Monday, July 12, 2010

Renewable Energy News, July 12, 2010

Welch calls on Congress to invest in Vermont’s growing clean energy economy
BURLINGTON, VT – During a tour of green energy businesses in Northwestern Vermont, Rep. Peter Welch on Friday called for the passage of legislation he has sponsored to bolster Vermont’s growing renewable energy and energy efficiency industries.

Speaking at Draker Labs in Burlington, Welch outlined his support for three bills, which together would eliminate subsidies for big oil companies, expand tax incentives for renewable energy businesses and launch an energy efficiency revolution.

“The environmental and economic tragedy in the Gulf of Mexico is just the latest reminder that our nation’s energy policy is broken. At the same time that oil spews into the Gulf, China and India are taking the lead in creating green jobs, American families are spending too much on their energy bills, and our national security is being compromised,” Welch said. “Diverting oil subsidies to clean energy industries will create quality jobs throughout the country. As a leader in the clean energy economy, Vermont is well-positioned to take advantage of a 21st century energy policy.”
Government, Opposition at odds on future of new wind farm
The plan for a new wind farm in Prince Edward Island that would produce 130 megawatts of renewable energy for both domestic and export markets is dead in the water, says Opposition Energy critic Mike Currie.

But both Energy Minister Richard Brown and Maritime Electric deny the plan to build the new wind farm and produce 30 megawatts of power for the Island's own use and as much as 100 megawatts for export is dead.

Still, all sides agree the plan is well behind schedule with no end in sight.
Iberdrola Renovables achieves record wind output
Wind energy major Iberdrola Renovables achieved record wind output in the second quarter of 2010, producing 6.046 billion kilowatt hours (KWh) at its combined facilities worldwide in the second quarter of 2010, representing an increase of 16.5 per cent on the same period last year.

Of the total, 5,771 million KWh were generated by the company’s wind farms, which continued to form the core of Iberdrola Renovables’ business in the quarter, accounting for 95.5 per cent of the generation mix.

Over a third, 2,962 million KWh, was generated in the US, with slightly less, 2,171 million KWh generated in Spain, compared with 417 million KWh in the rest of Europe and South America, and 221 million kWh in the UK.

Disclosure: SDRS represents Iberdrola in a current legal matter.
"Free" Solar For Schools: Feed-In Tariff Funds Renewable Education
The Solar4Schools Initiative has already seen hundreds of UK schools fitted with PV panels producing clean, renewable energy. Now, with the launch of the Government's solar feed-in tariff scheme (FIT) we should see a massive expansion of that program - with companies using the FIT funding to finance installations at little to no cost for the school in question.

Solarcentury is teaming up with GE Capital to fund an expansion of its Solar4Schools initiative, with GE funding initial installation of an array (with a small deposit from the school), and then the school using its FIT income to pay-off the loan. The result, say Solarcentury, is electricity savings for the school from day one, and a hedge against future energy price rises. Unlike many similar schemes where the utility continues to own the array, once the installation costs have been paid off (typically in fifteen years), the school will also benefit from the Feed-In Tariff income for the remainder of the scheme.
China’s Yingli Solar Gears Up for $5B Expansion
If Yingli Green Energy Holding Co. is already a giant in the solar cell industry, it’s now seeking a more than $5 billion credit line to become one heavy beast. Yingli is in negotiations to borrow up to RMB36 billion, or about $5.31 billion, from the China Development Bank in order to “pursue opportunities that will allow us to strengthen our leadership position,” in the photovoltaic industry, the company announced on Friday.

Yingli Green Energy has more than 10 subsidiaries running the gamut from production of polysilicon used in solar cells through to assembly of solar modules. The company said today that the funds under this new agreement would go primarily toward the subsidiaries Tianwei Yingli, Yingli China and Fine Silicon for investments in their photovoltaics business in China and overseas.

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