Word: acciona
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...Congress contains a weak renewable-energy standard -just 20% of U.S. electricity would need to come from renewables by 2020, but that allows for nuclear power, and many utilities would be allowed to escape the requirement altogether. "We're off to a slow start," says Peter Duprey, CEO of Acciona Energy North America, which operates wind, solar and biofuel plants. "I'm disappointed with how things have gone [under Obama...
...record that doesn't jibe well with his campaign promises to pursue an aggressive alternative energy program along with offshore drilling.) Without those tax credits, the renewable energy industry "is grinding to a halt," says Peter Duprey, CEO of the North American arm of the Spanish renewable company Acciona Energy, which has a 64-megawatt solar thermal plant operating outside Las Vegas, and recently launched a 180-megawatt wind farm on the border between North Dakota and South Dakota. "Everyone says America is the land of opportunity for renewables," says Duprey. "We have to get serious about...
...potential loss of these credits has already impacted development. Acciona, a large Spanish renewable company that launched a major concentrated solar power plant outside Vegas this year, says similar projects will be impossible in the future without an extension of the tax credit. Abengoa, another Spanish company (European companies have dominated this space, largely because their governments provide significantly more generous subsidies to renewables), is planning to build the world's largest solar plant in Arizona, but the CEO of its solar arm told me recently that the project could fall apart if the credit doesn't come through...
...That was bad luck for the Spanish renewable power company Acciona Energy, which had chosen that day to publicly inaugurate its new Nevada Solar One (NS1) thermal power plant, around 30 miles from Sin City. The sky was darkened and violent winds rattled a canvas tent that held dozens of Acciona executives, energy experts, journalists and even a few celebrities like the astronaut Sally Ride and the ubiquitous green actor Ed Begley, Jr. But while the unusual weather might not have put the Solar One complex in its best light (or often, any light at all), it didn't dampen...
...which is then used to boil water into steam. The steam runs turbines, which generates electricity. The technology is as simple as any fossil fuel plant, and cheaper by material than the technologically complex photovoltaic panels. It can be more easily built up to utility-scale than photovoltaic solar - Acciona's plant, which began operation last year, produces 64 megawatts of electricity for the utility company Nevada Power, enough to light up 14,000 homes. The company's Spanish competitor Abengoa just announced a plan to build a 280-megawatt solar thermal plant outside Phoenix, which would be the largest...
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