Marine Renewable Energy Advancement Taking Longer Than Hoped

Posted on August 19th, 2014 by
   

Marine Renewable Energy Advancement Taking Longer Than Hoped

Given the common knowledge that our planet is covered mostly by water, it is bizarre to many environmentalists that marine renewable energy technologies are not receiving more attention and investments towards development. Bloomberg New Energy Finance reports that tidal stream and wave power technologies are taking longer than hoped to develop. The research firm even revised down their estimates for the deployment of tidal stream by 11% and wave power by 72%. By the end of the decade, Bloomberg predicts growth of 148MW and 21 MW respectively- which are trivial numbers when compared to solar and wind.

World’s Largest CPV Cancelled As Australia Reviews Policy

Plans to construct the world’s largest solar power plant have been cancelled after developers raised concerns about Australia’s commitment to renewable energy. Solar Systems Pty Ltd. said that it has suspended its plans for a 100 MW plant in Victoria, Australia. The plant, which should have utilized concentrating photovoltaic technology, would have been three times bigger than any current project.  Clean energy developers have expressed concerns about the programs of Prime Minister Tony Abbott, where the Prime Minister was said to have been considering to do away with the country’s clean-energy target of getting 20% of electricity from renewables.

UK Installs First 6 MW Offshore Wind Turbine in North Sea

The United Kingdom celebrated the installation of its first 6 MW wind turbine over the weekend, erecting the first of 35 Siemens turbines at the Westermost Rough offshore wind farm in the North Sea. Upon completion, the wind farm will have a total capacity of 210 MW and produce enough power to provide electricity to around 210,000 homes in the region. The Westermost Rough offshore wind farm is a joint venture project between DONG Energy, Marubeni Corporation and the UK Green Investment Bank.

US Poised for LNG Exports Leadership as Coal Declines

The Department of Energy has recently announced that it had conditionally authorized Oregon-based LNG Development Co., LLC (Oregon LNG) to export Liquefied Natural Gas to countries without a Free Trade Agreement with the U.S.  The facility is now authorized to ship-out up to 1.25 billion standard cubic feet of LNG per day for the next 20 years, though the project is subject to final regulatory authorization. As more coal-fired plants are shut down, they are often replaced by advanced energy such as LNG. The US Energy Information Agency recently reported that coal imports fell more than 75 percent in the past seven years

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