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27 Jul 2009 04:07:01

UK to see extra finance for wind power projects

UK to see extra finance for wind power projects
Up to £1 billion of loans are to be made available to onshore wind power generation projects in the UK.

The money, which is part of the £4 billion that the European Investment Bank has allocated to support British renewable energy, will go towards the construction of projects hit by the credit crunch.

It will be provided through RBS, Lloyds and BNP Paribas Fortis over the next three years, as part of government plans to encourage renewable investment.

Furthermore, companies will also be able to apply for funding from the Department of Energy and Climate Change in order to develop offshore wind technology.

Up to £10 million in grants will be made available for these schemes, in addition to the £120 million which was announced earlier this month under the government's renewable energy strategy.

Energy secretary Ed Miliband said that the new funding would help building start on consented windfarms that could add an extra 1GW of renewable energy capacity to the UK's wind sector, enough to power one million households.

"The money for the development of offshore wind manufacturing will help us generate green jobs on top of our success as the leading country in the world for the generation of offshore wind," he added.



Discussion Thread  

ArcArt wrote:

31 Jul 2009

I am not against wind generators or wind farms in the right places. But as the Government is spending so much on them surly it would be good sense to also spend a relatively small amount less than 0.1% on removing some of the waste of energy that already exists. The EU Ecovacuum project conclusion was that vacuum cleaners waste 75 % of the electricity that they consume.
A solution does exist in the form of Air Recycling Technology.
Which could actually save each year in the UK, an amount of energy equal to that generated by 800 Medium sized wind generators? That is 1.5 TWh of electricity 0.5 of a TWh more than their investment in wind generators is trying to provide.

To clarify this 1.5 TWh is worth £225,000,000 at 15p a unit and 650,000 Tonnes of CO2, Emissions. And a saving of more than 25 Twh of electricity annually is possible in the EU. Equal to £3.25 billion pounds and 13.5 million tonnes of CO2.Emissions.

In 2005 part of a £100,000 DTI grant was spent on tests that proved the viability of this system and that it could perform better on 250 Wh than a 1,400 Watt vacuum cleaner.

But now four years have gone by and nothing more has been done. And yet this project would provide jobs and a product with a World wide market
Surely a fair hearing is not too much to ask for.

Discussion Thread  


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