Tag Archives: Wind

Carbon bubble? Solar and wind erode coal, gas, and biomass credit quality —Moody’s

In Europe it’s already happening: solar and wind are causing bond-rater Moody’s to warn of downgrades of energy companies that depend on heat from burning coal, gas, or biomass. Moody’s earlier even warned the Bank of England of a potential carbon bubble developing. If combustion energy plants are affected like this, the credit effects will be even bigger on even-more-expensive nuclear plants, which Moody’s called a bet-the-farm risk way back in 2009.

James Murray wrote for businessGreen 6 Nov 2012, Moody’s: Renewables boom poses credit risk for coal and gas power plants: Credit ratings agency warns increases in renewable power have had ‘a profound negative impact’ on the competitiveness of thermal generation companies,

“Large increases in renewables have had a profound negative impact on power prices and the competitiveness of thermal generation companies in Europe,” said Scott Phillips, an assistant vice president and analyst at Moody’s Infrastructure Finance Group, in a statement.

“What were once considered stable companies have seen their business models severely disrupted and we expect steadily rising levels of renewable energy output to further affect European utilities’ creditworthiness.”

And not just rising, rising increasingly Continue reading →

Kewaunee nuke is shutting down; why are we building more at Vogtle?

Dominion Power is shutting down a nuke because it can’t compete economically. Why are we letting Georgia Power charge us up front and load us up with debt to build a nuke we already know can’t compete economically? After all, if it could, it wouldn’t need three-legged nuclear regulatory-capture stool that we the rate-payers and taxpayers are already paying on, instead of getting on with solar and wind power.

According to 22 October 2012 PR from Dominion Power:

Dominion (NYSE: D) today said it plans to close and decommission its Kewaunee Power Station in Carlton, Wis., after the company was unable to find a buyer for the 556-megawatt nuclear facility.

According to Dominion:

Kewaunee, Dominion’s fourth nuclear station, generates 556 megawatts of electricity from its single unit. That’s enough to meet the needs of 140,000 homes.

The station began commercial operation in 1974…

1974? That’s the same year as Plant Hatch Unit 1, on the Altamaha River 100 miles from here. (Hatch Unit 2 came online in 1978.) But the Hatch reactors were relicensed in 2002 extending their lifetimes 20 years out to 2034 and 2038, so they won’t be closing, right?

Well, maybe they could. Howard A. Learner wrote for JSOnline 30 October 2012, Market has spoken in Kewaunee shutdown,

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2012 Drought more expensive than Hurricane Sandy

You thought Hurricane Sandy was bad? You were right, but economically, the ongoing drought is worse economically. But we already know a much brighter path.

Weather Underground founder Dr. Jeff Masters wrote 16 November 2012, Lessons from 2012: Droughts, not Hurricanes, are the Greater Danger,

Sandy’s damages of perhaps $50 billion will likely be overshadowed by the huge costs of the great drought of 2012.

By Dr. Masters’ estimate, the 2012 drought will cost more than half again as much as Hurricane Sandy.

Also notice Hurricane Katrina still at the top of that table, with almost three times the economic damage and far more deaths than Hurricane Sandy. We could have gotten the message back in 2005, but hey, those were only poor southern people, so who, in for example New York City, really cared? Yes, I know many of us did and many of you actively helped, but I’m sure you see my point that when greater New York gets the storm, suddenly the country pays attention and a lot more people want to find out how to keep that from happening again.

What’s that drought look like for us here in Georgia at the moment, according to U.S. Drought Monitor?

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West Point aiming for net zero energy use

U.S. Army is serious about solar, installing solar panels as a “very visible and a very recognizable part of our renewable energy initiative that can immediately click with the general public” as it makes its military academy net zero, while encouraging cadets to become renewable energy leaders. Hm, sounds like Decatur County with its solar industrial park and what we could do here with solar Lowndes High.

Mike Strasser wrote Army PR 29 November 2012, Solar panels deliver new energy to West Point’s Net Zero initiative,

The installation of solar panels on the roof of the Lichtenberg Tennis Center—780 panels, to be exact—in recent weeks represents West Point’s continuing efforts to achieve energy sustainability.

Since becoming a Net Zero Energy pilot installation last April, West Point has been making strides toward the ultimate goal of producing as much energy as it uses by 2020. According to an environmental assessment for the U.S. Army Environmental Command and West Point Garrison, the installation currently generates less than .02 percent of the energy it consumes from renewable sources. Matt Talaber, Department of Public Works engineer and director, said the solar panels will be a step in the right direction.

“The solar panels are very visible and a very recognizable part of our renewable energy initiative that can immediately click with the general public,” Talaber said. “It’s a positive image that shows West Point is interested in renewable energy and is working on its Net Zero energy goals.”

And they’re also improving conservation and efficiency. Plus this:

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Renewables are Winning, Nukes are Dead, and Coal is Crashing

Somebody is willing to read the sunshine writing: Renewables are Winning, Nukes are Dead and Coal is Crashing, as Kathleen Rogers and Danny Kennedy wrote for EcoWatch 14 Dec 2012.

As I wrote back in April when formerly coal-plotting Cobb EMC went solar:

Coal is dead. Nuclear is going down. Solar will eat the lunch of utilities that don’t start generating it.

Can Georgia Power and Southern Company (SO) read that handwriting on the wall? They can’t fight Moore’s Law, which has steadily brought the cost of solar photovoltaic (PV) energy down for thirty years now, and shows no signs of stopping. This is the same Moore’s Law that has put a computer in your pocket more powerful than a computer that cost hundreds of thousands of dollars in 1982 and was used by an entire company. Solar PV costs dropped 50% last year. Already all the new U.S. electric capacity installed this September was solar and wind. As this trend continues, solar will become so much more cost-effective than any fossil or nuclear fuel power that nobody will be able to ignore it.

Rogers and Kennedy explained this phenomenon:

The seismic shift in how we all use cell phones and mobile technology to access the internet almost snuck up on the incumbent technologies and the monopolies that made money selling us landline telephones and a crappy service. Now, we’re all using apps on smartphones all of the time. So too, the shift to a scaled, solar-powered future built around the modular technology at the heart of solar power—the photovoltaic solar cell—will come as a surprise to many. We call it the solar ascent, and it is happening every day in a million ways.

Will SO and Georgia Power continue to prop up that 1973 legal wall that inhibits solar financing in Georgia? Companies and even economic development authorities are starting to find ways around it, and of course there’s Georgia Solar Utilities (GaSU) trying to wedge into the law as a utility. After Hurricane Sandy, rooftop solar for grid outage independence has suddenly hit the big time (Austin Energy caught onto that back in 2003). The U.S. military got solar and renewable energy back in Afghanistan and are now doing it bigtime everywhere.

SO and Georgia Power can try to ignore Continue reading →

Rooftop solar for grid outage independence

Solar power can bring for energy independence, not just from foreign countries, also from the grid during storms and other outages.

Inspired by the need to deal with downed power lines in New York and New Jersey after Hurricane Sandy, David Crane and Robert F. Kennedy Jr. wrote for NYTimes 12 Dec 2012, Solar Panels for Every Home,

Solar photovoltaic technology can significantly reduce our reliance on fossil fuels and our dependence on the grid. Electricity-producing photovoltaic panels installed on houses, on the roofs of warehouses and big box stores and over parking lots can be wired so that they deliver power when the grid fails.

Solar panels have dropped in price by 80 percent in the past five years and can provide electricity at a cost that is at or below the current retail cost of grid power in 20 states, including many of the Northeast states. So why isn’t there more of a push for this clean, affordable, safe and inexhaustible source of electricity?

First, the investor-owned utilities that depend on the existing system for their profits have little economic interest in promoting a technology that empowers customers to generate their own power. Second, state regulatory agencies and local governments impose burdensome permitting and siting requirements that unnecessarily raise installation costs.

I can tell you by experience that solar panels on the roof (with batteries) can supply power when the grid is out.

In regulatory-captured Georgia, the big impediment to solar is financing, because of 1973 Territorial Electric Service Act. When will Southern Company and Georgia Power admit their boondoogle on the Savannah River has failed and get on with conservation, efficiency, wind, and solar power?

-jsq

Financing solar energy: Georgia’s special problem

In most states, financing solar energy is largely a matter of learning all the local ropes. In Georgia, there’s a bigger problem.

Michael Mendelsohn wrote for RMI 5 December 2012, How Do We Lower Solar Installation Costs and Open the Market to Securitized Portfolios: Standardize and Harmonize,

Soft costs can be pretty tough. The cost of solar installations can be generally separated into “hard” costs — representing primary components such as modules, racking, inverters — and soft costs including legal, permitting, and financing. While the former group — particularly modules — have dropped dramatically over the last several years, the latter have not. According to a recent NREL analysis, these costs represent roughly 30% of both residential and utility installations (slightly less for commercial-host systems). See Figure 1.

In fact, soft costs are so critical to the overall success of solar adoption, their reduction is a primary focus of the Department of Energy’s SunShot Initiative to make solar energy cost-competitive. In order to reduce the cost of financing, NREL recently completed and continues to work on various efforts to tap public capital markets and enable other vehicles that securitize project portfolios.

We’ll come back to tapping public capital markets and the like, because that’s the key to what Georgia Solar Utilities (GaSU) is trying to do. But there’s a special problem in Georgia, buried in the next paragraph:

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GaSU wins at GA PSC, but will GaSU help all of us win in the legislature?

GA PSC Stan Wise’s 2009 nuclear CWIP lobbying points eerily matched Southern Company’s, but suddenly he’s got separation-of-powers religion about Georgia Solar Utilities (GaSU). The PSC recommended GaSU’s utility bid anyway. When the legislature takes that up in a month or so, will GaSU CEO Robert Green, unlike SO or Georgia Power or Stan Wise, help the rest of us little people fix the 1973 Territoriality law so we can sell our solar electricity on a free market?

Dave Williams wrote for the Atlanta Business Chronicle yesterday, Georgia Public Service Commission moves ahead on solar energy,

Georgia Power logo The Georgia Public Service Commission approved a plan by Georgia Power Co. Tuesday to acquire an additional 210 megawatts of solar generating capacity, more than tripling its investment in solar energy.

GA PSC PR about 20 November 2012 decisions But a sharply divided PSC also gave a potential competitor to Georgia Power its blessing to appeal to the General Assembly to amend a 39-year-old law that gives the Atlanta-based utility the exclusive right to continue serving existing customers.

Under Georgia Power’s Advanced Solar Initiative, the company will buy solar power produced by both large “utility-scale” solar farms and from smaller projects operated by residential and commercial property owners.

Right, that’s actually only 10 Megawatts from “smaller projects”, maintaining Georgia Power’s monopoly while throwing throwing a bone to the rest of us.

While the PSC supported Georgia Power’s plan unanimously, a subsequent motion by McDonald encouraging other solar utilities interested in serving Georgia to pursue their plans with the legislature passed by the narrow margin of 3-2.

Georgia Solar Utilities Inc., a company launched in Macon, Ga., earlier this year, filed an application with the PSC in September for authority to generate solar energy in Georgia on a utility scale.

The two Nay votes were from the two recently-reelected PSC members, apparently now thoroughly in the pocket of the incumbent utilities. Here’s one of them now:

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Help the military stop climate change through sustainable renewable energy

In memory of Armistice Day, the eleventh hour of the eleventh day of the eleventh month, when World War I ended, let’s help the military get us off of oil and to deal with climate change so fewer people will die in wars.

John M. Broder wrote for NYTimes 9 November 2012, Climate Change Report Outlines Perils for U.S. Military,

Climate change is accelerating, and it will place unparalleled strains on American military and intelligence agencies in coming years by causing ever more disruptive events around the globe, the nation’s top scientific research group said in a report issued Friday.

The group, the National Research Council, says in a study commissioned by the C.I.A. and other intelligence agencies that clusters of apparently unrelated events exacerbated by a warming climate will create more frequent but unpredictable crises in water supplies, food markets, energy supply chains and public health systems.

Hurricane Sandy provided a foretaste of what can be expected more often in the near future, the report’s lead author, John D. Steinbruner, said in an interview.

“This is the sort of thing we were talking about,” said Mr. Steinbruner, a longtime authority on national security. “You can debate the specific contribution of global warming to that storm. But we’re saying climate extremes are going to be more frequent, and this was an example of what they could mean. We’re also saying it could get a whole lot worse than that.”

…

Climate-driven crises could lead to internal instability or international conflict and might force the United States to provide humanitarian assistance or, in some cases, military force to protect vital energy, economic or other interests, the study said.

This is in addition to the even more obvious connection between war and U.S. dependence on foreign oil which the veterans in Operation Free want to fix by helping us shift to clean renewable energy.

“In Iraq… the lines would stretch up to ten miles long under the hot sun, under constant risk of attack by extremists. I realized then just how vulnerable it makes any country to be dependent on oil, especially the United States, which uses nearly a quarter of the world’s supply.”

We also heard last year from Col. Dan Nolan (U.S. Army ret.) that the Marines in Afghanistan realized Continue reading →

Georgia Power raising rates

Georgia Power is raising rates in January, despite its recent announcement that it would lower rates because of lower fuel bills. Why raising? Mostly the new nukes and for a new natural gas plant. And 16% of the rise is for energy efficiency. Does that seem like the right proportion to you?

Kristi Swartz wrote for the AJC 1 Nov 2012, Georgia Power bills to increase,

The average Georgia Power bill will increase about 44 cents a month starting in January, not decrease as many might have expected when the company announced last month its fuel costs had dropped.

The utility, which serves 2.4 million customers, notified state regulators in October that it would be applying for a residential rate reduction because the amount it pays for fuel has fallen 7 percent, saving $122 million. The utility cannot profit from lower fuel costs and must pass those savings on to customers.

So why are customer rates going up?

About $1.05 of the typical residential bill will go toward paying for a new natural gas unit at Plant McDonough-Atkinson in Smyrna. That increase already was approved as part of a three-tiered rate hike set in 2010.

Yep, that’s that set-in-2010 and keep-rising-’till-2013 natural gas rate hike that Georgia Power got away with while complaining about any potential solar subsidies. The one AJC complained would be “on autopilot”: Continue reading →