Saturday, December 27, 2008

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

By Tal Potishman

The UK is going to reduce its carbon emissions by eighty percent by 2020, compared to 1990 levels - according to the government. In spite of this statement, UK people are questioning their government's dedication to wind power.

Wallstreetpit.com has recently published an article that claims the wind power projects owned by BP in the UK, Turkey, China and India will shut down and BP will refocus its energy on the US. This same article suggests that thirty percent of the UK's energy supply will come from wind power. Readers are wondering why the government is letting BP move their wind power projects to the US when they claim to be focusing on green energy sources like windfarms.

The Guardian website included an article that touted Great Britain as one of the world's premier locations for the development of wind technology. Great Britain's wind technology popularity comes from its long coastline and the winds that have become famous around the globe.

The article on the Guardian's site claims that the new partnership between Vattenfall and Iberdola Renovables has chosen the UK as the host for its latest wind farm project. The project is expected to put out 300MW of wind energy and will cost roughly 780M pounds Sterling to construct. Was this joint venture allowed because BP has moved its focus? If so - why is the government letting private business ventures shoulder the responsibility for wind technology?

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?

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