[Solar panels wind turbine] Banks will have to supply 2 per cent of Europe’s GDP, or €2.9 trillion, to meet consumer demand for projects and technologies that tackle climate change, according to a new report from Barclays and Accenture. Read more
While the rest of the climate-change world went to Cancun to watch the UN just about rescue its process, HSBC sent a team of intrepid researchers to China, from where they returned with much more overtly bullish news on clean energy. Read more
The boss of the world’s biggest wind turbine manufacturer, Vestas, has warned that the wind energy sector in Europe remains fairly stagnant, in remarks that deal a blow to governments’ hopes of constructing new industries around renewable technologies.
Answering Energy Source readers’ questions, Ditlev Engel warned of a “lack of momentum in Europe”. He said:
We have, so to speak been holding our breath for a very, very long time in this region – and not by accident.
But today, when almost all countries in the area are struggling to get their economies back together, we must face the fact that uncertainty – even by 2011 – will remain significant around Europe.
Many thanks for all your questions for Sara Vaughan, Eon UK’s head of regulation and energy policy. Her answers will appear on this site on Friday.
Next week, the executive facing a grilling by Energy Source readers will be Ditlev Engel, chief executive of Vestas, the world’s biggest maker of wind turbines. Read more
With just over a fortnight to go before climate talks start again in Cancun, a new report warns that the renewables share in final energy consumption will be “very difficult to meet”. Read more
It has been a busy week for wind energy.
First came the good news – a massive investment in offshore wind in the UK. Although the UK leads the world in offshore wind generation, that is mainly because so little of it has been built anywhere. But a vote of confidence in the UK’s prospects came from three wind turbine manufacturers who announced on Monday they would set up shop on the UK’s north-east and eastern coasts. Read more
The FT’s Lex published a column on Wednesday on wind power in the US:
Much like the wind itself, the business of harnessing its power comes and goes in great gusts. The US is now in one of the painfully quiet periods – wind power installations in the first half of the year were down 71 per cent versus a year ago and 57 per cent from the same period in 2008 with further declines expected next year – but it has become an opportune time to go green for big, dirty utilities. Read more
On a recent visit to Drax, the biggest coal-fired power station in the UK, Fiona Harvey was struck by the cluster of 12 wind turbines that have sprung up just beside the water-vapour belching cooling towers. But the local peoples’ opposition to the turbines was the biggest surprise. Read more