There is light ahead of us – though some places look much brighter than others Vestas is a global company. Everyone following u
Content 32 4 Wind-friendly bankers ride out global credit crisis Global bankers’ spirits are flying a bit higher these days wit
4
Turbulence in the credit market group at HSBC Bank in London. She adds that advancements in technology will curb the overall co
To counter this loss, the $787 billion economic stimulus bill approved by the U.S. Congress on 17 February included specific pr
tinent urge governments to include green investments in their stimulus packages. Lord Nicolas Stern, Former Chief Economist of
Hoarding energy 8
Large-scale use of renewable energy may depend on the ability to store electricity By Charles Butcher Electricity is slippery s
standard wind and solar plants don’t, ” says Henrik Vikelgaard, an energy storage expert at Vestas. “Using storage to help main
Figure 2). To reclaim the energy, the compressed air drives turbines attached to generators. Because compression creates heat t
Figure 3: 34 MW NAS battery system for 51 MW Wind Farm in Rokkasho, Japan. Photo courtesy of NGK INSULATORS, LTD. MW demonstrat
like batteries, though they are actually very different, include ultracapacitors and superconducting magnetic energy storage (S
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most a
Crisis fires up under consolidation Financially stable utility companies place firm demands on wind turbine suppliers as they t
projects, which have turbine delivery contracts but are struck by the banking liquidity freeze, being taken over by the larger
supply, and from yearly quantities to spare part availability. “A company such as Vestas, with its worldwide footprint and manu
Revving up the electric car 18 18
Wind will fuel your future wheels. Around the world, regions and countries are laying the groundwork to support electric cars,
Better Place approaches the business with a model untraditional for transportation, but one that is now familiar in the communi
– are concerned about the environment. But I expect that what will really fascinate them with these electric vehicles is the dr
pollution Paying for 22 22
Carbon markets are big and booming. Depending on system rules, they can either grow or slow investments in wind power. By Eric
ETS (2/3 of carbon markets) CDM (1/3 of carbon markets) CO2 emissions (tonnes) Previous years emission Companies exceeding thei
Fanning off excess carbon Clean Development Mechanisms create permits in the developing world that can be bought in the develop
carbon reductions (such as investments in energy efficiency) actually save money, even before permit sales are counted. Offsett
Are fixed prices the answer? As carbon prices have swung from highs of around €40 per tonne to lows of under €1 per tonne, deve
28
don’t Build an ark, Yet By Glen Blouin Scientists have traced the history of sea level rise back to the start of the Industrial
global population live at or near sea level. They also concur that the risk of storm surges poses perhaps the most serious prob
as well as eliminate other toxic byproducts such as sulphur, arsenic, lead, mercury, and nitrous oxides that enter our air, soi
Bounty Crop of green Policy Changes Call it “Continental Alignment.” Europe and the US have moved much closer together recently
By Ralph Cohen It does not happen often that major policy changes occur on both sides of the Atlantic at the same time. But in
2012. Previously, the PTC extensions were Plan Summaries The European Plan, which was first proposed in March 2007, requires a
when the fossil fuel price is high, and when it is low, nobody wants it. It doesn’t make any sense from the policy point of vie
36
around the World: Training for the Generation of Green-Collar Workers By Katharine Gammon At first, Elizabeth Kokos was looking
Boosting Energy, Boosting Local Spirits Susan Wolff agrees that safety is one of the biggest parts of the training program, but
Vestas Global University Programme The Global University Programme provides scholarship to specific Master, Ph.D. students and
Win-win collaboration 40
Whether it is with outside industries, universities or research bodies, R&D collaboration proves that two heads are better than
Left: Jan Kristiansen, Senior Vice President, Global Research in Vestas. Right: Jä n Narlinge. President Boeing Northern Europe
“Our members are manufacturers of everything ranging from aircraft engines to washing machines, ” he says. “We work with them o
innovation in Vestas 44
new crane increases turbine availability By Hanne Poder Sørensen How do you avoid having to use expensive cranes that are hard
to the converters By Eric Johnson Meet GridStreamer: a new power system, from a new group within Vestas, that promises serious
new turbine design reduces cost of energy By Hanne Poder Sørensen The V112 has been designed to use as much standardised equipm
Wind will never stop By Manel Romeu Despite the devastating effects for many industries of the credit crunch, wind power grew r
In general, the renewable energy sector is still one of the preferred assets for investors and is maintaining its priority stat
Wind installed Capacity 2006-2008 Accu. MW 2006 Austria Belgium Bulgaria Czech Rep. Denmark Estonia Finland France Germany Gree
Accu. MW 2006 Argentina Brazil Canada Costa Rica Mexico USA Other Americas Total Americas P.R. China India Taiwan Rest of Asia:
Contacts Vestas Northern Europe +46 40 376 700 Sales and service in the UK, Ireland, Scandinavia, Poland and the Baltic area. V
Page 1:
Wind W i n d , o i l a n d g a s No. 16 Ye a r 0 6 28 April 200
Page 2:
There is light ahead of us – though some places look much brigh
Page 3:
Content 32 4 Wind-friendly bankers ride out global credit crisi
Page 4:
Page 5:
Turbulence in the credit market group at HSBC Bank in London. S
Page 6:
To counter this loss, the $787 billion economic stimulus bill a
Page 7:
tinent urge governments to include green investments in their s
Page 8:
Hoarding
Page 9:
Large-scale use of renewable energy may depend on the ability t
Page 10:
standard wind and solar plants don’t, ” says Henrik Vikelgaard,
Page 11:
Figure 2). To reclaim the energy, the compressed air drives tur
Page 12:
Figure 3: 34 MW NAS battery system for 51 MW Wind Farm in Rokka
Page 13:
like batteries, though they are actually very different, includ
Page 14:
“It is not the strongest of the species that survives, nor the
Page 15:
Crisis fires up under consolidation Financially stable utility
Page 16:
projects, which have turbine delivery contracts but are struck
Page 17:
supply, and from yearly quantities to spare part availability.
Page 18:
Revving up the e
Page 19:
Wind will fuel your future wheels. Around the world, regions an
Page 20:
Better Place approaches the business with a model untraditional
Page 21:
– are concerned about the environment. But I expect that what w
Page 22:
pollution Pay
Page 23:
Carbon markets are big and booming. Depending on system rules,
Page 24:
ETS (2/3 of carbon markets) CDM (1/3 of carbon markets) CO2 emi
Page 25:
Fanning off excess carbon Clean Development Mechanisms create p
Page 26:
carbon reductions (such as investments in energy efficiency) ac
Page 27:
Are fixed prices the answer? As carbon prices have swung from h
Page 28:
2
Page 29:
don’t Build an ark, Yet By Glen Blouin Scientists have traced t
Page 30:
global population live at or near sea level. They also concur t
Page 31:
as well as eliminate other toxic byproducts such as sulphur, ar
Page 32:
Bounty Crop of green Policy Changes Call it “Continental Alignm
Page 33:
By Ralph Cohen It does not happen often that major policy chang
Page 34:
2012. Previously, the PTC extensions were Plan Summaries The Eu
Page 35:
when the fossil fuel price is high, and when it is low, nobody
Page 36:
3
Page 37:
around the World: Training for the Generation of Green-Collar W
Page 38:
Boosting Energy, Boosting Local Spirits Susan Wolff agrees that
Page 39:
Vestas Global University Programme The Global University Progra
Page 40:
Win-win coll
Page 41:
Whether it is with outside industries, universities or research
Page 42:
Left: Jan Kristiansen, Senior Vice President, Global Research i
Page 43:
“Our members are manufacturers of everything ranging from aircr
Page 44:
innovation
Page 45:
new crane increases turbine availability By Hanne Poder Sørense
Page 46:
to the converters By Eric Johnson Meet GridStreamer: a new powe
Page 47:
new turbine design reduces cost of energy By Hanne Poder Sørens
Page 48:
Wind will never stop By Manel Romeu Despite the devastating eff
Page 49:
In general, the renewable energy sector is still one of the pre
Page 50:
Wind installed Capacity 2006-2008 Accu. MW 2006 Austria Belgium
Page 51:
Accu. MW 2006 Argentina Brazil Canada Costa Rica Mexico USA Oth
Page 52:
Contacts Vestas Northern Europe +46 40 376 700 Sales and servic
Vestas Win[d]
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