Buyers line up for wind farm
Australian
Tuesday 21/9/2010 Page: 22
ONE of Australia's biggest wind farms, the 80-MW Emu Downs project in Western Australia, is generating strong interest from potential buyers after being put up for sale following the collapse of Ric Stowe's Griffin Group. The state-of-the-art wind farm expected to fetch more than $200 million is owned by a 50-50 joint venture between Mr Stowe's Griffin Energy and the Queensland government owned Stanwell Corporation. Sources said last night the sale had attracted interest from the "usual suspects" after first-round indicative bids closed last Friday.
The companies considered most likely to bid include AGL Energy, Origin Energy, Transfield Services Infrastructure Fund and Infigen Energy, formerly known as Babcock 8, Brown Wind Partners. The WA government-owned electricity generator Verve Energy is believed to have stayed out of the bidding process. The sale of Emu Downs is being conducted separately to the sale of Griffin's coal mining and power generation businesses in WA, believed to be saddled with about $2 billion in debt.... More=>
Tuesday 21/9/2010 Page: 22
ONE of Australia's biggest wind farms, the 80-MW Emu Downs project in Western Australia, is generating strong interest from potential buyers after being put up for sale following the collapse of Ric Stowe's Griffin Group. The state-of-the-art wind farm expected to fetch more than $200 million is owned by a 50-50 joint venture between Mr Stowe's Griffin Energy and the Queensland government owned Stanwell Corporation. Sources said last night the sale had attracted interest from the "usual suspects" after first-round indicative bids closed last Friday.
The companies considered most likely to bid include AGL Energy, Origin Energy, Transfield Services Infrastructure Fund and Infigen Energy, formerly known as Babcock 8, Brown Wind Partners. The WA government-owned electricity generator Verve Energy is believed to have stayed out of the bidding process. The sale of Emu Downs is being conducted separately to the sale of Griffin's coal mining and power generation businesses in WA, believed to be saddled with about $2 billion in debt.... More=>
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BHP boss dumps on future of coal
Sydney Morning Herald
Thursday 16/9/2010 Page: 1
THE world's largest miner, BHP Billiton, has weighed into the climate change debate, warning that Australia should "look beyond coal" and towards other energy sources. The chief executive of BHP Billiton, Marius Kloppers, said Australia's economy will suffer if it does not significantly reduce its carbon emissions in anticipation of a global carbon price. "Failure to do so will place us at a competitive disadvantage in a future where carbon is priced globally", he said.
BHP Billiton is one of the world's largest producers of thermal coal, which made up about 8% of its revenue last year. And while BHP Billiton and the broader mining industry have acknowledged the need for action on climate change. Mr Kloppers is now calling for Australia to take a lead on the issue. The mining industry, through the Minerals Council of Australia, was one of the most fierce opponents of the Rudd government's emissions trading scheme....More=>
Thursday 16/9/2010 Page: 1
THE world's largest miner, BHP Billiton, has weighed into the climate change debate, warning that Australia should "look beyond coal" and towards other energy sources. The chief executive of BHP Billiton, Marius Kloppers, said Australia's economy will suffer if it does not significantly reduce its carbon emissions in anticipation of a global carbon price. "Failure to do so will place us at a competitive disadvantage in a future where carbon is priced globally", he said.
BHP Billiton is one of the world's largest producers of thermal coal, which made up about 8% of its revenue last year. And while BHP Billiton and the broader mining industry have acknowledged the need for action on climate change. Mr Kloppers is now calling for Australia to take a lead on the issue. The mining industry, through the Minerals Council of Australia, was one of the most fierce opponents of the Rudd government's emissions trading scheme....More=>
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Swedish Wind Energy Industry all set to break records
www.azocleantech.com
September 18, 2010
As the demand for greener energy is continuously increasing. Sweden's wind power is swelling speedily. This Scandinavian country is anticipated to break records during 2010, in spite of wind power's global investment slowing down during the global economic slump. Experts feel that the Swedish wind industry has withstood the global economic recession.
The Swedish Wind Energy, a trade association, anticipates an additional 557-MW wind installation during 2010, amounting to a 36% increase in comparison with last year. Gothia Vind, a wind power operator based in Gothenburg, plans to construct 100 wind novel power stations in the Southern region of Sweden, with an overall 200-300MW capacity. The Swedish government aims to produce a renewable energy output amounting to about 50% of the nation's energy needs by the year 2020. Currently, 20% of Sweden's energy production is derived from renewable sources.
Sweden's development in the wind turbine segment has been quite rapid - ever since the mid-1980s the size of wind turbines has doubled almost every four years. Throughout the year 2009, 198 novel wind power turbines had been installed in Sweden while currently, there exist 219 wind power turbines with an overall 495MW power generation capacity under construction.
September 18, 2010
As the demand for greener energy is continuously increasing. Sweden's wind power is swelling speedily. This Scandinavian country is anticipated to break records during 2010, in spite of wind power's global investment slowing down during the global economic slump. Experts feel that the Swedish wind industry has withstood the global economic recession.
The Swedish Wind Energy, a trade association, anticipates an additional 557-MW wind installation during 2010, amounting to a 36% increase in comparison with last year. Gothia Vind, a wind power operator based in Gothenburg, plans to construct 100 wind novel power stations in the Southern region of Sweden, with an overall 200-300MW capacity. The Swedish government aims to produce a renewable energy output amounting to about 50% of the nation's energy needs by the year 2020. Currently, 20% of Sweden's energy production is derived from renewable sources.
Sweden's development in the wind turbine segment has been quite rapid - ever since the mid-1980s the size of wind turbines has doubled almost every four years. Throughout the year 2009, 198 novel wind power turbines had been installed in Sweden while currently, there exist 219 wind power turbines with an overall 495MW power generation capacity under construction.
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Finland to push for renewable, wind energy with feed-in tariff subsidies
www.bloomberg.com
Sep 16, 2010
Finland will promote renewable energy with fixed prices for wind and biogas power to encourage producers to meet emission targets set by the European Union. Feed-in tariffs, a set price guaranteed to producers, come into force on Jan. 1 and will last for 12 years, the government in Helsinki said today in an e-mailed statement. Finland is seeking ways to add non-polluting power generation to meet a need in a country that consumes per capita more than twice the electricity used by Germany because of its cold climate and energy-intensive industries such as paper making. Finland, which currently has four nuclear reactors and is building a fifth, also in July approved permits for two more units scheduled to come online in the 2020s.
The country must increase the share of renewable energy to 38% by 2020 from about 28% in 2008 to help Europe reduce its emissions of CO2, a gas blamed for warming the planet, according to a plan by members of the European Union. The Nordic country will also reduce energy demand to help meet the goal, the government has said. The feed tariffs will increasewind power in Finland to 6TW-hours by 2020, the government said. Wind power accounted for 0.3% of the 80.8TW-hours of electricity consumed in 2009. Finnish Energy Industries said on its website. Renewable generation increased 15% in 2008. Statistics Finland data shows.
To Parliament
Finland is seeking alternative sources of energy to supplement nuclear power because it lacks the oil and hydropower supplies of neighbours such as Russia and Norway, which gets almost all of its electricity from water. The motion will tomorrow be sent to parliament for approval. Finland had 118 wind turbines at the end of 2009 with a combined capacity of 147MW-hours, the Finnish Wind Power Association said on its website.
The target for the feed-in tariffs will be 83.50 euros ($109) aMW-hour, the government said. Electricity from biogas will get an additional 50 euros aMW-hour for combined heat and power generators. For the first three years, wind power would be paid 105 euros aMW-hour to ensure implementation, the government said. Finland imports about 15% of the electricity used in the country. Fortum Oyj, Finland's biggest utility, owns stakes in wind power generators Tunturituuli Oy and Hyoetytuuli Oy as well as a stake in a wind plant in Olkiluoto, Finland.
Sep 16, 2010
Finland will promote renewable energy with fixed prices for wind and biogas power to encourage producers to meet emission targets set by the European Union. Feed-in tariffs, a set price guaranteed to producers, come into force on Jan. 1 and will last for 12 years, the government in Helsinki said today in an e-mailed statement. Finland is seeking ways to add non-polluting power generation to meet a need in a country that consumes per capita more than twice the electricity used by Germany because of its cold climate and energy-intensive industries such as paper making. Finland, which currently has four nuclear reactors and is building a fifth, also in July approved permits for two more units scheduled to come online in the 2020s.
The country must increase the share of renewable energy to 38% by 2020 from about 28% in 2008 to help Europe reduce its emissions of CO2, a gas blamed for warming the planet, according to a plan by members of the European Union. The Nordic country will also reduce energy demand to help meet the goal, the government has said. The feed tariffs will increasewind power in Finland to 6TW-hours by 2020, the government said. Wind power accounted for 0.3% of the 80.8TW-hours of electricity consumed in 2009. Finnish Energy Industries said on its website. Renewable generation increased 15% in 2008. Statistics Finland data shows.
To Parliament
Finland is seeking alternative sources of energy to supplement nuclear power because it lacks the oil and hydropower supplies of neighbours such as Russia and Norway, which gets almost all of its electricity from water. The motion will tomorrow be sent to parliament for approval. Finland had 118 wind turbines at the end of 2009 with a combined capacity of 147MW-hours, the Finnish Wind Power Association said on its website.
The target for the feed-in tariffs will be 83.50 euros ($109) aMW-hour, the government said. Electricity from biogas will get an additional 50 euros aMW-hour for combined heat and power generators. For the first three years, wind power would be paid 105 euros aMW-hour to ensure implementation, the government said. Finland imports about 15% of the electricity used in the country. Fortum Oyj, Finland's biggest utility, owns stakes in wind power generators Tunturituuli Oy and Hyoetytuuli Oy as well as a stake in a wind plant in Olkiluoto, Finland.
