Reviewing new wind farm economics


	Reviewing new wind farm economics

amgumen

11-14-2008 10:36 AM

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11-14-2008 10:49 AM

BartendingBear

In an amazing display of what got us here stupidity, once again accountants lead us astray with blind cost/profit thinking. It's all about the cash, the actual non-cash value of the more cash intensive project be damned. A dead man in a gold coffin is still dead.

11-14-2008 5:06 PM

darkduskx

A dead man in a gold coffin is still dead.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8a28b822-8efe-4f10-b9eb-180c7ac903dc/D78E0077-52C1-49D2-8B93-7CF4701B6D02/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1" href="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1">Britain's Centrica is reviewing the economic viability of planned <SPAN id="lw_1226669406_0" class="yshortcuts">wind farms</SPAN> due to soaring costs and the <SPAN id="lw_1226669406_1" class="yshortcuts">credit crunch</SPAN>, the owner of <SPAN id="lw_1226669406_2" class="yshortcuts">British Gas</SPAN> said</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1"><P>
The high costs of developing <SPAN id="lw_1226669406_9" class="yshortcuts">offshore wind farms</SPAN> are among a number of issues that industry executives, investors and environmental groups say could threaten the government's efforts to hit a target of producing 15 percent of Britain's energy from <SPAN id="lw_1226669406_10" class="yshortcuts">renewable sources</SPAN> by 2020.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1"><P>
Offshore wind currently costs in the region of 2.5-3 billion pounds per gigawatt of capacity to build, according to industry figures.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1"><P>
By comparison, an equivalent one gigawatt gas-fired power station would cost 600 million pounds and nuclear is about 1.8 billion pounds per gigawatt.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/nm/20081114/sc_nm/us_centrica_wind_farms_1"><P>
Other hurdles highlighted by the industry include planning delays, difficulties in connecting farms to the UK's national power grid and a shortage of <SPAN id="lw_1226669406_12" class="yshortcuts">wind turbines</SPAN>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D78E0077-52C1-49D2-8B93-7CF4701B6D02/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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