zondag 3 mei 2009

Economy blows ill wind for renewable energy

The politicians all round the globe had promised that renewable energy would be the main issue of the economic recovery, but this year isn’t good for renewable energy.
A study that is made for the department for energy and climate change has showed that there could be built between 5000 and 7000 new wind turbines off the coast of Britain by 2020. These new turbines will generate 25 GW of energy.
Analysts were warning that the main issue in 2009 is a move from severe under supply to serious over supply.

In March there was the first big hurdle for wind. Shell, the oil company had decided that it was putting out of wind, solar and hydro power because it felt they were not economic. It said it would concentrate on cleaner ways of using fossil fuels.
There are other proves that it is not going well with renewable energy this year. BP has cut 620 jobs at its solar division, and Siemens has cut 400 jobs from its wind operations. Iberdrola hat cut its investments in renewables by almost half this year.

There are also projects that will be stopped. So is there the London Array, a project to build the world’s largest offshore wind farm in the Thames Estuary. The developers of this project went to the bank for a bailout, this puts the future of the project in doubt!!

According to me the financial crisis has also a negative effect on renewable energy. I think it’s logical. People and businesses aren’t very interested in renewable energy for the moment, they want to save as many as they can. They don’t want to invest in new projects. In this difficult time it’s obvious how people think about renewable energy, they don’t think it’s that important. I understand this situation, but I also know that if we don’t pay attention, this is not good for our planet. The people really need to start seeing that our world is in need of renewable energy.

Source: http://www.guardian.co.uk/business/2009/apr/28/economy-ill-wind-green-energy

Kevin De Pauw

1 opmerking:

  1. I don't like the fact that projects for renewable energy are threatened because of the financial crisis, but on the other hand it's logical. It’s a general phenomenon that people lose their jobs and that there are less investments. In my opinion it is not because of people don’t want to invest in green energy, but it is because there is not enough money for it. On the other hand I think that the government and people with a big capital have to try harder to support the projects about renewable energy, of course this isn’t that easy.

    Robby Lampens