Although blades on the 150-meter wind turbines at the new German offshore Riffgat power plant nine miles off the North Sea island of Bokum are finally turning, there is one big problem. They are doing so only because they are being powered by onshore fossil-fueled generators to prevent the rotors from corroding in salty air. And why might that be? Well although they otherwise function perfectly, the underfinanced grid operator hasn’t yet connected a power line because of problems attracting investor financing. Prospective investors attribute their reluctance to a lack of market confidence.
While half a dozen wind farms are still being built in the North Sea, there are no follow-up contracts. As Ronney Meyer, managing director of Windenergie Agentur (EWE) based in the northern port city of Bremerhaven said, “The market has collapsed.” EWE developer Riffgat reportedly doesn’t plan to invest in any more offshore turbines.
There is little mystery regarding a clear lack of clamor for wind in the energy marketplace. Namely, taxpayers and ratepayers are recognizing that the subsidy-dependent and performance-costly industry makes no economic sense.
Written by Larry Bell. To read the full article, click here.
Many people still think that it will not be long before renewable energy such as solar and wind becomes outright cheaper than fossil fuels, thereby leading to a rapid expansion of the thin orange slither in the graph below. This is an ideologically very attractive notion, but, as discussed in this article, it is questionable whether this is in fact physically possible.
So, what does renewable energy have to accomplish before it can compete with fossil fuels in an open market? Well, in short, we will have to overcome the diffuse and intermittent nature of renewable energy more efficiently than we can overcome the declining reserve qualities and unrefined nature of fossil fuels.
In other words, renewables need to overcome the following two challenges in order to displace fossil fuels in a fair market:
Solar panels and wind turbines need to become cheaper than raw fossil fuels. This is the challenge posed by the diffuse nature of renewables.
Storage solutions need to become cheaper than fossil fuel refineries (e.g. power plants). This is the challenge posed by the intermittent nature of renewables.
Written by Schalk Cloete. To read the full article, click here.
Three times now, Mark Jacobson has gone out on the same limb. In 2009 he and co-author Mark Delucchi published a cover story in Scientific American that showed how the entire world could get all of its energy — fuel as well as electricity — from wind, water and solar sources by 2030. No coal or oil, no nuclear or natural gas. The tale sounded infeasible — except that Jacobson, from Stanford University, and Delucchi, from the University of California, Davis, calculated just how many hydroelectric dams, wave-energy systems, wind turbines, solar power plants and rooftop photovoltaic installations the world would need to run itself completely on renewable energy.The article sparked a spirited debate on our web site, and it also sparked a larger debate between forward-looking energy planners and those who would rather preserve the status quo. The duo went on to publish a detailed study in the journal Energy Policy that also called out numbers for a U.S. strategy.
Written by MARK FISCHETTI. To read the full article, click here.