Archive for Energy Investments

GE to Build 150 MW Wind Farm in Kenya

Although all the major power producers around the globe do not really want the mass production of Green Energy it also makes sense for them to have investments in clean energy for their own future.  Those of us who live in North America take for grant Hydro Electric plants being built around our waterways such as Niagara Falls. Many other parts of the world do not have these kinds of natural resources so it makes sense to develop other technologies to fulfill the growing needs of these nations. Necessity being the mother of inventions will open the door to news inventions and technologies for theirs and our future.

Kenya’s rapid economic growth is is causing its electricity demand to grow at about 14% per year. The country is heavily reliant on fossil fuel imports, but wants to develop a broad range of renewable energy sources to help the government achieve its target of 2 GW of electricity from renewable sources by 2013.

Nearly half of the country’s energy demands are already produced from hydroelectricity, but there are plans to invest in solar and wind projects in order to further reduce the reliance on imported fossil fuels.

Wind is abundant on the Kano plains in Nyanza, better even than the wind found in California, but has only been traditionally used to provide power to pump water for the irrigation of croplands and local domestic consumption. Technological advances in wind turbine efficiency and the reduced cost of generators now allows Kenya to take better advantage of this free energy source with large scale wind farms.

Plans for a $874 million wind farm, the largest in sub-Saharan Africa, were announced back in 2009. The plan was for Lake Turkana Wind Power Development Ltd to erect 365 large-scale Vestas V52 wind turbines on the shores of the north Kenyan lake, which will produce 300MW of power.

Further plans to build a wind farm were declared on 30th of January this year, when Prime Minister Raila Odinga and Jeffrey Immelt, the CEO of GE, announced that GE would build a 150MW wind farm in the town of Ngong, 12 miles southwest of Nairobi.

In a somewhat dated paper entitled, “Proposals on the profitable use of the convection wind system in Nyanza Provice of Kenya,” Wimborme Energy Consultancy’s E.G. Matthews wrote, “It should be noted that countries like Kenya could be in a strong economic position in the next (21st) century as renewable energy sources become more important. The present major industrial powers have based their strength on burning oil and coal. If they can no longer allow themselves to do this because of the environmental effects, the countries which have plenty of solar and wind power will become relatively richer in energy terms than northern hemisphere countries with less solar power.”

By. James Burgess  www.Oilprice.com

 

Energy Investments

Renewable energy country attractiveness indices
As policy-makers scramble to stop recession tightening its grip on major economies, demographic changes and growth in emerging markets appear to be driving renewable energy investment. Developed countries are focused on slowing demand and cutting costs, while rapid growth markets have a huge appetite for energy. A revolution is underway, and the renewable energy industry is adapting to a changed world.

This is demonstrated by the arrival of five emerging markets in this issue of the CAI; Argentina, Hungary, Israel, Tunisia, and Ukraine, all of which share a huge need for more renewable power.
Eight other countries have entered the CAI this year, and the balance of power is shifting with Eastern Europe, the Middle East and North Africa, South-east Asia, and Latin America now representing renewable energy’s future. Some of these countries, such as China, South Korea and Taiwan are even taking over strategic manufacturing sectors and increasing exports, leading to friction with more established markets.
In this issue we focus on Brazil, a country entering the top 10 for the first time, and Romania, which has risen to 13th place after joining the CAI a year ago. Both have fast-growing wind markets and strong energy demands.
By contrast, Western Europe and US markets have been hit by reduced government incentives, restricted capital access, and increased overseas competition. Our lead article reflects on this challenging situation and the impact of low cost shale gas on the outlook for renewables.
Continued commitment to the development of renewable energy means China still tops the All Renewables Index, but market growth has slowed, leading to a fall of one point. A tightened approval process for new wind energy projects is producing turbine oversupply, and manufacturers are already seeking more export markets.