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Monday, January 5, 2009

Renewable Energy : Will the UK's Windfarm Hype Become Reality?

By Tal Potishman

The United Kingdom's government pledged to lower the UK's carbon emissions by eighty percent by 2020 compared to 1990 levels. Recently, however, UK public has begun to wonder if the government is as dedicated to the cause as they claim to be.

An influential website, Wallstreetpit.com, said in a recent article that BP, a large energy company with headquarters in the UK, is closing down its Chinese, Turkish, Indian and British projects and focusing their attention on the United States. The same article implies that approximately thirty percent of the energy supply for the UK is supposed to come from windfarms. There were calls from opinion leaders in the UK asking the government why it has allowed BP to focus on the US when it (the government) says the future of British energy is green.

Adding a few questions of its own, the Guardian website released an article claiming that Great Britain is one of the best locations in the world for windfarm technology. Great Britain's lengthy coastline and famous wind conditions lend it nicely to the development of windfarms.

The article goes on to say that a Vattenfall and Iberdola Renovables new partnership will lead to a new United Kingdom-based windfarm. The building of this windfarm is estimated at 780m pounds and energy output is expected to be 300MW. Is this windfarm allowed because BP has refocused its attention? Why is private enterprise taking over an industry that the government claims to be invested in using?

Even more complaints are being voiced about the sum of money that will be needed to build the wind farms that will generate all of the green energy the UK's government is so enamoured with. If thirty percent of the nation's energy is going to be produced by wind farms, quite a few will need to be built to shoulder that burden. The Carbon Trust, an independent research group, has guessed that, in order to keep the government's promise the process will need to get considerably faster and-at the same time-sixteen billion pounds will need to be removed from the project's original budget. Redgreenandblue.com points out that although the UK targeted 2020 as the date by which this wind energy would be available, only twenty five percent of the wind farms will have been built by then.

UK residents understand that the future of energy production lies with renewable energy and not the existing power grid. Renewable energy is more cost effective and is better for the environment than the current system. Still, with so many roadblocks in the way, each one of us should be wondering just how serious the UK government's commitment to renewable energy is. If it is truly committed why is the project slowing down and losing money? What is getting in the way of the 2020 goal?

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