U.S. President Obama signed the $1.1 trillion compromise spending bill that funds the government through September 2014 on January 17, 2014. The bipartisan budget temporarily brought an end to forced budget cuts and constant infighting over funding in Congress. The new budget eases many of the sequester-imposed spending cuts while reducing the federal deficit by about a trillion dollars over the next ten years.
While not all federal agencies were happy with the outcome, the budget is mostly good news for those in the renewable energy sector. For example, the National Science Foundation, which supports a number of renewable energy initiatives, received a 4.2 percent boost in funding. Similarly, with funding of $5.07 billion, the Department of Energy’s (DOE) Office of Science saw an increase of 9.7 percent over 2013 levels. Overall, many of the DOE’s renewable energy-focused programs saw at least a slight increase in funding over 2013 levels.
The increase in funding for energy projects is in part driven by President Obama’s updated “Blueprint for a Secure Energy Future,” which outlines out an investment strategy for his “all-of-the-above” approach to develop American energy sources in a safe and responsible way. This includes investing in new clean energy technologies while also expanding oil and gas production. The goals of the blueprint include:
Reducing our overall dependence on oil by more than 2 million barrels a day by 2025, and reducing oil imports by half by 2020 Doubling renewable electricity production from wind, solar and geothermal by 2020 Doubling energy productivity by 2030
In total, the White House says that $2.4 billion in DOE funds will be appropriated for energy-related research and development activities. This is 21.3 percent lower than what the President had requested but 29.9 percent higher than 2013 figures and 16.9 percent higher than the 2012 budget. The majority of renewable energy research and development activities are funded through the DOE’s Office of Energy Efficiency and Renewable Energy (EERE). The EERE program receives a total of $1.9 billion in 2014, which is significantly lower (by 31.5 percent) than what the President had outlined in his budget request. While not as much as hoped for, the 2014 allocation is 10.3 percent higher than what was available in 2013 and 6.8 percent higher than 2012 figures.
Through its funding and support efforts, the Office of Energy Efficiency and Renewable Energy seeks to help ensure an American leadership position in the transition to a global clean energy economy. EERE funding supports research, development, demonstration, and deployment (RDD&D) through partnerships with United States businesses and research institutions. The program has the explicit goal of making a wide array of clean energy technologies directly cost-competitive (without subsidies) with conventional energy technologies in use today.
Toward that end, EERE investments are directed towards high-impact activities in the areas of sustainable transportation, renewable electricity, and end-use energy efficiency in buildings and factories. In prioritizing its RDD&D efforts, EERE utilizes the framework of its “5 Core Questions,” which include:
High Impact: Is this a high-impact problem? Additionality: Will the EERE funding make a large difference relative to what the private sector (and other funding entities) is already doing?Openness: Has EERE made sure to focus on the broad problem that is being solved and is EERE open to new ideas, new approaches, and new performers?Enduring Economic Benefit: How will the EERE funding result in enduring economic benefit to the United States?Proper Role of Government: Why is what you are doing a proper high-impact role of government versus something best left to the private sector to address on its own?
Within EERE funds are directed towards specific technologies and project focuses. A breakdown of the EERE’s total budget by program area is as follows:
Hydrogen and Fuel Cell Technologies: $93 million (7 percent lower than the budget request)Bioenergy Technologies: $232 million (17.6 percent lower than the budget request)Solar Energy: $257 million (27.9 percent lower than the budget request)Wind Energy: $88 million (38.8 percent lower than the budget request)Geothermal Technology: $46 million (23.7 percent lower than the budget request)Water Power: $59 million (6.5 percent higher than the budget request)Vehicle Technologies: $290 million (49.6 percent lower than the budget request)Building Technologies: $178 million (40.7 percent lower than the budget request)Advanced Manufacturing : $181 million (50.5 percent lower than the budget request)Electricity Delivery and Energy Reliability: $147 million (12.8 percent lower than the budget request)Nuclear Energy: $889 million (20.9 percent higher than the budget request)Fossil Energy Research and Development: $562 million (30.9 percent higher than the budget request)Advanced Research Project Agency-Energy (ARPA-E): $280 million (26.1 percent lower than the budget request)Race to the Top for Energy Efficiency and Grid Modernization: $0 (the President had requested $200 million for this program)
For the renewable energy sector, the news is both good and bad. On the positive front, the news is good because EERE received more money in 2014 than it did in 2013 ($1.7 billion) and 2012 ($1.8 billion). But on the downside, nearly all of the renewable energy-focused programs received less funding than what was requested in the President’s budget. Furthermore, both Nuclear Energy and Fossil Energy Research and Development received significantly more funding than what the President included in his budget request. The President had requested $735 million for Nuclear Energy ($889 million received) and $429 million for Fossil Energy R&D ($562 million received).
The Race to the Top for Energy Efficiency and Grid Modernization initiative did not receive any funding for 2014. The idea behind this program was to challenge states to cut energy waste, support energy efficiency and modernize the nation’s grid. The program would have provided funding to encourage states, tribes, local governments with public power authorizes, and cooperatives to implement effective policies to cut energy waste and modernize the grade. While this initiative was not specifically directed towards renewable energy, it could have support some degree of renewable-focused policy development or deployment.
Despite these setbacks, the EERE program holds tremendous promise for advancing renewable energy technologies. A recent assessment on the impact of six EERE programs showed that these efforts have generated hundreds of billions of dollars in net economic benefits over the last few decades, including:
20-year EERE investments in combustion efficiency R&D brought about $70.2 billion dollars in total economic benefits According to the DOE, virtually every one of the 2.5 million hybrid elective vehicles on the road today has EERE-developed technology inside. This technology is an improved nickel-metal hydride battery that provides up to a 50 percent increase in fuel economy as compared to non-hybrid vehicles. Thanks to EERE-funded R&D, the estimated production cost of electric vehicle batteries has been reduced by 50% in just the last four years. This has helped push Plug-in electric vehicle (PEV) sales to more than 50,000 units last year.Back in 2012, EERE achieved its 10-year goal of demonstrating cellulosic ethanol at the pilot scale at an estimated production-scale cost of just $2.15 per gallon.EERE’s R&D solar-focused investments are estimated to have accelerated the solar industry’s technological progress by about 12 years.
Continued successful demonstrations of EERE-funded projects will hopefully spur additional funding of the DOE’s renewable energy-focused research and development programs. But with little hope of intensive political infighting ending soon, the struggle to secure funding to support renewable energy research and development will likely continue for at least a few more years.
View the original article here
Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts
Monday, March 10, 2014
The US Department of Energy’s 2014 Budget Request: Implications for Renewable Energy Funding
Monday, March 10, 2014Ярлыки: Budget, Department, EERE, Energy, Energys, Funding, Implications, renewable, Request 0 коммент.
Friday, December 28, 2012
New Energy Department Funding to Reduce Cost of Drop-in Biofuels
Friday, December 28, 2012
The Energy Department on December 14 announced up to $12 million in new funding for projects that aim to drive down the cost of producing gasoline, diesel, and jet fuels from biomass. These advanced biofuels can be blended with conventional petroleum fuels for use in traditional cars, trucks, and airplanes—giving U.S. consumers and businesses more options and helping to diversify the nation's energy economy.
The announced funding will support up to five research and development projects that will boost biofuel yields from non-food-based lignocellulosic feedstocks such as agricultural residues, fast-growing poplar trees, and switch grass. These projects will help improve the carbon, hydrogen, and separation efficiencies in bio-oil production. Successful applicants will provide a research and development plan to produce a hydrocarbon fuel blendstock at $3/gallon or less (gasoline equivalent). This funding opportunity is open to universities, national laboratories, industrial entities, and nonprofit organizations. See the Energy Department Progress Alert and the full funding opportunity announcement.
View the original article here
The announced funding will support up to five research and development projects that will boost biofuel yields from non-food-based lignocellulosic feedstocks such as agricultural residues, fast-growing poplar trees, and switch grass. These projects will help improve the carbon, hydrogen, and separation efficiencies in bio-oil production. Successful applicants will provide a research and development plan to produce a hydrocarbon fuel blendstock at $3/gallon or less (gasoline equivalent). This funding opportunity is open to universities, national laboratories, industrial entities, and nonprofit organizations. See the Energy Department Progress Alert and the full funding opportunity announcement.
View the original article here
Ярлыки: biofuels, Department, Dropin, Energy, Funding, Reduce 0 коммент.
Friday, November 02, 2012
The Asia Report: Brightsource and Alstom Target Australia and India with New Funding
Friday, November 02, 2012
At the same time, Brightsource raised an additional $80 million in equity financing led by Alstom and California-based venture capital company VantagePoint Capital Partners – its two biggest backers.
“With these funds we will continue to build solar power plants for our U.S. customers, while significantly increasing our presence around the globe,” said John Woolard, chief executive of BrightSource in a statement.
Concentrating solar power (CSP) projects have stalled in recent years because developers opted for cheaper PV installations as the price of equipment plunged. But CSP is considered essential to the world’s clean energy future since it provides heat storage and the ability to dispatch energy when required to meet peak demand.
According to the International Energy Agency, solar energy, including both CSP and photovoltaics (PV) could account for 25% of global electricity by 2050 and cover a third of global energy demand after 2060. CSP alone could supply 11.3 percent of the world’s electricity by 2050, the IEA said.
In Australia, Brightsource was an applicant in the federal government’s Solar Flagships program, but failed to make the shortlist. However, the company considers Australia to be a concentrating solar hotspot.
“We strongly believe in the development and future competitiveness of the solar tower technology,” said Jerome Pecresse, Alstom Renewable Power president. “This new investment reinforces solar thermal power’s position at the heart of Alstom’s strategy which is to provide leading sustainable renewable power solutions also spanning hydro, wind, geothermal, ocean and biomass.”
The financing also included existing backers Draper Fisher Jurvetson, DBL Investors, Goldman Sachs, California State Teachers’ Retirement System and the venture capital units of Chevron and BP. It comes just six months after BrightSource withdrew its IPO registration, citing adverse market conditions.
IN THE NEWS
Japan’s Softbank to develop up to 300MW wind power in the Gobi desert: Softbank, the Japanese mobile phone company, plans to develop wind power projects in Mongolia’s Gobi desert. SB Energy Corp, Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom as early as October to conduct feasibility studies on wind power generation. The venture will assess a site in the Gobi that may have a capacity of as much as 300 MW.
Korea’s Hanwha Q.CELLS becomes world's third largest solar manufacturer: With the purchase of bankrupt German solar cell manufacturer Q.CELLS, Hanwha now claims ownership of a total of 2.3GW of manufacturing capacity, making it the third largest solar manufacturer in the world. In addition to acquiring 200MW cell and 120MW module manufacturing facilities in Germany, Hanwha has also acquired 34 Q.CELLS patents and 1,225 employees.
Former IEA chief Tanaka doubts Japan's renewables goal: Japan will need to keep nuclear power in its energy mix as renewables are too costly and the country’s electricity grid is too decentralized, says Nobuo Tanaka, a former director of the International Energy Agency (IEA). Tanaka, now a global associate for energy security and sustainability at the Institute of Energy Economics in Japan, told the Asia Future Energy Forum in Singapore that a low-nuclear scenario will be “a huge cost and loss of energy security” for Japan.
Ocean Power Technologies and Mitsui to steer wave device to possible Japan launch: Hydrokinetic power developer Ocean Power Technologies has received a $900,000 contract from Japan's Mitsui Engineering and Shipbuilding to further develop its buoy generation system for application in Japanese sea conditions. OPT says the contract will allow it to continue analyzing methods of maximizing its PowerBuoy units through modeling and wave tank testing.
Australia’s renewable energy on target for billions in investment: An independent report from strategic consultancy SKM MMA shows that Australia’s 20 percent renewable energy target has delivered $18.5 billion in investment, with the potential for $18.7 billion more if the policy is retained in its current form. On Friday, the Climate Change Authority recommended the target remained unchanged, after conducting a review.
ON THE HORIZON
Indonesia seeks big jump in renewables: Renewable sources will provide Indonesia with as much as 25 percent of its electricity by 2025, up from around 7% today, Djadjang Sukarna, the secretary of the nation's renewable energy directorate, said. The country plans by 2025 to have increased annual electricity generation from renewable sources to around 99 million tons of oil equivalent from around 10 million tons of oil equivalent today, Sukarna told Dow Jones Newswires.
Asia-Pacific energy storage market worth $12 billion in 10 years: A Pike Research report predicts that the Asia-Pacific energy storage market will be worth $12 billion by 2022, with a capacity of 25 GW. The 10 year Energy Storage Asia Pacific report predicts an annual compound growth rate for utility-scale battery storage of 135% a year until 2017, and a further 33% a year from 2017 to 2022.
A DEEPER LOOK
On an island crowded with clean energy movers: David Green, chief executive of the Clean Energy Council, writes Australia has some of the best sunshine, wind and waves in the world, but it is certainly no Robinson Crusoe, alone on his island, when it comes to promoting a shift towards clean energy. Australia's renewable energy target continues to play a critical role in helping Australia make the transition to a low-carbon economy. It is the most efficient, low-cost way to source 20 percent of energy from renewable sources by 2020 and it stands to deliver Australia more than $30 billion of investment and tens of thousands of new jobs.
Cloud hovers over China’s solar industry: Leslie Hook of the Financial Times writes that times are tough for Shi Zhengrong, the founder of Suntech, the world’s biggest solar panel manufacturer. He was once one of the richest men in China. Now his empire is in shambles.
QUOTE OF THE WEEK
"The unfortunate idea that floats around - that countries should focus on poverty reduction but don't really have to be too concerned with the environment at the early stages of development, get rich and then clean up the environment - this will not do” -- Jeffrey Sachs, head of the Earth Institute at Columbia University
HAVE YOUR SAY
If you are an industry expert and would like to be a contributor for RenewableEnergyWorld.com, please contact us at rewnews@pennwell.com so we can show you how to get started.
View the original article here
“With these funds we will continue to build solar power plants for our U.S. customers, while significantly increasing our presence around the globe,” said John Woolard, chief executive of BrightSource in a statement.
Concentrating solar power (CSP) projects have stalled in recent years because developers opted for cheaper PV installations as the price of equipment plunged. But CSP is considered essential to the world’s clean energy future since it provides heat storage and the ability to dispatch energy when required to meet peak demand.
According to the International Energy Agency, solar energy, including both CSP and photovoltaics (PV) could account for 25% of global electricity by 2050 and cover a third of global energy demand after 2060. CSP alone could supply 11.3 percent of the world’s electricity by 2050, the IEA said.
In Australia, Brightsource was an applicant in the federal government’s Solar Flagships program, but failed to make the shortlist. However, the company considers Australia to be a concentrating solar hotspot.
“We strongly believe in the development and future competitiveness of the solar tower technology,” said Jerome Pecresse, Alstom Renewable Power president. “This new investment reinforces solar thermal power’s position at the heart of Alstom’s strategy which is to provide leading sustainable renewable power solutions also spanning hydro, wind, geothermal, ocean and biomass.”
The financing also included existing backers Draper Fisher Jurvetson, DBL Investors, Goldman Sachs, California State Teachers’ Retirement System and the venture capital units of Chevron and BP. It comes just six months after BrightSource withdrew its IPO registration, citing adverse market conditions.
IN THE NEWS
Japan’s Softbank to develop up to 300MW wind power in the Gobi desert: Softbank, the Japanese mobile phone company, plans to develop wind power projects in Mongolia’s Gobi desert. SB Energy Corp, Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom as early as October to conduct feasibility studies on wind power generation. The venture will assess a site in the Gobi that may have a capacity of as much as 300 MW.
Korea’s Hanwha Q.CELLS becomes world's third largest solar manufacturer: With the purchase of bankrupt German solar cell manufacturer Q.CELLS, Hanwha now claims ownership of a total of 2.3GW of manufacturing capacity, making it the third largest solar manufacturer in the world. In addition to acquiring 200MW cell and 120MW module manufacturing facilities in Germany, Hanwha has also acquired 34 Q.CELLS patents and 1,225 employees.
Former IEA chief Tanaka doubts Japan's renewables goal: Japan will need to keep nuclear power in its energy mix as renewables are too costly and the country’s electricity grid is too decentralized, says Nobuo Tanaka, a former director of the International Energy Agency (IEA). Tanaka, now a global associate for energy security and sustainability at the Institute of Energy Economics in Japan, told the Asia Future Energy Forum in Singapore that a low-nuclear scenario will be “a huge cost and loss of energy security” for Japan.
Ocean Power Technologies and Mitsui to steer wave device to possible Japan launch: Hydrokinetic power developer Ocean Power Technologies has received a $900,000 contract from Japan's Mitsui Engineering and Shipbuilding to further develop its buoy generation system for application in Japanese sea conditions. OPT says the contract will allow it to continue analyzing methods of maximizing its PowerBuoy units through modeling and wave tank testing.
Australia’s renewable energy on target for billions in investment: An independent report from strategic consultancy SKM MMA shows that Australia’s 20 percent renewable energy target has delivered $18.5 billion in investment, with the potential for $18.7 billion more if the policy is retained in its current form. On Friday, the Climate Change Authority recommended the target remained unchanged, after conducting a review.
ON THE HORIZON
Indonesia seeks big jump in renewables: Renewable sources will provide Indonesia with as much as 25 percent of its electricity by 2025, up from around 7% today, Djadjang Sukarna, the secretary of the nation's renewable energy directorate, said. The country plans by 2025 to have increased annual electricity generation from renewable sources to around 99 million tons of oil equivalent from around 10 million tons of oil equivalent today, Sukarna told Dow Jones Newswires.
Asia-Pacific energy storage market worth $12 billion in 10 years: A Pike Research report predicts that the Asia-Pacific energy storage market will be worth $12 billion by 2022, with a capacity of 25 GW. The 10 year Energy Storage Asia Pacific report predicts an annual compound growth rate for utility-scale battery storage of 135% a year until 2017, and a further 33% a year from 2017 to 2022.
A DEEPER LOOK
On an island crowded with clean energy movers: David Green, chief executive of the Clean Energy Council, writes Australia has some of the best sunshine, wind and waves in the world, but it is certainly no Robinson Crusoe, alone on his island, when it comes to promoting a shift towards clean energy. Australia's renewable energy target continues to play a critical role in helping Australia make the transition to a low-carbon economy. It is the most efficient, low-cost way to source 20 percent of energy from renewable sources by 2020 and it stands to deliver Australia more than $30 billion of investment and tens of thousands of new jobs.
Cloud hovers over China’s solar industry: Leslie Hook of the Financial Times writes that times are tough for Shi Zhengrong, the founder of Suntech, the world’s biggest solar panel manufacturer. He was once one of the richest men in China. Now his empire is in shambles.
QUOTE OF THE WEEK
"The unfortunate idea that floats around - that countries should focus on poverty reduction but don't really have to be too concerned with the environment at the early stages of development, get rich and then clean up the environment - this will not do” -- Jeffrey Sachs, head of the Earth Institute at Columbia University
HAVE YOUR SAY
If you are an industry expert and would like to be a contributor for RenewableEnergyWorld.com, please contact us at rewnews@pennwell.com so we can show you how to get started.
View the original article here
Ярлыки: Alstom, Australia, Brightsource, Funding, India, report, target 0 коммент.
Saturday, October 20, 2012
USDA Announces $134 Million in Smart Grid Funding
Saturday, October 20, 2012
The U.S. Department of Agriculture (USDA) on October 11 announced funding to modernize and improve the efficiency of rural electric generation and transmission systems. The announcement includes additional loan support of $134 million in Smart Grid technologies in 16 states. The selected projects are located in Alabama, California, Iowa, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, New York, North Dakota, Ohio, Oklahoma, Texas, Washington, and Wyoming. In August, the USDA reported that it had met its goal to finance $250 million in Smart Grid technologies in fiscal year 2012.
USDA also announced nearly $264 million in loans to partially finance wood-burning plants in Colorado, Hawaii, and Texas that are expected to generate 69 megawatts (MW) of electricity. Additionally, $14,565,000 was announced to finance the construction of a 5.5 MW solar-powered generating facility in Maryland. See the USDA press release.
View the original article here
USDA also announced nearly $264 million in loans to partially finance wood-burning plants in Colorado, Hawaii, and Texas that are expected to generate 69 megawatts (MW) of electricity. Additionally, $14,565,000 was announced to finance the construction of a 5.5 MW solar-powered generating facility in Maryland. See the USDA press release.
View the original article here
Ярлыки: announces, Funding, million, smart 0 коммент.
Monday, May 28, 2012
Energy Department Announces Funding to Test a Wave Energy Device
Monday, May 28, 2012
The Energy Department on May 18 announced that $500,000 is available this year to test the technical readiness of technologies that can harness energy from waves to supply renewable power to highly-populated coastal regions. The funding will support one project to deploy and test a wave energy conversion device for one year at the Department of Navy's Wave Energy Test Site off of the Marine Corps Base Hawaii in Kaneohe Bay, Oahu. This funding will demonstrate and accelerate wave power technologies that could further develop the country's significant ocean energy resources.
These efforts complement an ongoing collaboration with the Navy, underscoring how increased cooperation between the U.S. Department of Defense (DOD) and the Energy Department can further the nation's objectives toward renewable energy development. Through the funding opportunity, the Energy Department will provide technical support to test and evaluate the best wave energy options to provide power to DOD facilities. The Energy Department estimates that there are over 1,170 terawatt hours per year of electric generation available from wave energy off U.S. coasts, although not all of this resource potential can realistically be developed. The Navy has supported wave energy conversion research with the expectation that this technology can be used to assist DOD in reaching its agency goal of producing or procuring 25% of its electricity from renewable sources by 2025.
The Energy Department expects to select a proposed wave energy device that is substantially complete and ready for testing and data collection without significant modification. The testing will include a comprehensive performance assessment—as well as a review of all pre- and post-deployment activities, operations and maintenance activities, and related analysis—to advance understanding of these innovative technologies and identify areas of performance improvement that will benefit this emerging industry as a whole. See the Progress Alert and the funding opportunity announcement.
View the original article here
These efforts complement an ongoing collaboration with the Navy, underscoring how increased cooperation between the U.S. Department of Defense (DOD) and the Energy Department can further the nation's objectives toward renewable energy development. Through the funding opportunity, the Energy Department will provide technical support to test and evaluate the best wave energy options to provide power to DOD facilities. The Energy Department estimates that there are over 1,170 terawatt hours per year of electric generation available from wave energy off U.S. coasts, although not all of this resource potential can realistically be developed. The Navy has supported wave energy conversion research with the expectation that this technology can be used to assist DOD in reaching its agency goal of producing or procuring 25% of its electricity from renewable sources by 2025.
The Energy Department expects to select a proposed wave energy device that is substantially complete and ready for testing and data collection without significant modification. The testing will include a comprehensive performance assessment—as well as a review of all pre- and post-deployment activities, operations and maintenance activities, and related analysis—to advance understanding of these innovative technologies and identify areas of performance improvement that will benefit this emerging industry as a whole. See the Progress Alert and the funding opportunity announcement.
View the original article here
Ярлыки: announces, Department, Device, Energy, Funding 0 коммент.
Tuesday, May 01, 2012
Department of energy announces funding for small business efficiency and renewable research
Tuesday, May 01, 2012The Energy Department on 9 April announced that up to $9 million this year to about 50 small business innovative energy efficiency and renewable energy fund to advance. This initiative helps companies with promising ideas, which cut improvement of manufacturing processes, building efficiency increase, oil dependency, and electricity from renewable energy sources to generate.
DOE's Office of energy efficiency and renewable energy (EERE) provides funding through the Department of small business innovation research and small business technology transfer programs. These allow federal agencies with large budgets for research and development at a fraction of their funding for competitions between small business aside. Small businesses win awards in these programs to develop the rights to all technologies and they are prompted to market them.
Call this wide-ranging topic of research are small businesses broadly framed to work problems and achieving goals, and gives them the freedom to renew. It promotes even small companies with groundbreaking concepts for a part of research teams, the EERE programs. The possibility of financing includes 8 width themes and sub-themes 30 areas including advanced manufacturing, energy-efficient buildings, biomass, hydrogen and fuel cells and solar energy, wind and water power technologies. The Department of energy funded are selected small businesses with one year, awards of up to $150.000. Prize winner with successful projects have the option to compete for more than $1 million in follow-on funding. See the EERE progress alert and the application for the funding opportunity announcement for the funding opportunity Exchange Web site.
Ярлыки: announces, business, Department, efficiency, Energy, Funding, renewable, research, small 0 коммент.
Friday, June 17, 2011
Funding boost for the energy sector on ice
Friday, June 17, 2011
All times are in London TimeSearch news in the FT.com SiteSearchSearch in the FT.com SiteQuotes offers
FTFM investment StrategyBreadcrumb trail navigation: FT Home > FTfm > investment StrategyServicesEmail briefings & AlertsRSS FeedsPortfolioCurrency ConverterExecutive JobsSubscribe, FT.com or view and edit your subscription details. Funding boost for the energy sector on ice
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FTFM investment StrategyBreadcrumb trail navigation: FT Home > FTfm > investment StrategyServicesEmail briefings & AlertsRSS FeedsPortfolioCurrency ConverterExecutive JobsSubscribe, FT.com or view and edit your subscription details. Funding boost for the energy sector on iceBy Chris Rowland
Published: June 12 2011 07: 16 | _Last_modificated_: 12 June 2011 07: 16
Institutional investors expect the Government of the United Kingdom, to announce its proposals for the reform of the electricity market market before the intensification of the funds associated with the UK power sector. Amounting to ? 100 billion ($164bn) is required to uninstall karbonisieren achieving power generation and its goals for cutting greenhouse gases over the next 10 years for the United Kingdom. While ? 100 billion investment is large, it is to ensure no impossible sum. About two-thirds can be assumed from institutionally managed funds, and a third of commercial banks come. A displacement of less than 0.2 percent of worldwide assets at ? 40 have done over a period of 10 years, resources for the UK energy sector institutionally managed. But deliver what investors want government proposals?
Institutional investors have financed large-step up investments in the past in the UK utility sector. Today, institutional investors see UK as to invest a reasonable place, rules for renewable investment, which still pay off will warm to to uninstall karbonisieren the cross-party drive power generation and commitment for grandfather. This is a good sign, but it is far from clear investors financing the UK energy industry will remain comfortable. In the context of nuclear projects obstacles after tsunami problems in Japanese Fukushima Daiichi, Kohlenstoffneutrale power generation is a major challenge.
EDITOR's CHOICEGreenko to ? 50 m for wind farm projects - Jun 02Eon selects damage from Berlin - May 31 power Chief hits at nuclear boost - Jun 01Risers just on the fourth day of the footsie falls may 05Vattenfall to scale back on global growth - Sep 22Flexitricity aims, grid - SEP-06 strengthenYou have displayed for your free articles. If you want to display more, you click on the button below.
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