Posts Tagged ‘energy industry’

Conducive regulatory policies have helped the US to emerge as the leading producer of renewable energy across the Americas. At the end of 2009, the country had an installed renewable energy capacity of 53.4 GW. The US also had the highest installed wind capacity globally and the third highest solar PV installed capacity globally, after Spain and Germany. The United State’s installed wind capacity grew at an AAGR of 29.7% during the period 2000–2009 and is expected to grow at an AAGR of 17.2 percent during the period 2009–2015. The solar PV capacity of the US increased at an AAGR of 27.5 percent between 2000 and 2009. This capacity is expected to increase further at an AAGR of 34.4 percent during the period 2009 and 2015.

Despite the fact that the US lacks a federal Renewable Portfolio Standard (RPS), the different levels of RPS adopted by the state governments have fuelled the growth of renewable energy. The recent enactment of the American Recovery and Reinvestment Act (ARRA), and the introduction of long-term Production and Investment Tax Credits in wind and solar energy significantly increased investments in renewable energy in 2009.

GlobalData’s new report, “North and South America Renewable Energy Policy Handbook 2010” provides an in-depth analysis of the renewable energy policy initiatives and regulations in North and South America. The research focuses on the implementation and impact of policy initiatives on the growth of the renewable energy market in these regions. The report provides significant information and insights into renewable energy policies in North and South America and then analyzes the drivers for the growth of the renewable energy market. The report discusses the policy initiatives and legislation adopted by the governments in the America’s to promote growth and investments in the renewable energy sector. Policy instruments such as Renewable Portfolio Standards, Tariffs and Government Programs have been elaborated in each country in this report. The GlobalData research report also deals with various fiscal and financial measures such as tax credits, tax reforms, subsidies and low interest loans to encourage the growth of renewable energy in North and South America.
Regulatory Support Has Enabled the US to Emerge As the Top Producer of Renewable Energy in the Americas

Conducive regulatory policies have helped the US to emerge as the top producer of renewable energy in the Americas. At the end of 2009, the US had an installed renewable energy capacity of 53.4 Gigawatts. The United States also had the highest installed wind capacity globally and the third highest solar PV installed capacity globally, after Germany and Spain. The US’s installed wind capacity grew at an AAGR of 29.7% during the period 2000–2009 and is expected to grow at an AAGR of 17.2 percent during the period 2009–2015. The solar PV capacity of the US increased at an AAGR of 27.5% between 2000-2009. This capacity is expected to further increase at an AAGR of 34.4% during the period 2009–2015.

Despite the fact that the US lacks a federal Renewable Portfolio Standard (RPS), the different levels of RPS adopted by the state governments have fuelled the growth of renewable energy. The recent enactment of the American Recovery and Reinvestment Act, and the introduction of long term Production and Investment Tax Credits in wind and solar energy significantly increased investments in renewable energy in 2009.

Further research and analysis on the renewable energy sector can be found of InfoGrok Energy. The report North and South America Renewable Energy Policy Handbook 2010 can be found here.

Wind Energy News

InfoGrok Energy, a leading Energy industry news and intelligence website is reporting that Vestas, the Denmark-based wind energy company have received a substantial order from Devon Wind Power Ltd, a subsidiary of ESB Wind Development UK.

The order is for delivery of 22 units of its V90-3.0 MW wind turbines to its large scale Fullabrook Wind Farm.

Fullabrook Wind Farm, which is situated between Barnstaple and Ilfracombe in North Devon area.

The order that has been received has an overall capacity of 66 MW. All the wind turbines ordered as part of the deal will be installed at the site.The delivery of the turbines is scheduled to be completed by a deadline of April 2011. The contract includes (1) supply; (2) installation and; (3) commissioning of the wind turbines. It is estimated that once the wind farm is fully operational, it will provide sufficient electricity for nearly 30,000 domestic consumers in the UK.

Klaus Steen Mortensen, President of Vestas Northern Europe is quoted as saying, “We are very pleased to announce this order.” “When completed, the Fullabrook will become the largest onshore wind farm in England, and it is a landmark in both the development of ESB as one of our key accounts and in their strategic goal of investing EUR 4 billion in renewable generation projects. Vestas looks forward to playing an active role in the achievement of this target.”

When put into full production, Vestas predicts the wind turbines will save the environment from an annual carbon emission count of more than 91,000 tons of CO2 compared with the average generated energy sources such as oil, gas and nuclear in the United Kingdom.
This move will further strengthen the UK coalition governments green credentials amongst environmentalists, the general public and also work as a test bed for future growth of the wind energy industry in the United Kingdom.