PwC Survey: US Offshore Wind Power Still Has Obstacles To Overcome
|The results coming from a new PwC study might not be what clean energy enthusiasts want to hear. Their findings, called Offshore Proof, showed that those surveyed, feel that offshore wind power industry still has some major milestones to achieve before it can reliably become a part of America’s energy mix. Existing hurdles include high costs and lack of a strong technological track record. For those that are looking across oceans for clues as to how to jump start offshore wind power in North America, they are finding that government bodies are divided in sentiment about the viability of offshore wind power. The report also explains that viability will come to fruition when the industry’s costs come down to a range that nears the costs for our current energy mix. The catch is that the industry has to do this with little or no government.|
Kenyan Carbon Water Project Nears Completion
The end of this month will complete a 2-month plan to distribute up to 900,000 LifeStraw® Family water filters to homes in the Western Province of Kenya. Titled “Carbon for Water”, the program will give more than four million residents with quick access to safe drinking water at home. All of this was possibly through a carbon financing package by Vestergaard Frandsen (VF), a European business that specializes in disease control textiles. The company funded the project because they will receive carbon credits for the work completed. They can then pay for the project by trading the credits into existing carbon markets. Thus successfully reducing CO2 in emerging markets and making money at the same time. In order to keep the program sustainable, the revenue generated, in large part, will be re-invested into the “Carbon for Water” program.
Mitsubishi Power Systems Unveils New $325 Million Manufacturing and Service Facility
Mitsubishi Power Systems Americas, Inc. (MPSA) has announced the opening of a new $325 million manufacturing plant that will enhance the company’s smart grid solution. Called the Savannah Machinery Works, the state-of-the-art facility will build large gas and steam turbines. The complex is expected to generate 500 new jobs for the state of Georgia and create millions of dollars in economic activity.