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Dec 16, 2009, 03.20 PM IST
A UN climate summit this week in Copenhagen needs to agree a deal that offers clarity for the prospects of wind energy if it is to mobilise investment in the industry, the heads of four leading wind energy companies said.
Binding emissions targets and putting a price on carbon dioxide are issues a new global climate agreement need to address, the four wind power chiefs said on the sidelines of the talks, adding that granting of permits, grid issues and access to cheap capital remain obstacles for the industry.
WHAT NEEDS TO HAPPEN IN COPENHAGEN TO MOBILISE INVESTMENT IN WIND ENERGY?
With a deal, that could grow to 30 percent, and that would cut global emissions by 10 percent. In having long-term visibility, we can develop the required resources like capital expenditures, human resources and geographic distributions."
* Ditlev Engel, President and CEO, Vestas Wind Systems
* Ian Mays, CEO, Renewable Energy Systems
"We can, by 2020, reduce carbon emissions by around 10 billion tonnes if we have a challenging but achievable programme for renewable energy. That will need a very strong message from Copenhagen, a trigger for policy action at the national government level."
WHAT ARE THE MAJOR OBSTACLES FACING WIND ENERGY DEVELOPMENT?
* Ian Mays, Renewable Energy Systems
"Permitting is also an issue, particularly in Europe. There's always a minority of people concerned with how wind farms change the landscape, and it's been an issue corrupting the UK. As a result, our average time between starting development of a project to generation is around 6 years. This is too long and we need to find a way of accelerating this."
* Jan Blittersdorf, President and CEO, NRG Systems
"The US wind industry alone has also spent about USD125 million so far on permitting studies to do the projects we've installed to date. If you want to scale that up, something's got to be done to get ahead of that curve."
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