in the next 3-4 years. Other multinational renewable energy companies such as Westwind of Australia and Axiona of Spain are also planning to invest in wind farms.
     
    BP Energy India Pvt Ltd, a subsidiary of the multinational BP, is planning a 40-Mw wind farm.
     
    “The wind energy sector in India is booming and growing at a rate of about 50 per cent on a year-on-year basis. With price of oil touching $100 per barrel, the world has to look at other cheaper and safe options,” said Venkat Sundaram, general secretary, Indian Wind Power Association.
     
    Less than a fifth of the wind energy potential of the country (7,660 Mw) is realised so far. It takes an investment of Rs 3-6 crore to set up 1 Mw of wind power capacity compared to about Rs 4 crore for a thermal plant.
     
    “It is still a new concept in India, which will gradually pick up,” said Rajiv Mishra, managing director of CLP India, who expects renewable energy to have a 10-15 per cent share in the grid-connected electricity in 10-15 years. CLP group wants to have an installed wind power capacity of about 1,000 Mw in the country.
     
    Currently, about 7 per cent of the country’s installed generation capacity is accounted for by wind power, which has seen rapid growth in the 10th Five-Year Plan with over 5,000 Mw capacity being added against the few hundred megawatts in the previous Plan periods.
     
    Today, with an installed capacity of 7,660 Mw of wind energy, the country stands fourth in the world after Germany, Spain, and the USA. By 2012, this capacity would further increase to 10,500 Mw.
     
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  • Iowa Gaining in Wind Power Energy

    Wind power is generating a lot of excitement across Iowa, which, state and utility officials note, has population and geographic advantages to push it along.

    “The state is primed because the Iowa Department of Economic Development has laid the groundwork for this in the state of Iowa,” said Tom Wind, owner of Jefferson-based Wind Utility Consulting.

    Each year, Wind conducts a projection on the growth of wind power in the Upper Midwest for the IDED.

    “I see the handwriting on the wall out there and know we’re going to have to reduce our greenhouse gas emissions, and about the cheapest way to do it is wind power,” Wind said.

    In 2008, the state has added as much as 1,000 megawatts — enough to power about 300,000 homes — to its electrical grid through wind-generated power, Wind estimated. In 2009, he projects, another 700 megawatts will power up.

    Iowa is ranked No. 3 among states in wind power, and it’s climbing, Wind said.

    “We may pass California here in a year or so,” he said.

    Iowa has an ideal combination of population — it passed 3 million residents this year — and geography for wind power to flourish, Wind noted.

    “Iowa is not the windiest state in the Upper Midwest, but it has enough people and enough electricity needs that it’s a good combination of wind speed and the need for electricity, and we have two utilities, in MidAmerican and Alliant, that believe in wind power.”

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  • As the largest producer of distributed power generation (DPG) systems, and more recently, a potential producer of wind turbines in China, the Shenyang China based company, A-Power Energy Generation Systems, will become the leading alternative energy company in Asia over the next several years. Fortunately, with the current global economic downturn, shares in this company have fallen to levels that provide, in my estimation, a 75% discount to intrinsic value.

    Operating History and Highlights

    • Founded by current CEO, Mr. Lu Jinxiang, in 2003.
    • Leading producer of DPG in China
    • Leading potential position in China’s growing wind power market
    • Proven operating history with Chinese government
    • Excellent YOY revenue and income growth
    • Excellent management team with high insider ownership (36% held by insiders)

    DPG Background, Wind Power Background, and Market Opportunities

    China’s growing demand for electricity has consistently exceeded supply, and an estimated 30M people in 28,000 villages are without power, with 60% of China experiencing power shortages.

    DPG systems are used to power steel, chemical, cement, and food processing facilities, as well as residential areas. DPG is superior to conventional power production because DPG:

    • utilizes factory byproducts (excess steam) to produce energy
    • reduces greenhouse emissions
    • increases efficiency
    • costs 3x to 5x less than traditional energy
    • results in more reliable energy (less brownouts)
    • is easily maintained because of proximity to factory or residential area

    Less than 1% of China’s total energy production in 2006 was from wind. China estimates wind energy will account for 15% of total energy production as early as 2020. Government mandates state that state-owned power companies purchase 100% of the energy produced from wind farms under long-term (20-30 year) contracts, and requires all wind turbines to be installed in China, to be assembled in China.

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  • According to the DOE, it is currently evaluatng the wind power development projects of Energy Development Corp., Northern Luzon UPC Asia Corp. and Constellation Energy Corp.

    EDC has a pending application to develop wind energy resources in Nasurot and Pagudpud, Ilocos Norte.

    The Lopez firm said it is studying the possiblity of putting up a 140-megawatt (MW) wind power facility in Ilocos Norte with the initial phase to start at 42 MW.

    UPC Asia also submitted its requirement but was found to have overlapping areas with EDC.

    Based on UPC Asia’s application, it intends to develop two sites in Pagudpud, Ilocos Norte with the possibility of putting up a 100-MW wind farm.

    UPC Asia is a member of UPC Group, one of Europe’s largest and most successful wind farm developers. The group has installed and operates over 650 MW of large-scale wind turbine generators in southern Italy and the island of Sardinia.

    US firm Constellation Energy Corp., on the other hand, is assessing two projects in Ilog, Negros Occidental and Bais City, Bayawan, Tanjay and Pamplona in Negros Oriental.

    Constellation Energy is in the business of nuclear, coal, natural gas, oil and renewable and alternative energy sources such as solar, geothermal, hydro and biomass. Last year, it posted revenues of $21 billion, making it to the Fortune 125 list.

    The DOE has expressed optimism that with the passage of the Renewable Energy Bill, ithe country will attract more projects on wind energy.

    The Philippines is looking at around 200 MW of wind power projects in various parts of the country with potential investments of around $500 million. A study conducted by the World Wide Fund said the potential wind power capacity is 7,404 MW in 1,038 surveyed sites nationwide.

    Likewise, the Wind Energy Resource Atlas of the Philippines reported that the best wind resources are in Batanes, Babuyan Island, Ilocos Norte, Mindoro, Samar, Leyte, Panay, Negros, Cebu and Palawan. – By Donnabelle L. Gatdula (Philstar News Service



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  • Just the Facts

    Truth is, if every investor just looked at the overwhelming amount of peer-reviewed data in regards to renewable energy, there would be an absolute rush in this sector.

    Now I know we spend a lot of time here touting all the benefits and opportunities found in the renewable energy sector. But let’s take a moment to review some data that bears repeating…

    * According to the U.S. Department of Energy, enough electric power for the entire country could be generated by covering about 9 percent of Nevada with solar power systems. This is a plot of land roughly 92 miles by 92 miles.

    *Also according to the D.O.E., wind could provide 5,800 quads of energy each year. That’s about 15 times the current global energy demand.

    *According to M.I.T., there are over 100 million quads of accessible geothermal energy worldwide. The world consumes only 400 quads.

    *The Electric Power Research Institute has estimated that wave energy along the U.S. coastline at 2,100 Twh per year. That’s half the total U.S. consumption of electricity.

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  • The masses of coal ash sludge that flowed out when a 40-acre TVA waste pond broke open beside the Kingston Fossil Plant in Harriman this week is triple what officials estimated, a TVA document shows.

    The powerful ash slide that knocked down trees and utility poles, pushed one home off its foundation and ran into the Emory River has now been calculated at 5.4 million cubic yards, according to a document the Tennessee Valley Authority issued Thursday. That compares to the 1.8 million cubic yards estimated Wednesday.

    But TVA’s figures on the amount of sludge have shifted three times in the early stages of a disaster that has put a spotlight on TVA and how coal-burning power plants handle ash. Mercury, lead and arsenic that are generally found in coal are among the potentially toxic substances that can concentrate in the ash.

    Environmental activists have pushed for years for the U.S. Environmental Protection Agency to label it as a hazardous waste requiring close regulation.

    The muck, which is spread over 250-400 acres and is several feet deep in places, poured from the elevated settling pond when a side gave way around 1 a.m.
    Monday and forced at least a dozen families to evacuate their homes.

    Bulldozers, backhoes and dump trucks moved through the neighborhood and plant property Thursday as clean-up efforts continued.

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  • Nicaragua Wind Project

    its all about the undeveloped countries going into wind for our worlds future!

    MANAGUA, Nicaragua – Energy-starved Nicaragua is turning to wind as it tries to reduce its dependence on oil-based power.

    In January, the country will begin operating 19 windmills that have the potential to generate 40 megawatts of energy.

    Energy Minister Emilio Rappaccioli said the $90 million project will be operating at full capacity by the end of January and contribute 6 percent of the country’s total energy needs.

    Nicaragua successfully ended rolling blackouts that left the country without power for hours on many days, but the government struggled to pay higher energy costs as oil prices peaked at more than $147 a barrel earlier this year.

    Rappaccioli said the new project will save about $9 million a year in fuel costs, at current prices. The lead developer on the operation is Arctas Capital Group LP of Houston, Texas, which says it is in advanced stages of development for another 40-megawatt installation.

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  • if anyone wants more info, click on the website link
    The wind cools us on a summer day, moves our sailboats, flies our kites
    and helps grow our gardens. It can also enhance our world’s security, help
    protect its beauty and improve the quality of air we breathe when used to
    power our homes and businesses.

    Wind energy is clean. Electricity generated by wind turbines won’t dirty the
    air we breathe or emit pollutants like other energy sources—that means
    less smog, less acid rain and fewer greenhouse gas emissions. Power
    plants are the largest stationary source of air pollution in the United States,
    emitting millions of tons of sulfur dioxide, nitrous oxides and carbon dioxide
    each year. These pollutants are believed to be the cause of global
    warming. Running a single 1-MW wind turbine can displace 2,000 tons of
    carbon dioxide in one year (equivalent to planting one square mile of
    forest).

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  • Carpinteria, California (PRWEB) December 22, 2008 — Clipper Windpower, Inc. (“Clipper”) today announced an agreement between Rolling Thunder I Power Partners, a joint development partnership between Clipper and BP Wind Energy, wherein NorthWestern Energy (NYSE:NWE) will purchase 25 megawatts (MW) of wind power from a wind project currently under development in Hand County, South Dakota, for delivery to electric customers in the State.

    “BP is pleased to be developing another project with Clipper Windpower as part of the strategic alliance the two companies signed in July 2005,” says Robert Lukefahr, President, BP Wind Energy

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