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Wednesday, 27 February 2013

WHAT U.S. OFFSHORE WIND NEEDS

Posted on 06:49 by Unknown
Fulfilling the Promise of U.S. Offshore Wind; Targeted State Investment Policies to Put an Abundant Renewable Resource within Reach

February 22, 2013 (National Resources Defense Council)

“Offshore wind is an inexhaustible resource that lies just off our shores…[According to the Department of Energy,] the United States could obtain 20 percent of its electricity from wind by 2030, and more than 15 percent of that wind power could come from offshore projects, totaling 54,000 megawatts (MW) of generating capacity…

“…[Yet] zero MW of offshore wind capacity are installed or even under construction…[and] only three projects [are] in advanced stages of development…The underlying limiting factor for offshore wind development in the United States, a factor not found in places where the sector has advanced, is that the basic economic and financial conditions for offshore wind success are not in place…"

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“The way forward…[is to] put in place targeted investment polices that provide the revenue certainty and debt capacity necessary to make projects viable and attractive to the equity and debt investors [and make investors comfortable providing capital]…

…[Fulfilling the Promise of U.S. Offshore Wind] focuses on the German policy successes and the lessons they present for the United States and also briefly examines the very unsuccessful German approach to transmission as a cautionary tale that should not be replicated in the United States.”

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      • WHAT U.S. OFFSHORE WIND NEEDS
      • 2,500MW WYOMING WIND MOVES AHEAD
      • MASSACHUSETTS PLANNING FOR MORE SUN
      • SO DAKOTA WANTS WIND
      • ASIA-PACIFIC SOLAR BOOM GOES ON
      • STILL BIG MONEY IN LITHIUM ION BATTERIES
      • WIND BREAKS MORE RECORDS: TEXAS
      • WIND BREAKS MORE RECORDS: PACIFIC NORTHWEST
      • WIND BREAKS MORE RECORDS: COLORADO
      • SMART HOMES FROM SMARTTHINGS
      • COMPARING SOLAR PANEL PRICES
      • THE END IN SIGHT FOR NUCLEAR
      • WHERE SUN IS IN TEXAS
      • NEW ENERGY SAVED MONEY FOR NO CAROLINA
      • NEW YORK TURNS TO WIND
      • GE BUYS CSP
      • $150M NEW ENERGY MANUFACTURING TAX CREDITS RELEASED
      • IPC ADVANCES GRID POWER STORAGE
      • WIND COMMENDS THE PRESIDENT’S SPEECH
      • OFF-GRID MARKET TO QUADRUPLE OVER 8 YEARS
      • SOLAR COMMENDS THE PRESIDENT’S SPEECH
      • WIND FARMS IN THE SUBURBS
      • WESTERNERS WANT NEW ENERGY
      • WHAT MAKES A CITY SMART
      • HOW SEQUESTRATION STALLS NEW ENERGY INNOVATION
      • THE FUTURE OF BUILDING ENERGY MANAGEMENT
      • CLIMATE CHANGE WILL COST FARMERS
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