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	<title>Carbon Commentary &#187; renewables</title>
	<link>http://www.carboncommentary.com</link>
	<description>A critical appraisal of issues in the move to a low-carbon economy</description>
	<pubDate>Tue, 03 Jun 2008 11:15:44 +0000</pubDate>
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		<title>A public share offer is the right way to fund the gap in the financing of the London Array*</title>
		<link>http://www.carboncommentary.com/2008/05/05/84</link>
		<comments>http://www.carboncommentary.com/2008/05/05/84#comments</comments>
		<pubDate>Mon, 05 May 2008 15:29:21 +0000</pubDate>
		<dc:creator>Chris Goodall</dc:creator>
		
		<category><![CDATA[DONG Energy]]></category>

		<category><![CDATA[E.ON]]></category>

		<category><![CDATA[Newsletter #10]]></category>

		<category><![CDATA[ROCs]]></category>

		<category><![CDATA[Shell]]></category>

		<category><![CDATA[investments]]></category>

		<category><![CDATA[power generation]]></category>

		<category><![CDATA[renewables]]></category>

		<guid isPermaLink="false">http://www.carboncommentary.com/2008/05/05/84</guid>
		<description><![CDATA[<table border="0" cellpadding="3" cellspacing="3">
<tr>
<td align="center"><a href="http://www.londonarray.com/wp-content/pdfs/boundaries-limits.pdf" title="Click on the image to see a more detailed map on the London Array website." target="_blank"><img src="http://www.carboncommentary.com/wp-includes/images/London-Array.jpg" alt="Offshore location map of the London Array" align="middle" height="370" width="440" /></a></td>
</tr>
<tr>
<td align="center"><small>Offshore location map of the London Array. Click on the image to see a more detailed map from the <a href="http://www.londonarray.com/" target="_blank">London Array website</a> (opens as a PDF).
</small></td>
</tr>
</table>
Shell backed out of its commitment to provide the financing for one third of the world’s largest offshore wind farm off the Kent coast. The London Array, expected to cost about £2bn, now needs to find a new investor. What about tapping the public? The project has reasonable economics, and private individuals could benefit from 40% tax relief by putting shareholdings into pension plans. Perhaps as importantly, such a move would raise understanding of renewable energy generation among the wider community.]]></description>
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<td align="center"><a href="http://www.londonarray.com/wp-content/pdfs/boundaries-limits.pdf" title="Click on the image to see a more detailed map on the London Array website." target="_blank"><img src="http://www.carboncommentary.com/wp-includes/images/London-Array.jpg" alt="Offshore location map of the London Array" align="middle" height="370" width="440" /></a></td>
</tr>
<tr>
<td align="center"><small>Offshore location map of the London Array. Click on the image to see a more detailed map from the <a href="http://www.londonarray.com/" target="_blank">London Array website</a> (opens as a PDF).<br />
</small></td>
</tr>
</table>
<p>Shell backed out of its commitment to provide the financing for one third of the world’s largest offshore wind farm off the Kent coast. The London Array, expected to cost about £2bn, now needs to find a new investor. What about tapping the public? The project has reasonable economics, and private individuals could benefit from 40% tax relief by putting shareholdings into pension plans. Perhaps as importantly, such a move would raise understanding of renewable energy generation among the wider community.</p>
<p> <a href="http://www.carboncommentary.com/2008/05/05/84#more-84" class="more-link">(more&#8230;)</a></p>
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		<title>Policy confusion on nuclear and wind</title>
		<link>http://www.carboncommentary.com/2008/03/10/79</link>
		<comments>http://www.carboncommentary.com/2008/03/10/79#comments</comments>
		<pubDate>Mon, 10 Mar 2008 14:41:48 +0000</pubDate>
		<dc:creator>Chris Goodall</dc:creator>
		
		<category><![CDATA[National Grid]]></category>

		<category><![CDATA[Newsletter #9]]></category>

		<category><![CDATA[nuclear]]></category>

		<category><![CDATA[power generation]]></category>

		<category><![CDATA[renewables]]></category>

		<guid isPermaLink="false">http://www.carboncommentary.com/2008/03/10/79</guid>
		<description><![CDATA[
<table border="0" cellpadding="3" cellspacing="3">
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<td><img src="http://www.carboncommentary.com/wp-includes/images/sizewell.jpg" alt="Sizewell B nuclear power station" height="261" width="348" /></td>
</tr>
<tr>
<td align="center"><small>Sizewell B nuclear power station</small></td>
</tr>
</table>
In the past three months, John Hutton, the UK government minister in charge of industry, has publicly backed an expansion of both nuclear and of offshore wind. Is this good for the UK’s climate targets? Possibly not.]]></description>
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<td><img src="http://www.carboncommentary.com/wp-includes/images/sizewell.jpg" alt="Sizewell B nuclear power station" height="261" width="348" /></td>
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<td align="center"><small>Sizewell B nuclear power station</small></td>
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<p>In the past three months, John Hutton, the UK government minister in charge of industry, has publicly backed an expansion of both nuclear and of offshore wind. Is this good for the UK’s climate targets? Possibly not.</p>
<p> <a href="http://www.carboncommentary.com/2008/03/10/79#more-79" class="more-link">(more&#8230;)</a></p>
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		<title>UK offshore wind farm development</title>
		<link>http://www.carboncommentary.com/2007/12/12/62</link>
		<comments>http://www.carboncommentary.com/2007/12/12/62#comments</comments>
		<pubDate>Wed, 12 Dec 2007 17:31:05 +0000</pubDate>
		<dc:creator>Chris Goodall</dc:creator>
		
		<category><![CDATA[Newsletter #7]]></category>

		<category><![CDATA[ROCs]]></category>

		<category><![CDATA[Siemens]]></category>

		<category><![CDATA[Vestas]]></category>

		<category><![CDATA[power generation]]></category>

		<category><![CDATA[renewables]]></category>

		<guid isPermaLink="false">http://www.carboncommentary.com/2007/12/12/62</guid>
		<description><![CDATA[<img src="http://www.carboncommentary.com/wp-includes/images/offshore-windfarm.jpg" />

The UK government has announced an intention to allow offshore wind farm development around most of the UK. John Hutton suggested that about 33 GW capacity could be added by 2020. This would provide about 25% of current UK electricity demand (which is itself rising by 1 to 2% per year).

Simple calculations suggest that this change may add about 15-25% to UK electricity bills. Offshore wind is more expensive to construct and operate than onshore wind farms. The announcement may suggest that the government believes that offshore wind can be pushed through but that onshore farms are likely to be successfully opposed. The big push for offshore wind seems to mean that the government is losing faith in nuclear.]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.carboncommentary.com/wp-includes/images/offshore-windfarm.jpg" /></p>
<p>The UK government has announced an intention to allow offshore wind farm development around most of the UK. John Hutton suggested that about 33 GW capacity could be added by 2020. This would provide about 25% of current UK electricity demand (which is itself rising by 1 to 2% per year).</p>
<p>Simple calculations suggest that this change may add about 15-25% to UK electricity bills. Offshore wind is more expensive to construct and operate than onshore wind farms. The announcement may suggest that the government believes that offshore wind can be pushed through but that onshore farms are likely to be successfully opposed. The big push for offshore wind seems to mean that the government is losing faith in nuclear.</p>
<p> <a href="http://www.carboncommentary.com/2007/12/12/62#more-62" class="more-link">(more&#8230;)</a></p>
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		<title>Community-owned wind farms</title>
		<link>http://www.carboncommentary.com/2007/11/26/58</link>
		<comments>http://www.carboncommentary.com/2007/11/26/58#comments</comments>
		<pubDate>Mon, 26 Nov 2007 23:16:54 +0000</pubDate>
		<dc:creator>Chris Goodall</dc:creator>
		
		<category><![CDATA[BT]]></category>

		<category><![CDATA[Co-operative Bank]]></category>

		<category><![CDATA[EDF]]></category>

		<category><![CDATA[Newsletter #6]]></category>

		<category><![CDATA[ROCs]]></category>

		<category><![CDATA[Siemens]]></category>

		<category><![CDATA[politics]]></category>

		<category><![CDATA[power generation]]></category>

		<category><![CDATA[public opinion]]></category>

		<category><![CDATA[renewables]]></category>

		<guid isPermaLink="false">http://www.carboncommentary.com/2007/11/26/58</guid>
		<description><![CDATA[<img src="http://www.carboncommentary.com/wp-includes/images/Fenland.jpg" align="left" height="147" hspace="5" vspace="5" width="254" />In Denmark and Germany, large numbers of individuals own shares in local wind farms. If the government encouraged this in the UK, a large part of the local opposition would disappear. Onshore wind farms in windy locations are good investments which could form an effective part of many people’s pension plans.

One of the few co-operatively owned wind farms in the country has almost finished raising its funds. Investors have put up £3m to buy two existing turbines in the Fens. Locally owned wind farms should be encouraged as a cost effective means of cutting emissions.]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.carboncommentary.com/wp-includes/images/Fenland.jpg" align="left" height="147" hspace="5" vspace="5" width="254" />In Denmark and Germany, large numbers of individuals own shares in local wind farms. If the government encouraged this in the UK, a large part of the local opposition would disappear. Onshore wind farms in windy locations are good investments which could form an effective part of many people’s pension plans.</p>
<p>One of the few co-operatively owned wind farms in the country has almost finished raising its funds. Investors have put up £3m to buy two existing turbines in the Fens. Locally owned wind farms should be encouraged as a cost effective means of cutting emissions.</p>
<p> <a href="http://www.carboncommentary.com/2007/11/26/58#more-58" class="more-link">(more&#8230;)</a></p>
]]></content:encoded>
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