The Power of Wind Revisits the North Sea Courtesy of G.E. and Germany

G.E’s DolWin3 floating wind power platform

❝ General Electric Co. said it’s ready to ship a 1.5 billion euro offshore wind platform destined for the North Sea, underscoring the industrial giant’s commitment to clean power.

The platform is a key part of the DolWin3 offshore project and will help transmit wind power generated in the North Sea, according to Alf Henryk Wulf, who heads GE’s power unit in Germany, which led construction of the unit. Wulf didn’t want to discuss U.S. President Donald Trump’s decision to quit the Paris accord during an interview at a port in Rostock, Germany where the 900-megawatt high-voltage converter was built.

❝ Commissioned by grid builder Tennet Holding BV, Dolwin3 is undergoing final dry-dock tests before being floated around Denmark and into the North Sea. The platform will bundle power from three wind farms next year, transmitting high-voltage direct current onshore, where it can then be reconverted to alternating currents for use in homes.

“As offshore prices fall, the North Sea’s potential for offshore is shining even brighter,” Wulf said. “We all owe it to consumers to engage that potential.”…

And Trump’s favorite coal investors get little or nothing from their best pimp.

❝ Germany, which holds the rotating presidency of the Group of Twenty nations, has sought to keep the U.S. on board the Paris treaty, wooing Trump with projections that a global shift from fossil fuel would create jobs and stimulate economic growth.

Just 1 percent of the North Sea’s offshore potential has been exploited, and billions of euros in future investment will be needed to tap the rest, Siemens said last month. Dong Energy SA and Energie Baden-Wuerrtemberg AG won Germany’s maiden auction of 1.49 gigawatts of offshore power in April offering to build parks free of subsidies.

I don’t think anyone holds out hope for reality, evidence-based investing or modern science to mean a damned thing to our so-called president.

5 thoughts on “The Power of Wind Revisits the North Sea Courtesy of G.E. and Germany

  1. Harbinger says:

    ☐ The Paris Catastrophe : Far from damaging the US economy, the Paris agreement offered it a lifeline. Sadly, it’s a lifeline Trump has just thrown away. (also the entire U.S. coal industry employs fewer people than Arby’s fast food restaurant chain )
    ☐ How China is leading the world in solar energy production : The 13th five-year plan for Chinese development aims to add more than 110 gigawatts of solar energy capacity by 2020. China’s economic investment in renewable power is estimated to total 2.5 trillion yuan (upwards of £292 billion) by 2020, according to the National Energy Administration. While solar power currently only represents 1 per cent of China’s total energy output, this increase in investment is set to boost output from renewable energy from 11 per cent to 20 per cent by 2020. China’s significant investment in renewals is estimated to bring 13 million new jobs to the sector, according to the NEA.
    ☐ India, Once a Coal Goliath, Is Fast Turning Green Two major economic factors lie at the heart of India’s move away from coal. The first is that the country’s growth rate, while faster than that of most major economies, slipped to 6.1 percent for the most recent quarter, down from 7 percent in the previous quarter. And much of that growth has come in service industries rather than in power-hungry manufacturing. Equally important is the startling drop in the price of renewable energy sources. Many energy experts say renewables are poised to become a less expensive alternative to coal within the next decade.
    “The train has left the station. Mr. Trump has come too late” to slow the transition to renewable energy, said Ajay Mathur, director general of the Energy Resources Institute, a New Delhi policy center closely associated with the government. “By the time the coal-fired plants come up to full capacity because of increasing demand, the price of renewables will be lower than the price of coal.”

  2. Push comes to shove says:

    The governments of Germany, Denmark and Belgium backed a pledge to install 60 gigawatts of new offshore wind power next decade, more than fivefold existing capacity. The statement, signed Tuesday in London, builds on an agreement by 10 northern European countries last year to work together to cut the cost of installing wind turbines at sea. Trade body WindEurope said it will ask the seven countries absent from today’s signing to also support the statement. Some countries, like the U.K., need to wait until after their general elections are held, the industry group said.
    There were about 13.8 gigawatts of offshore wind globally last year, according to Bloomberg New Energy Finance. Prices for offshore wind in Europe have fallen dramatically in the last half decade and plunged 22 percent in 2016 alone, according to the London-based researcher. In April, the industry crossed a new thresholds in German government auctions, where contracts were awarded that will see subsidy-free offshore wind power developed at market prices by 2025. See also

  3. Trouble with reality says:

    (6/8/17) “It’s Been So Windy in Europe That Electricity Prices Have Turned Negative” Worldwide, renewables supplied a record 161 gigawatts of electricity in 2016—and at a price that was 23 percent cheaper than it would have been in 2015.
    See “World renewable energy production increases by record levels in 2016 – enough to power half of Western Europe : Countries including Denmark, India and Mexico are now all getting electricity from renewables at prices ‘well below’ the cost of nuclear and fossil fuel-derived energy”

  4. Snooze & lose says:

    “It’s devastating he’s here:” GE Workers blame President Trump and Speaker Ryan for jobs moving to Canada (June 13, 2017)
    “GE officials blame the move to Canada on the Export-Import Bank. It is essentially a government credit agency used to finance U.S. exports. GE officials say they rely on that financing to help sell their products abroad. Speaker Ryan has slammed the Export-Import Bank as “corporate welfare,” and Congress let its charter expire in June of 2015. Canada saw an opportunity, offering GE financing if it would build a factory there. GE took the deal, and by the time Congress reauthorized the bank five months later, it was too late.”

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