March 12, 2009
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Energy & Renewables Newsletter March 12, 2009 |
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| This Week´s Featured News Stories |
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US pumps US$84m funding into geothermal energy
The US Department of Energy last week announced up to US $84m of new funding for enhanced geothermal energy technologies, inviting applications for the grants from both technology manufacturers and geothermal project developers. Currently, geothermal power plants in the US are limited to a few areas in the western US where geological formations mean are high subterranean temperatures are combined with easily-accessible geothermal water resources. However, the DoE is hoping the development of so-called Enhanced Geothermal Systems (EGS), where wells are dug to depths of over six kilometres and artificial ... |
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Wind industry demands rise in subsidies to combat falling pound
The UK wind industry is reportedly lobbying the Treasury to deliver an improved financial support package in next month`s budget, or risk a wave of project postponements and cancellations. The sector has already seen subsidies for offshore wind farms delivered through the Renewables Obligation (RO) scheme doubled as part of the government`s strategy to deliver 33GW of offshore wind energy by 2020. However, the British Wind Energy Association (BWEA) is now warning that further action is needed if the falling value of the pound is not to lead to project cancellations. Currently, wind turbines are ... |
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