Showing posts with label feed in tariffs. Show all posts
Showing posts with label feed in tariffs. Show all posts

Wednesday, March 28, 2012

Cuts to Ontario's Wind and Solar FiTs

The Canadian province of Ontario announced cuts to Feed-in Tariff (FiT) for wind and solar on Thursday March 22. Enacted in 2009, the tariffs have driven the province's exponential renewable energy growth. Wind power in Ontario now has more than 1,750 MW of installed capacity and they plan to have 7,500 MW by 2018. Solar power in the province can now generate more than 200 MW. In 2011, Ontario's generous FiTs also provoked a great deal of interest from international players.

Friday, March 2, 2012

Scottish Wind Energy Can Power Europe

Scotland's massive wind energy capacity is capable of producing vast amounts of clean, sustainable energy to the rest of Europe. Due to Scotland's strong winds, skilled workforce, well-developed energy infrastructure and welcoming investment environment, the country has attracted overseas companies like Doosan, Gamesa and Mitsubishi Power Systems Europe. With over 25 percent of Europe’s wind resource Scotland has the potential to generate 159 GW of power which is almost 15 times Scotland's own peak requirement (10.5 GW).

UK Renewable Energy 2011 Overview

According to statistics from the Department of Energy and Climate Change the renewable energy sector contributed to a record breaking 9.6 percent of the electricity supplied by the UK grid in 2011. This is an encouraging 50 percent increase on the figures from 2010. Yorkshire and the Humber have the most renewable energy sites followed by the North West and the South West.

Cuts to UK Wind Power ROCs & FiTs

Under pressure from Conservative MPs the UK Government appears poised to reduce its committment to wind projects. The Government has proposed a 10% cut to the financial support available to onshore wind generation projects as part of its review of renewables obligation certificates (ROCs). This has prompted some of the world's biggest wind companies to tell the Guardian newspaper that they were reviewing potential projects in the UK because of the Government's perceived lack of commitment to renewables. The government has already stated that it is considering reducing feed-in tariffs (FiT) for small wind turbines between 1.5 and 15KW by 25 percent. This would cost rural businesses up to £70,000 over the lifetime of a turbine on their land.

UK Wind Energy

The UK has ideal off shore wind conditions which are capable of supplying the island nations energy requirements. According to German government research only Denmark can produce wind energy cheaper than the UK. At the beginning of 2012, the installed capacity of wind power in the United Kingdom was over 5.9 gigawatts which ranked the UK as the world’s eighth largest producer of wind power. Wind power is expected to continue growing in the UK for the foreseeable future, RenewableUK estimates that more than 2 GW of capacity will be deployed per year for the next five years.

Thursday, March 1, 2012

Cuts to UK Solar FiTs Could Prove Deadly

On October 31st 2011, Greg Barker, Minister of State at DECC, announced a controversial proposal to halve the feed-in tariff (FiT) rates for solar installations in each band up to 50kW, with smaller cuts in the bands from 50kW to 250kW. These cuts to FiTs are jeopardizing the UK solar industry. A FiT is a policy mechanism designed to accelerate investment in renewable energy technologies. It achieves this by offering long-term contracts to renewable energy producers, typically based on the cost of generation of each technology. Cuts to homeowners solar power could prove deadly to the fledgling UK industry in addition to threatening tens of thousands of jobs.