Tag Archives: wind farms

A new low

Yup and it is not a bad thing, but a setting of happy happy joy joy. I learned a few hours ago that Saudi Arabia (of all places) was mentioned (at https://renewablesnow.com/news/saudi-arabia-claims-record-low-wind-cost-in-4-5-gw-renewables-awards-1283966/) with ‘Saudi Arabia claims record-low wind cost in 4.5 GW renewables awards’ not the Netherlands, or Sweden (where stormy winds are king) it is the Kingdom of Saudi Arabia that is heralded as the new low in wind power. I have to admit that it took me by surprise. The mention of “a record-low global cost for wind power generation at USD 13.38 (EUR 11.49) per MWh” for the people in Saudi Arabia. That makes a setting of €0.01149 per kWh (if I calculated that correctly) is is one way to put down the living expenses of people all over the planet and when you consider that in Europe (EU) the price of electricity is approximately €0.1899 we can assume that even at 50% the electricity firms will still make a profit. As I see it, good news for all the people in Europe (and a few more places beyond that) and I never expected that the land of oil would set the charge of renewables, not in my lifetime. So we should see the joy on what Saudi Arabia achieved here. We are given “The government-owned entity, which is responsible for procuring electricity from independent power producers (IPPs), said on Monday that the initiative is part of the sixth phase of the National Renewable Energy Programme, supervised by the Ministry of Energy. The contracted projects are spread across four provinces in the Kingdom and represent a combined investment of more than SAR 9 billion (USD 2.4bn/EUR 2.06bn)” as well as “The wind project, the 1.5-GW Dawadmi in Riyadh Province, has achieved the lowest leveled cost of electricity (LCOE) for wind power generation so far, according to the statement.” So a hip hip and a hurray for the people who made that happen. Because that is the kind of achievement that could help over a billion people getting their expenses down and the setting that we might see a 50% less costs on energy is a new threshold for anyone requiring power. The article also shows a table of the 5 places where this is happening and how much is being generated. As I see it, the wind-farms currently being created might see a revisit from new people with additional insights in this strength of the energy woods and I reckon we will see a lot more additions in a few places soon enough drowning costs for people all over the world.

I feel giddy at this point. It is not often that you see an impressive downing of the cost of living, but this is definitely one we all should applaud.

Have a great day today.

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A Label for Labour

If we can use the information (to some extent) that the Guardian gave us this morning, then the first reference would be ‘Whinging’ 1. To complain, whine 2. A message from the labour party! So, the second one actually explains part of the newscast. The story was how according to Miliband, Cameron was losing control over the energy policy. (At http://www.theguardian.com/politics/2013/oct/24/edmiliband-davidcameron) How does he figure that?

The facts are not that unclear. There once was a non-fairy tale involving 6 commercial enterprises, who to some degree had to make a profit. In addition, the following headline should be interesting “Every UK home to face 15pc energy price rise” (Jan 2008)

Not to mention that parliament had an interesting document (at www.parliament.uk/briefing-papers/sn04153.pdf ). There are two issues, one, several sources mention an average 16% annual increase during 3 terms of labour. I mention it, but some numbers are sketchy, so I have some reservations how correct those numbers were, even though the parliament briefing papers do show a spike in that time frame.

It does not matter what the direct cause was, however, in three labour terms, nothing was done to limit that price increase, so labour’s nagging whilst the honourable Ed Miliband is on the non-winner side of the isle is rather fishy to say the least. Yes, we should acknowledge that The Electricity Act 1989 was enacted under the conservatives by Baroness Thatcher, then Prime Minister Thatcher. I reckon that there should always be a certain amount of questions when we privatise any form of utility. Commerce is the quickest attack on any wallet (a life lesson that is universally accepted).

So, even though there are questions, the one involving 3 terms of labour and energy prices should remain high on that list.

The article has a few other points of attention, Miliband’s quote “But this prime minister is too weak to stand up for the consumer and he always takes the side of the big six companies.” Really Edward? You do remember the greed issues involving a commercial enterprise? Or perhaps the London School of Economics classes (the ones on Economy) had a different focus? ;-), you party animal you! 🙂

Anyway, we can nag on the last three terms (but then we might sound like labour), in this term there needs to be an actual focus not on stopping (which is slightly non-realistic), but to some extent limiting price increases. Although allowing the French and the Chinese into the UK energy game might put a limit on price hikes to some extent, but it remains to be left in the hands of non-government, hence at that point, it remains a commercial play. What are the options?

There is actually an idea that might work. The idea was not mine; I picked it up in Sweden around 2001. The idea was that sound stable firms started to buy and install wind farms (in this case 1-3 turbines per firm). There are plenty of places to do that. The UK and Scotland could offer such areas too. Yes, in many places people might complain on the view, and they could select to pay £100-£200 a year more, or just accept the ‘lesser’ view. Consider that these people will get some tax benefits, but more importantly, they could lessen the power grid pressure and at times contribute to the net inviting refunds. There is an additional benefit. As the net gets a power feed, all over the place, losing power points would not have the blackout results other solutions have. So consider that through whatever non-governmental funding these windmills are added, the UK grid could end up getting a solid power addition by 1500-3000 turbines.

In the past I have ALWAYS spoken out against the irresponsible investment of retirement funds. If we accept that these turbines would prove to be a stable return on investment, keep price hikes down and allow for alternative ways to stabilise power needs, then why not look into such an adoption?

I never heard anything mentioned in that regard in the House of Commons (I do admit, I dozed off at some point, but it was 02:00 when that happened). So perhaps we can all look for a solution together? Because no matter where you live, we all need water and power, having alternatives when greed driven elements strike is NEVER a bad idea.

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