Saturday, 8 May 2010

Time for Green - wanted £100B

UK targets for renewables are 15% all energy supplied by 2020 (its 2% today) or up by x7.5. The 2% of energy generated by renewables today has £2.2B turnover and employs 7000 people. Try multiplying that by 7.5 and see what a business opportunity lies await.

At last, good news, there was more renewable energy capacity than fossil built in the EU in 2008/9.

Here's the summary for UK and the outlook

Electricity



We have along way to go in UK, but we are making a start - see 'Wind farms' below. 6% of our electricity comes from renewables today. This needs to rise to 35% with 40GW of installed capacity by 2020.

Heat



On top of that heating (biomass, solar, ground heat pumps etc) from renewables is only 1% today, and this needs to rise to 12% by 2020. The new Renewable Heat Incentive coming from April 2011 will boost this.

Transport



The target is 10% of road transport energy from renewables by 2020. The Renewable Transport Fuel Obligation calls for 3.5% of biofuels (many think this is stupid use of food...). But anyway it comes nowhere near the target as the 10% target equates to 14% by volume...

This is a BIG problem. We need to turn fast to both transport-miles reduction and electric vehicles.

Money maker?



£100B will be invested in the next 10 years.

Screen shot 2010-05-08 at 12.20.51.png

Wind farms



Just how many wind farms do we have, and how much electricity do they make? There are four steps along the way:

Planning -> Agreed -> Under Construction -> Operational

When all these are finished for the current projects we will have 19GW of wind power, about half the 2020 target for total renewables. And probably not enough to stop the lights going out in 2015-16 as old power stations are de-commissioned. We need to accelerate even more this investment.

Operational


Onshore 250 = 3491MW
Offshore 12 = 1041MW

Total of 4532MW. There are 2896 trubines, enough energy for 2.5M homes. CO2 reduction 5.1Mt/year, SO2 reduction is 0.12Mt/year, NOx redution is 0.036Mt/year

Under construction are


Onshore 24 = 522MW
Offshore 5 = 1452MW

Total of 1975MW

Projects agreed but not started construction


Onshore 186 = 4327MW
Offshore 7 = 2794MW

Total 7121MW

Project in planning



Onshore 255 = 7558MW
Offshore = 5 = 2260MW

Total = 9818MW





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