Tuesday, December 16, 2008

Renewable Energy - Will Wind Farm Reality Follow the Hype?

By Tal Potishman

The government in the UK promised to reduce the country's carbon emissions by eighty percent by 2020 compared to 1990 levels. In recent weeks, however, the UK public opinion started to question the dedication of the government.

An influential website, Wallstreetpit.com, said in a recent article that BP, a large energy company with headquarters in the UK, is closing down its Chinese, Turkish, Indian and British projects and focusing their attention on the United States. The same article implies that approximately thirty percent of the energy supply for the UK is supposed to come from windfarms. There were calls from opinion leaders in the UK asking the government why it has allowed BP to focus on the US when it (the government) says the future of British energy is green.

According to an article by the Guardian, Great Britain is one of the best locations in the world to be home to wind technology development. The popularity of Great Britain is owed mostly to the long coastline and good wind conditions that the country is famous for.

This same article names a new partnership between two major wind technology companies, Iberdola Renewables and Vattenfall, which will be building a new wind farm in the UK. This wind farm will cost 780m pounds to build and have an expected output of 300MW. Is it the pulling out of BP that allows for this new joint venture to be built? Why is wind technology being left up to private enterprise if the government is supposed to be fully behind it?

Still more criticism accompanies the complicated planning rules and the amount of money that it will take to construct all of the wind farms that the UK will need to build if the government truly wants to dedicate a third of its energy consumption to energy produced by wind farms. An independent entity, The Carbon Trust, has estimated that in order to speed up the process to move to renewable energy, about sixteen billion pounds will need to be cut from the originally proposed budget. An article by redgreenandblue.org points out that by the 2020 target originally quoted by the UK government, only a quarter of the offshore wind farms Britain needs will have actually been built.

UK residents understand that the future of energy production lies with renewable energy and not the existing power grid. Renewable energy is more cost effective and is better for the environment than the current system. Still, with so many roadblocks in the way, each one of us should be wondering just how serious the UK government's commitment to renewable energy is. If it is truly committed why is the project slowing down and losing money? What is getting in the way of the 2020 goal? - 16003

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