The US's First Offshore Wind Farm Will Cut Local Power Prices By 40%
merbs writes: The U.S. is finally getting its first offshore wind farm. Deepwater Wind has announced that its Block Island project has been fully financed, passed the permitting process, and will begin putting "steel in water" this summer. For local residents, that means a 40% drop in electricity rates. The company has secured $290 million in financing, with funding from the likes of Key Bank and France's Société Générale, in part on the strength of its long-term power purchase agreement with US utility National Grid. Block Island has thus surpassed the much-publicized Cape Wind project, long touted as "the nation's first offshore wind farm," but that has been stalled out for over a decade in Massachusetts, held up by a tangle of clean power foes, regulatory and financing woes, and Cape Cod homeowners afraid it'd ruin the view.
My problem with wind turbines isn't the dead birds.
Coal kills 13000 humans in the USA alone every year, 200k yearly worldwide.
I'd rather kill 20000 birds than kill 10000 humans.
I hope they make this endeavour happen. Offshore wind farms are the only type of wind farms that produce electricity with some real consistency. Most wind farms oscilate from 20%-40%-20% power output within minutes, do you know what that means for the grid ?
Without economical, large scale energy storage, wind can't scale. Right now that means pumped hydro, which is very limited depending on geography.
In the meantime, wind+solar helps take the focus away from the real problem, which is ending coal burning in the world without increasing natural gas consumption. Only nuclear can do that right now.
If you really are concerned about climate change, you should be demading solar+wind+nuclear+biomass+geothermal, aka all of the above solution.
China is building new nuclear reactors in a little over 5 years.
And its not just China, South Korea, India, Russia, are all doing nuclear at sane costs and sane schedules. That's called have a rational nuclear regulator.
I'm not a nuclear professional, but after all the anti nuclear crap that hit the media after Fukushima that got me so pissed off I decided to study nuclear, and all I studied showed me nuclear is being unfairly targeted. Massive lies and miss information.
Even today, the most expensive nuclear project in the world, Olkiluoto in Finland is still cheaper then energiewende, with all of its overruns. And I've heard plenty of arguments why Areva EPR is likely the most expensive reactor on the market today. GE ESBWR and Westinghouse AP1000 seems much cheaper. Yet the anti nuke types take Olkiluoto as the reference to discuss.
Wind $1.25 per peak capacity Watts... If your effective capacity factor is 20%, then you're up to $ 6.25 per Watt, and then you must add the fossil backup costs. Must talk levelized costs.
Then you need to account for the fact that a nuclear reactor can be built fairly close to its primary market, while wind turbines must be built where the wind is, then you must add transmission line costs, substations, lots of things the greenies conveniently ignore in their calculations. When you add all of that up, even with wind capacity factor of 30% it is more expensive even than Olkiluoto that you love to quote as poster child of nuclear too expensive.
Nuclear doesn't have to be expensive.
The current Westinghouse reactor offering, the AP600 and AP1000 started development work before Chernobyl. It took 26 yrs from conception to certification of the AP600 cause the US NRC didn't know how to certify a passively safe reactor, so it took them 16 years to certify it.
This isn't an intrinsic, unavoidable nuclear problem, but rather how the US NRC is setup to certify it, it can be improved.
There is a lot of vested interest in nuclear failing, or at least not innovating and continuing to be expensive.
You can either pretend we don't need it like the Germans, do nothing to help like American politicians or demand we make it more rational which will reduce nuclear costs substantially in the short term.
If you listen to actual energy professionals even those that do utility scale solar and wind, the actual technical professionals admit the same problems I'm pointing out to you. It's a fact.
Nuclear doesn't need GW scale to be economical.
Water cooled nuclear likes GW scale plants.
Gen IV reactors work just fine at 250MW scale, and they do load following, so a site with 4x 250MW reactors can reliably supply power to a market with 1GW demand without need for fossil backups while load following wind/solar if needed. But once you have a nuclear reactor, wind and solar aren't useful.
It's helpful to actually learn about nuclear from factual nuclear sites, instead of from anti nuclear sites, those are not environmentalists, but rather shills paid to bash nuclear to keep coal and natural gas in power for as long as possible.
I sugest:
https://www.coursera.org/cours...