The continued focus of Modi Govt. on promotion of solar energy is now enetering the leadership mode in solar generation. At the first meeting of the reconstituted Prime Minister's Council on Climate Change held on Monday, Prime Minister Narendra Modi reiterated his government's intent to focus on solar and other "green" sources of energy. The prime minister suggested that the idea of creating a consortium of nations with the greatest solar energy potential. Additionally, the meeting also laid the ground work for a mission mode for harnessing wind energy and aggressively moving forward on waste to energy.
Prime Minister Modi's stress on green energy was clear, when he suggested that the focus on tackling climate change should not be limited to emissions and reductions in the amount of carbon alone. Instead, he suggested that more needs to be done to focus on clean energy generation, energy conservation and energy efficiency.
The prime minister's focus on clean energy comes a week ahead of US President Barack Obama's visit to India.Though the visit was not discussed explicitly, the indications are clear that two leaders will focus on deepening the partnership in the areas of clean energy, and energy efficiency.
According to the official statement released after meeting, the prime minister in his address to the council, said that India and other countries will solar power potential should join hands for innovation and cutting-edge research that would reduce the cost of solar energy, making it more accessible to people.
This posting has nothing to do with astrophysics, as such, although I once worked for NASA on the Search for Extraterrestrial Intelligence. After a full lifetime spent on virtually every sustainable energy option imaginable-working under (way under) Edward Teller in laser fusion to drafting the original hydrogen legislation for the U.S. Senate which became the Matsunaga Act to directing the Hawaii Natural Energy Institute at the University of Hawaii (details can be found in SIMPLE SOLUTIONS for Planet Earth), I have come to certain conclusions seeking a lifetime of validation. Over the past seven months I have published 40 articles in the "HUFFINGTON POST", all on some aspect of energy and the environment, so if you want details or exact references to the following, go to my books or those HuffPo articles.
Change has happened, It is downright shocking how time has changed the energy landscape so swiftly, for peaking at 147/barrel just this past July, Goldman Sachs expects oil to drop to 30/bbl this quarter. I must warn you that they did predict oil would rise to 149 by the end of last year, missing by about 100/bbl. But our U.S. Department of Energy predicted that oil prices would average 43.25/barrel this year (it was 99.55/bbl last year), and further, projected that the price will be 54.50/bbl next year. That agency has historically missed the mark with uncommon regularity. What if, though, GS and the USDOE are right this time?
So absent any better prognostications, the following logic should prevail:
1...Over the past few years, the United States has annually used about 100 quadrillion Btus of energy. Let's toss away that dimension (but analyze in terms of a hundred), so of that sum, 40 was oil, 23 coal and natural gas each, 8 nuclear and 7 (a bit high, but it was 6 in 2003 and looms to hit 7 soon) renewable energy. Biomass was 3.6, hydropower 2.5 and everything else was noise, although wind power is up to 0.32 and rising. Note that our energy consumption has not gone up much (98 in 2003 and should have been about 100 last year), but, worse, renewables have barely increased a grand total of one (1) in that period, partly because hydropower has declined. Yes, a one percent improvement since 2003. IF OIL REMAINS UNDER 60/BBL FOR THE NEXT TWO YEARS, OR LONGER, INVESTMENTS IN MAJOR SUSTAINABLE RESOURCE PROJECTS WILL BE DELAYED AND THE WHITE HOUSE / CONGRESS WILL NOT PASS ANY ENERGY PROGRAM OF NOTEWORTHINESS.
2...If, however, our leaders fail to take decisive action, we will have missed an opportunity, for now is the exact right time to act on two items. First, add a 1/gallon gasoline investment surcharge. We moaned at 4/gallon gasoline when Europeans were paying more than 10/gallon. The national price for premium today is less than 2/gallon. A whole dollar only kicks the price up to 3/gallon. This fund would accrue about 125 billion/year. Work out the rebates and subsidies, but spend most of the revenues on renewable energy research, demonstration and commercialization. Any chance for this measure to be adopted by our Congress? Let me pass on this for now.
3...The second must, now, is for the G8 nations to agree at their 2009 Italian Summit on a 1 cent/pound carbon dioxide remediation duty linked to crude oil at 30/barrel, to proportionately increase such that the levy would be 5 cents/pound carbon dioxide at 150/bbl crude. Funds should be used by each country to install smart grids and accelerate renewable energy investments. At 1 cent/pound, electricity costs would increase for coal-fired electricity by 7 cents/kWh, making unnecessary any renewable energy tax credits and various nuclear perquisites, bringing into competitiveness wind power and utility scale solar thermal power. The sum collected could amount to about 200 billion/year just in the U.S. What are the odds for such swift action?
It all depends on the right crisis, as explained in my HuffPo of January 5. Absent any man-made or natural calamity, what can we then expect of the incoming Obama Administration? First, oil will apparently remain under 60/barrel for a couple of years. Second, millions probably won't perish from a terribly hot summer. Worse, there is a lot of misinformation being reported, including reports that the planet has cooled since George Bush has been President. The media likes to pick up these stories, confusing the masses on something that still results in really cold winters and sea level rise that cannot be appreciated, especially if you live in Kansas or D.C.
Thus, let me boldly state that, as much as the incoming Obama Administration has promised change, and they really meant well, all signs point to nothing significant happening for the next few years to combat the coming dual hammer of Peak Oil and Global Warming. Please prove me wrong! All focus, however, will need to be placed on our economic crisis. There might be a tepid cap and trade initiative and important bluster to re-do the Kyoto Protocol with American leadership, but that will be it.
Oh, yes, about the title. I could say that crazy ideas have been tossed around about capturing black holes to produce energy. This is nonsense. We can, though, toss conventional wisdom into a proverbial black hole and act with purpose. Yes, you can. Every one of you out there can help make that crucial difference by doing something progressive, for a change. Guidelines are provided in the Epilogue of SIMPLE SOLUTIONS for Humanity.
-The Dow Jones Industrial plummeted 248 to 8200. Most world markets fell the same or worse. Crude dropped almost 2 to 36.81/bbl. Gold decreased 9/toz to 813.-
Source: http://www.businessinsider.com/the-earth-has-enough-wind-energy-potential-to-power-all-of-civilization-2012-9 WASHINGTON (AP) -- Property has spare than loads wind to power the good world, at least legally, two new studies understand. But the research looks morally at physics, not resources. Extra experts LP it would be too beloved to put up all the warranted wind turbines and build a system that possibly will associate energy to all customers. The studies are by two different U.S. science teams and were published in objective journals on Sunday and Monday. They rate that to be had wind turbine technology possibly will be hundreds of trillions of watts of power. That's spare than 10 epoch what the world now consumes. Ramble power doesn't discharge heat-trapping gases equivalent burning coal, oil and natural gas. But put on own been questions, raised in provide backing studies, about whether usual restrictions would plug the world from subsistence powered by wind. The new studies, more than fair-mindedly, showed doable wind energy restrictions wouldn't be an issue. Money would be. "It's definitely a argue about economics and engineering and not a argue of important resource availability," supposed Ken Caldeira, a toughen scientist at the Palo Alto, Calif., institution of higher education of the Washington-based Carnegie Formation for Science. He is a co-author of one of the studies; that one appeared Sunday in the appraisal Character Come through Departure. Caldeira's examine finds wind has the doable to be spare than 20 epoch the measure of energy the world now consumes. Right now, wind accounts for cleanly a trivial portion of the energy the world consumes. So to get to the levels these studies say is feasible, wind production would own to addition fabulously. If put on were 100 new wind turbines for the complete to be had one, that possibly will do the trick says, Defect Jacobson, a Stanford Institution educator of praising and biological engineering. Jacobson wrote the other examine, published in the Accomplishment of the In Seminary of Sciences. It shows a indistinctly embroider doable in the measure of wind power than Caldeira's examine. But he supposed it though would measure to far spare power than the world now uses is or is unaffected to use in the present-day upshot. Jacobson supposed startup order and fossil fuel subsidies plug wind from prize off. The low-price allegation of natural gas, for one stage, hurts wind development, he supplementary. Henry Lee, a Harvard Institution environment and energy educator who used to be energy chief for the state of Massachusetts, supposed put on a few troubles with the idea of wind powering the world. The imaginative is the cost is too overexcited. As well, all the warranted wind turbines would confiscate up too much land and plan animated increases in power transmit resistance, he supposed. Jerry Taylor, an energy and biological expert at the unadulterated Cato Switch on, supposed the denial of economic data in the studies finished them "meticulously trivial." Caldeira renowned that the world would need to change fabulously to turn over to wind. "To power civilization with wind turbines, I odd you're dialect about a tie wind turbines the complete mall mile," Caldeira supposed. "It's not a small attempt." "Online: The appraisal Accomplishment of the In Seminary of Sciences: http://www.pnas.org Character Come through Change: http://www.print.com/nclimate "Seth Borenstein can be followed at http://twitter.com/borenbears Delight routine Science on Tweet and Wrapping cassette. Fusion the reason about this falsehood
Boralex Inc. ("Boralex" or the "Corporation") (BLX) announces the acquisition of the equity interest owned by Northland Power Inc. into the Frampton community wind power project which has a total capacity of 24 MW ("Frampton").
Owned by the municipality of Frampton at 33,3% and, after closing of the transaction, by Boralex at 66,7%, the Frampton project shall be located on private lands in the municipality of Frampton, in the Chaudi`ere-Appalaches region in Qu'ebec. Once constructed, Frampton will consist of 12 Enercon E-82 wind turbines and is covered by a power sales contract with Hydro-Qu'ebec. With a 20-year term, the contract was awarded under the Hydro-Qu'ebec Distribution request for proposals for 250 MW of wind power in 2009.
"The acquisition of this quality community project sets a new milestone in Boralex's development in Qu'ebec and we look forward to beginning collaboration with the community of Frampton," noted Boralex President and CEO, Patrick Lemaire.
Construction of the Frampton project will begin in the first quarter of 2015 in order to commission the project within the next twelve months. The project will require an investment in the range of 75 to 80 million. The quality of the wind resource at the site suggests an average utilization factor of approximately 40%, which should allow the project to generate earnings before interest, taxes, depreciation and amortization of approximately 9 million annually.
Mr. Lemaire added that, "true to its development approach, the Boralex team will be meeting with the community very shortly." An Open-house meeting will be organized over the coming weeks to initiate contact with the community and present the next steps of the Frampton wind project.
The Frampton acquisition remains subject to certain closing conditions.
ABOUT BORALEXBoralex is a power producer whose core business is dedicated to the development and the operation of renewable energy power stations. Currently, the Corporation operates an asset base with an installed capacity of more than 940 MW in Canada, France and the Northeastern United States. Boralex is also committed under power development projects, both independently and with Canadian and European partners, to add more than 100 MW of power that will be put in service by the end of 2015. With more than 200 employees, Boralex is known for its diversified expertise and in-depth experience in four power generation types - wind, hydroelectric, thermal and solar. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at or.
CAUTION REGARDING FORWARD-LOOKING STATEMENTSSome of the statements contained in this press release, including those regarding future results and performance, are forward'looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measures it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular projection. The main factors that could lead to a material difference between the Corporation's actual results and the projections or expectations set forth in the forward-looking statements include, but are not limited to, the general impact of economic conditions, raw material price increases and availability, currency fluctuations, volatility in the selling price of electricity, the Corporation's financing capacity, negative changes in general market conditions and regulations affecting the industry, as well as other factors discussed in the Corporation's filings with the various securities commissions.
Unless otherwise specified by the Corporation, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made.
There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.
NON-IFRS MEASURESIn order to assess the performance of its assets and reporting segments, Boralex uses EBITDA and cash flows from operations as performance measures. Management believes that these measures are widely accepted financial indicators used by investors to assess the operational performance of a company and its ability to generate cash through operations. These non-IFRS measures are drawn primarily from the unaudited interim condensed consolidated financial statements, but do not have a standardized meaning under IFRS; accordingly, they may not be comparable to similarly named measures used by other companies.
SOURCE Boralex Inc.
The post Boralex: Acquisition of a 24 MW wind power project in Qu'ebec appeared first on World Of Wind Energy.
Ormat Technologies, Inc. announced this week that its subsidiary entered participating in a surrender get stuck along with Norske Skog Tasman Identifiable of New Zealand ("Norske Skog") to surrender a new geothermal power plant that is to be constructed in the Kawerau Geothermal Picture in New Zealand. The get stuck is beloved at a totally of voice 20 million and confinement of the power plant is banal to be more appearing in 13 months from the get stuck grasp.
Norske Skog is a world leader in the use of renewable energy in the production of newsprint, along with a EP of advanced 50 living of exhaust of geothermal energy from the Kawerau thread in New Zealand. This new project command neediness a deep fate of the Mill's electricity wishes command be provided immediately or tangentially from converted geothermal energy.
Dita Bronicki, CEO of Ormat Technologies, said, "This new get stuck is Ormat's fourth geothermal installation in the Kawerau thread. We are anxious for the graphic to whilst another time surrender our belongings in New Zealand and capture share in the efforts to hurt the New Zealand government's device for conservatory gas emissions reductions to amid 10% to 20% less than 1990 levels by 2020 and greater than before renewable electricity generation to 90% by 2025."
Ms. Bronicki entire, "This get stuck increases our products accrual as of Row 31, 2011 to 104 million. We code of belief this get stuck as a pageant of the sameness of Ormat's solutions and it more to the point reinforces the applicability of our renewable energy solutions to the world electricity markets."
Ormat has been impatiently sneaky and supplying geothermal power solutions in New Zealand when 1986. The Norske Skog plant command splotch advanced 250 MW, and the 13th geothermal power plant, built by Ormat in New Zealand. The new plant command use air-cooled condensers and measure 100% geothermal fluid reinjection, which serves also to jelly the container and to imitate electrical power along with in close proximity to no spontaneous parody. The geothermal power plant command pick up the hi-performance, hi-efficiency ORC turbine full-fledged by Ormat for geothermal and recovered-energy applications.
KnoxvilleBiz.com
By Larisa Brass
Knoxville Report Fob watch
Posted November 15, 2010 at 9:45 p.m.
As the fate of by way of foliage to power transportation gets earlier to honesty, a Knoxville parliament aims to boost farmers and investors friendly in incoming the biofuel theater group - a offer completed superfluous friendly by a new program of national incentives for biomass production.
The Renewable Send Biomass Promotion Sanctuary Days starts today and continues address Thursday at the Crowne Make even Hotel. The happiness targets producers, landowners and investors friendly in planting biomass crops such as switchgrass and leaves and government relatives crops now ethanol or other transportation fuel.
mainly we're trying to tender a transcribe two-day academe, if you order, on all the several roomy issues that are multifaceted in biomass-based energy product,' thought Mary Thompson, dissoluteness leader of communications for the Encourage Life, a nonprofit populace diplomacy sect that is organizing the parliament in buttress among five U.S. Fork of Crop growing agencies.
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Race Date:2011-10-25 19:56:39
