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Green electricity - but a bit expensive

Community Veteran
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Registered: 15-06-2007

Green electricity - but a bit expensive

This is from the Sunday Times (paywalled) http://www.thesundaytimes.co.uk/sto/business/energy_and_environment/article1355377.ece
Quote
A SMALL company backed by the founders of Innocent Drinks plans to build a huge tidal-energy lagoon in Swansea Bay capable of powering 120,000 homes.
Tidal Lagoon Power, which has been developing the project for three years and claims to have won overwhelming local support, will next month submit a 4,000-page planning application.
Approval for the £850m scheme also hinges on securing the highest subsidies for any large-scale green energy project in Britain — 3.6 times the current wholesale power price.
Makes the nuclear subsidy which is about twice the present wholesale power price pale into insignificance
2 REPLIES
Community Veteran
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Registered: 06-11-2007

Re: Green electricity - but a bit expensive

I expect the profits and prices will rise.... ( like the tide )..  Cheesy
However, that depends on the ebb and flow of the current in the tidal basin  Cheesy
nanotm
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Re: Green electricity - but a bit expensive

the difference is that it will repay the investment before its due to be taken offline, its day to day running costs will be under a million pounds a year and yet it will be sucking in at current lowest price point £50/MW/H or 5.2million a year (life span estimated to be 20>30 years for moving parts and over 100 years for static parts) so its likely to obtain the investment subsidy in favour of higher prices, making it a far more profitable option.
its a shame that every major tidal power option has been refused for the last 30 years (not because of start up costs either) purely because the turbine systems "might" adversely affect ecosystems within the area(s), yet things like water cooled nuclear plants (which do have dramatic adverse effects on eco systems) have been greenlighted in the same local's without so much as a peep from the apparent "green groups"
what really stinks is every "eco friendly" option faces massive opposition from "eco groups" yet gas/coal/oil/nuclear get commissioned without anything more challenging than a last second protest on the day construction work begins.
the atlantic array would of produced over 2000MW, the severn estuary barrier would of produced over 3000MW (not to mention the storm barrier effect)  and both of those would of cost significantly less than hinkley c, yet whilst there was massive opposition to both the severn barrier project and the atlantic array hinkley c despite being vastly more expensive and providing far fewer job options has been started and will be commissioned with double the average price per megawatt on the day it is officially commissioned (not as advertised in the press the £90/MW which would be todays price doubled, prices are expected to be inflated to the £90 mark a year or two before hinkley c goes online.....)
I hope the Swansea project doesn't get hit with so many problems and gets the go ahead
just because your paranoid doesn't mean they aren't out to get you