Sunday, January 4, 2009

Renewable Energy : Will the UK's Windfarm Hype Become Reality?

By Tal Potishman

The United Kingdom's government pledged to lower the UK's carbon emissions by eighty percent by 2020 compared to 1990 levels. Recently, however, UK public has begun to wonder if the government is as dedicated to the cause as they claim to be.

A recent article published by wallstreetpit.com claims that BP, a large British energy company, has announced that it will be refocusing its wind power projects in the United States while shutting down the wind power projects in Turkey, India, China and here in the UK. The article also claims that the UK will use wind power for thirty percent of the country's electricity supply. One has to wonder why BP is pulling out of the UK if the government is truly dedicated to exploring the options offered by wind power and other green technologies.

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? - 15790

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