Client News-Marine Energy prototypes backed with new government 22m proving fund

Wave and tidal developers are invited from today to bid for £22 million in new government funding to accelerate the commercial development of marine energy in the UK.

The Marine Renewables Proving Fund, announced in July as part of the Government’s Renewable Energy Strategy, will be designed and delivered by the Carbon Trust and will provide finance for the demonstration of wave and tidal technologies.

The funding follows demand from industry and analysis by the Carbon Trust which has shown that extra support is needed to take marine devices successfully from initial prototype development through to early–stage commercial generation, where they are eligible for funding from the Marine Renewables Deployment Fund.

Energy and Climate Change Minister, Lord Hunt said:

“Clean green renewable energy is a central component of our response to climate change and ensuring future energy supplies.

“The scope for wave and tidal energy around the UK’s shores is massive and we’re working closely with developers in the UK to bring onthe necessary technologies.

“The Proving Fund will help marine projects get off the drawing board and into the water, taking them a vital step closer to full scale commercial viability.”

Project bids will be assessed and managed by the Carbon Trust which has been supporting the marine sector since 2003. It has assessed or worked with over 60 different marine energy devices and committed over £12m of funding to date.

Earlier this month, the Carbon Trust announced it is to support two leading devices, Pelamis Wave Power and Marine Current Turbines, as part of its existing Marine Energy Accelerator initiative. Support will focus on reducing costs associated with the installation, operations and maintenance of marine energy devices.

Tom Delay, Chief Executive of the Carbon Trust, commented:

“Wave and tidal power is a fantastic resource for the UK that could provide up to 20% of our current electricity demand and cut carbon dioxide by tens of millions of tonnes. There are many exciting technologies in development; however, for these to reach commercial viability we need to focus on cost reduction and make mass deployment a reality. The targeted support provided by the Marine Renewables Proving Fund is a much needed boost to the UK’s clean tech revolution and we are delighted to be playing a key role in its delivery.”

Carbon Trust analysis has shown that, with 25% of the world’s wave technologies already being developed in the UK, Britain could be the ‘natural owner’ of the global wave power market, generating revenues worth £2 billion per year by 2050 and up to 16,000 direct jobs.

To generate maximum economic benefit, the Government intends to publish its Marine Action Plan early next year. This will set out the key steps which will need to be taken by both Government and Industry to make the mass deployment of marine energy technologies a reality.

Politics News-China Expected to lead in UN Climate Change Meeting

Today in New York world leaders are sitting down to discuss their plans to fight climate change. Attention is likely to focus on Chinese President Hu Jintao, who is expected to unveil stringent new plans to tackle global warming. China, out of all the developing countries it is agreed have moved quickly. Yes indeed they do have a high level of emissions hover they are taking steps and investing in renewable energy and talking openly about emissions and what they want to do.

With Just 76 days left before Copenhagen the pressure is on for global leaders to come to agreement.

The cacophony of noise from politicians, pressure groups, and the public is rising. However the real challenge has not changed over the last ten months. The divide between developed and developing countries and the level of CO2 each must cut still remains the main bargaining point.

In the Daily Telegraph Lord Stern Summarises the situation as a "deadlock consists of an approach by rich countries which collectively involves inadequate emissions reductions and unwillingness to make financial commitments without being able to approve the plans for developing countries to move to low-carbon growth. And on the part of developing countries, an unwillingness to make commitments on reductions without a clear indication of financial support from the rich countries, together with an unwillingness to have their own plans for low-carbon development determined by, or subject to the approval of, the rich countries".

Writing in the Guardian Ed Miliband, appeals for the deal makers not to have a re-run of Kyoto, Doha and Gleaneagles where 'piecemeal' arrangements were the results of these rounds of talks.

Tony Blair reappeared on the world stage this time talking about the threat of Climate Change. While the liberal democrats are calling for no one to nominate him for the position of future European President he was in New York presenting his paper titled 'Cutting the Cost' to UN Secretary General Ban –ki-moon.

The paper focuses on the economic advantages of a global response to rising temperatures caused by the growth in greenhouse gas emissions. In the findings the Rt hon. Blair claims that over 10 million jobs can be created in fighting climate change. In a foreword to the report, Mr Blair attempts to head off criticism of the proposals.

Blair states: ''Some may choose to quibble about the exact numbers in the analysis, while others may argue that the policy scenarios used are unrealistic. This misses the point. Our objective is not to prescribe the targets and timetables that should be adopted: that is the job of scientists and governments”.

However in reality this week all eyes will be on China. They have the political will, the ability to invest in new green technology. They have the willingness to move ahead at speed in cutting emissions. If they decide to do so this week they will leave the US, the EU and the rest of the world behind.

Taylor Keogh Communications Public Affairs and PR for the Energy and Clean Tech sectors

Industry News-Funding for wind energy welcomed but more needed for renewable sector

The government’s announcement that it is to drive funding into Clipper, Siemens, and Artemis Intelligent Power has been widely welcomed. However it must be viewed within the context of the wider challenges facing the renewable energy market in the UK. These include access to funding for projects, planning issues for large onshore and offshore wind farm projects and the general pace at which everything is moving at.If the UK is to profit from the new ‘green economy’ then more effort must be taken on several fronts.

In order to comply with legislation from the European Union, the UK's renewable energy target (to produce 15% of final energy consumption from renewable sources by 2020) may require between 35% and 40% of electricity to come from renewable energy sources by 2020.

Research from the business advisory group the Carbon Trust shows that by 2020, the UK could capture 45% of the global offshore wind energy market, and that by 2050 our wind energy industry alone could be worth £65bn to the UK economy.

Building up the 40 GW capacity that the EU will need to reach its climate targets requires €57 billion of investment by 2020 but banks are still reluctant to lend money. Although offshore wind projects by nature attract large utility companies with strong balance sheets, the challenge is not insignificant. The facts are single turbine installation vessel costs up to €250 million.

The challenge to onshore wind projects is still influenced by local planning issues and protests from local communities. As one commentator has noted local objections are normally based on aesthetic value of wind turbines and the ‘blight on the landscape’. While claiming that they support renewable energy and onshore wind farms it is always more favourable if they are ‘built in the next valley’. Of course it is not feasible to have wind turbines on every green belt of land in the UK but more proactive and progressive view must be taken.

It is widely agreed that the government is creating the right regulatory framework for renewable energy in the UK but if the banks are still hesitant to invest in more and more projects in wind and other new energy projects then it is hard to see how the government can reach its targets in fighting climate change. The issue of ROCs for marine and tidal energy is still on the table and must be seriously considered if this sector is to flourish. While Solar still needs a significant boost.

Electrified vehicles, carbon capture and storage (CCS), and concentrated solar power, among other emerging “green tech” sectors, will need massive investment, infrastructure, and research to get off the ground. While the Chinese, German, UK and US governments, along with private investors, are pursuing all of these technologies, they cannot achieve separately what they could jointly. Time is of the essence and bringing all the variables in science, technology, regulatory regimes and investment is the only solution to the present challenges.

Fighting climate change on a global context is the key. Worldwide in 2008, at $155bn (£95bn), more was invested in sustainable than conventional energy production. Britain is well placed to succeed and profit from this new 'green economy'. These projects create jobs, secure energy supply, fight climate change they bring investment to local communities and put money back into the wider economy.

The government now need to make this clear to the banks or they will need to take more steps in direct investment of green and clean tech technologies.

Taylor Keogh Communications Public Affairs and Pr for the Energy and Clean Tech Industry

Industry News-Made in Britain: the world's biggest wind turbine blades

The world’s biggest wind turbine blades will be made in Britain, Energy and Climate Secretary Ed Miliband said today.

Announcing grants for three offshore wind energy companies Mr Miliband today told the TUC annual conference:

“With strong government backing, the UK is consolidating its lead in offshore wind energy. We already have more offshore wind energy than any other country, we have the biggest wind farm in the world about to start construction, and now we’ll see the biggest turbine blades in the world made here in Britain.

“Our coastline means the offshore wind industry has the potential to employ tens of thousands of workers by 2020, manufacturing, transporting, installing and operating new turbines.

“It will take an active government to get us there and the funds I’m announcing today are part of the £120 million investment we
are making this year and next in the wind industry to make that happen.”

The three companies are:

* Clipper Wind Power - £4.4 million to develop their first prototype 70m blade for the Britannia project – the largest wind turbines in the world.

* Artemis Intelligent Power - £1 million to transfer their existing technology from automotive to wind energy.

* Siemens Wind Power UK - £1.1 million to develop the next generation power convertors for their larger offshore turbine.

As a result of their award Clipper will start work on a plant in the North East of England where blades for their giant turbines will be developed. Once constructed, each blade will be more than 70 metres long and weigh over 30 tonnes. The blades are part of the turbines that will stand at 175 meters tall. The plant will initially employ 60 people by the end of next year.

The grants are awarded under phase 1 of the Low Carbon Energy Demonstration (LCED) capital grants scheme. Vestas Technology UK Ltd was the first company to receive an award under the scheme last month. The total amount awarded under phase 1 is £10 million.

James G.P. Dehlsen, Chairman of Clipper Windpower, said:

“With the deployment of the 10MW Clipper offshore turbine in UK waters, the nation will benefit from clean power, and also from the strong economic boost arising from the development and serial production of the turbines in the coming years. DECC’s leadership in initiating and expediting the grant program is timely and will help to accelerate our planning for and delivery of the Britannia project.

We are appreciative of the support and look forward to the opportunity to continue to work closely with DECC.”

Waverley Cameron, Chairman of Artemis Intelligent Power said:

“This kind of targeted support by government enables small R&D companies like Artemis to develop the breakthrough technologies needed to bring Britain to the forefront of the low carbon revolution.”

Taylor Keogh Communications Public Affairs & PR for the Energy Industry

Industry News-UK and Ireland moving closer to one energy market

UK and Ireland moving closer to one energy market - In a move that will bring the UK and Irish energy markets closer together the Irish National Electricity network operator Eirgrid yesterday was given the green light for its planned €600 million power link between Wales and Ireland.

Source: Guardian.co.uk

Industry News-Approval for Ireland Wales electricity link

Planning chiefs today gave the go-ahead to a major new electricity link between Ireland and Wales.

Minister for Energy Eamon Ryan said the vital two-way link would bolster electricity supply and speed up the development of renewable energy.

“It will mean we can import electricity when required from the UK market,” he said.

“More importantly, it will mean we can export our electricity to the UK. When the wind is blowing in Ireland, we can sell this power to our neighbours,” he added.

The 260km underwater cable will reach land in Rush, north Co Dublin and Barkby beach in North Wales bringing power to 300,000 homes.

It could also help drive down household bills by increasing competition in the electricity sector, Mr Ryan added.

The 500 megawatt East-West Interconnector was approved by An Bord Pleanala, granting Irish energy firm EirGrid the green light for the 600 million euro project.

Around 100 jobs are set to be created when Swedish engineering firm ABB begins building the link next year, with construction expected to be completed by 2012.

An estimated 45km of underground cables will run along public roads to Rush from a converter station in Woodland, Co Meath.

The Welsh link will begin at Deeside and travel northwards up the coast to arrive at Barkby beach.

Taylor Keogh Communications Public Affairs and PR for the Energy Industry

Industry News - Green Cars, Emissions and Charging Points in the UK

Green Driving and green cars are this weeks’ focus for a lot of the media. In part this is because the German Frankfurt Car show is now on but more than anything it is because Hybrid and electric vehicles are becoming more and more part of the make up of transport in the UK.

Slowly but surely we are seeing more Smart cars and Toyota Prius on the streets. However one thing manufacturers must look out for is being clear in their environmental claims.

Last week the Guardian journalist Fred Pearce questioned the ‘green’ claims being made by BMW for their new X6. He observed the “The ActiveHybrid X6's official CO2 emissions rating with the European Union is 231 grams per kilometre. That compares badly with the EU's 2012 target for average emissions from new cars of 120 grams. It is also higher than the emissions from most of the new Lexus hybrid range and more than twice the emissions of a Toyota Prius, for instance”. So the focus needs to be on clearly commuting the improvements in the technology and what it does in real terms for reducing CO2.

On the Today Programme on BBC radio 4 they continued with the automotive theme with an interview with Dr Peter Wells, of the Centre for Automotive Research at Cardiff Business School. Wells was discussing how for decades, the motor industry has been promising that electric motoring is just around the corner but there were still some key challenges to sort out – namely in the area of battery life and the cost to the consumers. Once these are solved he predicts the market growing fast with quicker consumer uptake.

Charging Points
The Energy Technologies Institute outlined their development plan to have charging points for electric and hybrid cars across the UK. Nine cities and towns in the UK are to have charging points for electric and hybrid fuelled vehicles under an £11m development plan. Birmingham, Coventry, Glasgow, London, Middlesbrough, Milton Keynes, Oxford, Newcastle and Sunderland will be the first to benefit from the scheme.

This scheme will be welcomed by the industry and the public as a lack of charging points has been one of the main blocking points to the roll out in the UK. There is a huge need to focus on the charging points to ensure that the public can start using hybrid and electric cars quicker.

If the public can only charge up at home and then find it challenging to find a charging spots in towns and cites, when they are out shopping or at work it just acts as barrier to people starting to take up the electric and hybrid cars.

London mayor Boris Johnson commenting on the scheme, said: "Moving to using electric vehicles which emit zero pollution will have a major impact on cutting carbon emissions, improving air quality and reducing noise pollution.

"I want to make it much easier to go electric which is why in London we are planning to roll out 25,000 charging points.

"So I'm delighted that the capital is part of the joined cities network helping to speed up the electric revolution across the country."

Taylor Keogh Communications Public Affairs and PR for the Energy Industry

Industry News- Advice on IPC preapplication consultation published

The government has fleshed out key elements of the planning regime for nationally significant infrastructure projects by publishing guidance on the new requirements for pre-application consultation.
Click Here for the full article

Client News-Carbon Trust backs cutting edge marine energy devices to help accelerate commercial deployment

11 September 2009 -New investment to focus on finding innovative and cost-effective ways to install and maintain large-scale offshore devices

The Carbon Trust is to support two cutting edge marine energy devices in a bid to accelerate the commercial development of wave and tidal energy in the UK. Projects to be supported through the Marine Energy Accelerator with Pelamis Wave Power and Marine Current Turbines will focus on installation and maintenance which currently account for up to 50% of the project costs of wave and tidal energy and could delay more widespread deployment if not reduced.

Reliably moving a 180 metre Pelamis electricity-generating “sea snake” onto a mooring many kilometres offshore is a task that highlights the challenges of making marine energy a commercially viable method of generating renewable energy. The Carbon Trust and Pelamis Wave Power are investigating an innovative remotely operated vehicle (ROV) that will assist with manoeuvring these giant machines into position.

They will also integrate remote control technology into existing systems which will enable deployment in rougher seas. These developments promise to significantly reduce vessel and equipment requirements and make installation and maintenance quicker, cheaper and safer, thereby reducing the overall cost of the energy generated.

Alongside work with Pelamis Wave Power, the Carbon Trust is supporting a project with Marine Current Turbines to develop an innovative way to deploy its pioneering SeaGen tidal energy system. The new method will involve a remotely operated subsea drilling platform which will install foundation piles in advance of the main turbine support structure being deployed in a single unit. This would enable smaller and less expensive support vessels to be used for the offshore works, reducing the costs of turbine installation.

Carbon Trust is providing £250,000 for the Pelamis project and a further £150,000 for a feasibility study on the MCT foundations technology. The MCT technology is likely to be tested in a disused quarry, and if it performs as expected will be used in SeaGen’s next deployment off Anglesey where the company is working with RWE npower renewables to deploy a 10MW tidal farm, using seven SeaGens.

These two projects form part of the wider Carbon Trust’s Marine Energy Accelerator programme, which brings together device developers, component technology manufacturers, engineering consultants and academic research groups to accelerate cost reduction in the industry.

Mark Williamson, Director of Innovations at the Carbon Trust, said:
“Innovation in the deployment and maintenance of wave and tidal devices will be critical in cutting the cost of marine energy and unlocking the potential of this fantastic renewable energy resource. Our analysis shows that the UK is already leading the world in wave energy. If we can bring down the costs of deploying this technology, we will be able to generate marine energy on a scale that will help meet our 2020 renewable target and deliver significant economic value as well."

Energy from wave and tidal power could provide up to 20% of the UK’s current electricity and has the potential to cut carbon dioxide by tens of millions of tonnes. Recent analysis, launched at the start of the Carbon Trust’s Clean Tech Revolution campaign, to make Britain a global hub of low carbon innovation, found that 25% of the world’s wave technologies are already being developed in the UK. The analysis also showed that Britain could be the ‘natural owner’ of the global wave power market, generating revenues worth £2 billion per year by 2050 and up to 16,000 direct jobs.

Beth Dickens of Pelamis Wave Power said:
“This project will allow more machines to be installed more often and more cheaply as we will not be as reliant on good weather conditions and specialist boats for the operation. We have had a successful working relationship with the Carbon Trust for a long time, so they were a natural port of call for help in developing this technology which will help speed the deployment of our wave power devices.”

Martin Wright, Managing Director of Marine Current Turbines, said:
“The Carbon Trust’s support is highly valuable to Marine Current Turbines and will help us to build upon our success with our first SeaGen commercial tidal turbine project in Northern Ireland’s Strangford Lough which is generating power into the local grid.

“Their participation in this project has enabled us to look at how we can install farms of our SeaGen tidal energy systems cheaper and more efficiently in the future. The Carbon Trust’s part-funding of the project underlines the commercial potential that exists for MCT’s pioneering tidal energy technology to be deployed in UK waters as well as overseas.”

Ends

Notes to editors
For more information or an interview please call the Carbon Trust press office on 0207 544 3100.

The Carbon Trust

* The Carbon Trust is an independent company set up in 2001 by Government in response to the threat of climate change, to accelerate the move to a low carbon economy by working with organisations to reduce carbon emissions and develop commercial low carbon technologies.
* We cut carbon emissions now by providing business and the public sector with expert advice, finance and certification to help them reduce their carbon footprint and to stimulate demand for low carbon products and services. Through our work, we’ve already helped save over 17 million tonnes of carbon, delivering costs savings of over £1billion.
* We cut future carbon emissions by developing new low carbon technologies. We do this through project funding and management, investment and collaboration and by identifying market barriers and practical ways to overcome them. Our work on commercialising new technologies will save over 20 million tonnes of carbon a year by 2050.


Marine Current Turbines Ltd

1. Marine Current Turbines Ltd (http://www.marineturbines.com/) is based in Bristol, England. The company was established in 2000 and its principal corporate shareholders include BankInvest, ESB International, EDF Energy, Guernsey Electricity and Triodos Bank. In September 2008, MCT was ranked in The Guardian/Library House Top 10 of European clean-tech firms and in June 2009 won Renewable Energy Developer of the Year in the UK Renewable Energy Association Annual Awards.
2. SeaGen works by generating power from sea currents, using a pair of axial flow turbines driving generators through gearboxes using similar principles to wind generator technology. The main difference is that the high density of seawater compared to wind allows a much smaller system; SeaGen has twin 600kW turbines each of 16m diameter. The capture of kinetic energy from a water current, much like with wind energy or solar energy, depends on how many square meters of flow cross-section can be addressed by the system. With water current turbines it is rotor swept area that dictates energy capture capability, because it is the cross section of flow that is intercepted which matters. SeaGen has over 400 square meters of rotor area which is why it can develop its full rated power of 1.2MW in a flow of 2.4m/s (5 knots).

For further information:
Martin Wright, Managing Director,
T: +44 (0)117 979 1888
or
Paul Taylor, Taylor Keogh Communications
T: +44 (0) 203 170 8465 / DDI: +44 (0)203 170 8466
M: +44 (0)7966 782611
E: paul@taylorkeogh.com
W: http://www.taylorkeogh.com

Industry News- UK 'could face blackouts by 2016'

In an interview with the BBC the government's new energy adviser says the UK could face blackouts by 2016 because green energy is not coming on stream fast enough.
Click here for the full text

Client News-Marine Current Turbines ranked world’s No 1 tidal power company by international panel of experts

(Bristol, England) Marine Current Turbines has been ranked as the world’s leading tidal power company in the Cleantech Group’s “Global Cleantech 100” survey, produced in association with the UK’s Carbon Trust and published in The Guardian newspaper.
Click here to read the guardian article

Industry News-Power station and refinery workers vote for strike action

Some of Britain's largest refineries and power stations face being shut down after workers voted to stage official action over the hiring of cheaper foreign labour.

The result of the ballot – to be revealed tomorrow to the employers, including BP and Shell – follows months of "wildcat" action sparked by the use of foreign contractors at Lindsey refinery in Lincolnshire.

The vast majority of 7,000 of GMB union members at seven sites, which include the nuclear complex at Sellafield and BP's North Sea gas pipeline, have voted in favour of industrial action, the Guardian has learned. They want employers to allow unions to carry out full audits of the contracts of all 30,000 workers. Unions accuse companies of reneging on national collective pay deals by hiring workers, often from overseas, on lower wages.

Fellow union Unite, which represents the remainder of the workforce, has also been balloting its members. It is expected to announce the result next week, but members are also understood to have balloted overwhelmingly in favour of action. GMB will wait for the result of Unite's ballot
before taking action.

Union officials will meet employer representatives for talks, but workers' leaders are determined to take action to prevent the further erosion of the principle of collective pay bargaining. Employers counter that being prevented from hiring foreign staff for lower wages than agreed under collective pay deals obstructs the movement of labour in the European Union.

Employment lawyers said that companies could attempt to overturn the ballot in the high court, which would make the planned industrial action illegal. Victory for employers would seriously undermine the union movement by limiting the use of its ultimate sanction, the right to strike.

Marc Meryon, a partner specialising in industrial relations law at Bircham Dyson Bell, said: "This is a conflict between two rights in European law: one is the freedom of movement of labour and the other is the right to go on strike. Employers are likely to have been taking advice over whether unions can have a lawful strike over employing foreign contractors on lower wages."

Wildcat strikes swept Britain's construction and energy industries at the beginning of the year after Total hired about 100 Italian and Portuguese contractors at its Lindsey refinery. Total insisted it was paying them the same wages but British workers questioned why they were not employed instead. The use of foreign labour became more of a flashpoint in March when it emerged that power firm Alstom was paying Polishconstruction workers at its Isle of Grain plant, in Kent, £4.50 an hour less than their British counterparts. The Engineering Construction Industry Association (ECIA) said at the time that the "incident resulted from a misinterpretation". The ECIA, which will meet representatives from GMB and Unite , did not return calls from the Guardian.

The seven sites at risk are: BP's Forties pipeline facility at Grangemouth; the Ineos refinery at Grangemouth; Sellafield; Shell's refinery at Stanlow; RWE's power plants at Staythorpe in Nottinghamshire and Aberthaw in South Glamorgan; and Chevron's refinery in Pembroke.

The unions are negotiating a new three-year pay deal. Employers are said to have agreed to the principle of setting up a national skills register which unions believe would identify what type of training in Britain is most needed. Unions also want a unemployed workers' register which companies must use to fill vacancies. Employers are said to have also agreed to allow unions to audit their workforces' pay, "except in exceptional circumstances" which unions believe is an unacceptable caveat. "We don't trust them anymore," said one union source.

Employers are required to pay the minimum wage to foreign workers but many circumvent collective pay agreements by using subsidiary companies to hire them on a lower wage.

For the full article click here

Industry News-London brokers turn attention to green finance

Bonds providing a hedge against the risk of governments missing their climate commitments could give investors the necessary confidence to invest in low-carbon projects, Professor Michael Mainelli from Z/Yen, a City of London-based risk management firm, told EurActiv in an interview.

The biggest obstacle to investment in green projects is a general lack of confidence in government policy being enacted, Mainelli argued. He pointed out that when the EU's emissions trading scheme was inaugurated, politicians agreed that carbon prices need to stand at about €25-€30/tonne, but in reality, the market crashed in 2007 when too many permits were issued and the price is still nowhere near that.

High carbon prices are crucial to the profitability of renewable energy projects, the financial expert argued. "And they depend on government policy," he said, adding that policies such as feed-in tariff rates are equally important.

Mainelli presented the idea of index-linked bonds as a way for governments to guarantee investors that they will get a return on their low-carbon investments, regardless of whether the government keeps its climate pledges.

"The basic idea here is that governments would pay interest on their own debt, and they would pay more interest if they failed to meet their carbon targets," he said.

The targets of the bonds could vary, Mainelli said. He cited as examples carbon prices, where the government pays interest if carbon is below a set price, and feed-in tariffs, where the government pays if it does not maintain a set rate or fails to reach the country's emissions reduction target.

To illuminate the issue, Mainelli offered a scenario whereby a large pension fund puts €500 million euros into a wind farm that produces at €90/MWh, when the current price of electricity stands at €85/MWh. At the same time, it buys government bonds priced at a feed-in tariff of €110/MWh.

In case in reality the tariff turns out to be only €100, the investor's profit from the wind farm is only €10/MWh, instead of the expected €20, but it is making €10 on the French government.

The idea differs from many other bonds proposals in that it is simple and does not involve forfeiting returns out of concern for the climate, Mainelli stressed.

"What makes us really subversive - one of the things I find interesting as we've been chatting to governments - is that they begin to realise that they've got to put their money where their mouth is," Mainelli said. He argued that index-linked carbon bonds are analogous to inflation-linked bonds that governments had to start issuing in the beginning of the 1980s, when people lost confidence in their government's ability to control inflation.

"But of course the uncomfortable truth is that they just don't like it because if they fail to make their targets, then they'll have to pay a lot of interest," he added.

Nevertheless, as OECD governments prepare to issue $9 trillion in debt in the next three years due to the financial crisis, compared to only €18 trillion in the past 40 years, they are now seriously considering the idea, Mainelli said.

"So it's like any supply and demand situation: supply is going through the roof but demand is dropping. And the suppliers, the governments, are going to have to come up with interesting ways of selling their debt. And this is one of them," Mainelli concluded.

For the full article please click here

Political News-DECC appoint David Mackay as Chief Scientific Advisor

David MacKay, Professor in the Department of Physics at Cambridge University and author of the influential book ‘Sustainable Energy -without the hot air' has been appointed Chief Scientific Advisor to the Department of Energy and Climate Change.

The Chief Scientific Advisor’s role is to ensure that the Department’s policies and operations, and its contributions to wider Government issues, are underpinned by the best science and engineering advice available.

Professor MacKay said:

“Climate change and secure energy are two of the most urgent issues facing the UK and the global community. The solutions must be rooted firmly in the science and I look forward to advising the Government on how it can help deliver these important goals.”

Secretary of State Ed Miliband said:

“David MacKay is known for making science accessible and helping to explain clearly the urgency and the challenges of moving to a low carbon economy. I want him to bring all of these qualities to the job of advising DECC on how we can meet Britain’s carbon targets and energy security needs.”

Click Here to read ‘Sustainable Energy -without the hot air' by David Mackay

Industry News-Danish Wind Energy Industry Blows Europe Away

As concerns grew over global warming in the 1980s, coupled with the energy crises experienced in the 1970s, Denmark found itself at the sharp end of a renewable energy movement in a bid to limit its dependence on foreign oil. The country immediately went on to adopt various laws calling for a cut in carbon emissions and outlawing the construction of nuclear power plants.

Given its large offshore wind resources and large expanse of sea territory with shallow water depth where siting is most effective, it made sense for Denmark to cultivate a wind power industry.

At the centre of the Danish wind movement is the Danish Wind Industry Association which is a not-for-profit organisation covering over 200 companies.

Rune Birk Nielsen of the DWIA said the association has involvement across the board, ranging from utilities to suppliers and sub-suppliers. ‘To sum it up, we work with everyone from the top to the bottom of the chain in this industry. The aim of the game is the make the best possible frame for the industry to succeed in Denmark.’

Over the years, many investors point towards Denmark as a success story. However, with such some success, will over-crowding deter future investments and potentially harm the Danish market?

Nielsen said, ‘I don’t tend to see that reaction from the people we work with. On the contrary, I believe we will see the wind industry continue to grow, rather than deter people from getting involved. The climate legislation to be signed in Denmark later this year is expected to reaffirm wind’s role in meeting Denmark’s renewable energy goals. At present, we are one of the only solutions available which could really fulfil those targets.’

Nielsen believes that the fact that wind energy has been prevalent since the 1970s rather than introduced on a gradual basis means it will continue to play a vital role; ‘In the 1980s we started commercialising the production of wind turbines and several production companies began to venture into this market. Market-wise, the growth started in the 1990s with the introduction of major financing.

These two combined have forced politicians to sit up and take notice, really setting the bar for Denmark to become the leader within this field.’

In comparison to its European counterparts, the DWIA maintains that Denmark is number one in market shares with huge wind businesses, as well as pole position for the integration of wind power into electricity generation. However, Nielsen acknowledges that other countries will attempt to overtake Denmark’s position as awareness of global warming and opportunities in renewable energy continue to grow.

‘I do believe that over the next four or five years we will experience a huge development in offshore wind energy in other countries, namely the UK, Germany and perhaps even the north east China. The US is also getting started in this market following new legislation. Globally,
we have very strong wind resources so it’s inevitable that other countries will start to rival Denmark. However, I think it will be good for us to have strong competition to push our ideas ahead.’

Denmark continues to develop its market-leding capabilities in response to foreign rivals. Nielsen said, ‘Policy will play a vital role. We believe it is the job of the politicians to step up and set long-term targets for the industry to work towards.’

Despite the financial downturn, Nielsen is convinced that the wind industry will continue to see growth. ‘The financial downturn has resulted in projects being postponed rather than cancelled. The global warming question hangs heavily and we must not be deterred from creating a
green economy.’

Nielsen, hoverer, does concede that 2009 has been a slow year compared to the growth witnessed in 2008 and the preceding years. ‘The years to come will mark a return to that huge growth and we are aiming to see around 20 per cent growth year-on-year. We are very optimistic that wind energy will remain a significant contender which is why we set ourselves such strict targets. Last year we published our annual statistics based on our members and when we asked how our members saw the long-term growth rate, they firmly believed that 2010 onwards will see dramatic growth of between 15-20 per cent so there is no reason to worry.’

Nielsen concluded, ‘We will play a huge role in stopping climate change in its track and our success so far has showed that we have no reason to fear the 2020 targets.’

click here for the original version of this article

Company News-Taylor Keogh Communications joins the 10:10 UK campaign

Today Taylor Keogh joined with thousands of people and organisation it its support the 10:10 UK the grass roots campaign aims in which individuals and institutions make a personal vow to cut their carbon emissions by 10% in 2010. In a first step to try to stop runaway climate change,attracted 5,000 signatures in the hours following its launch.

To support the campaign and find out what you can do click here 10:10

To read more media reviews click the links below:

The Guardian

The Daily Telegraph

Political News-UK government proposes faster grid access for renewable energy

UK Secretary of Energy and Climate Change, Ed Miliband, has proposed to address the way power plants are connected to the UK’s power grid in the hope of getting new generation, including renewable energy, connected faster.

The Department of Energy and Climate Change (DECC) says in a statement: “The shake-up will help new projects waiting to get a date to feed electricity into the grid to get out of the queue, and will in particular help renewable energy projects such as wind farms.”

Currently 60 GW of new electricity generation is waiting to be connected to the grid, of which 17 GW is from renewable energy.

Under the current system, new generation, including renewable energy, has been connected on a first come first serve basis regardless of when the projects can actually start generating electricity. According to DECC, this means some windfarms, for example, were given grid connection years after they were due to start producing renewable energy.

Miliband says: “Access to the grid has been one of the key barriers to the generation of renewable energy in this country. … We need these new projects to get hooked up to the grid as soon as they are ready – both to help tackle climate change and secure our future energy supplies.

“The government will do whatever is necessary to bring about the transition to a low carbon economy and to give investors the certainty they need so that new renewable energy generation is built.”

DECC proposes three models:

* Connect and manage (socialised): Cost will be shared between all users of the network;
* Connect and manage (hybrid): A model that targets some, but not all, of the additional constraint costs on new entrant power stations;
* Connect and manage (shared cost and commitment): A model that offers the choice to new and existing power stations to commit to the network (which is helpful to the grid in terms of long term management of the system) in return for greater certainty over charges, or to opt out and be exposed to additional constraint costs.

Ofgem has already approved interim arrangements, which so far have seen 1 GW of renewable energy projects in Scotland being offered earlier connection dates. The UK government says it wants to ensure that these arrangements are put fully in place by June 2010.