ACUA sells solar energy credits for $32,000
ATLANTIC CITY — Another part of its renewable energy program is paying off for the Atlan-tic County Utilities Authority. The ACUA reported the first sale of solar renewable energy credits for about $32,000. Those credits are part of an incentive program for companies to use more renewable energy, such as wind or solar power.
The state issues the ACUA one credit for every 1,000 kilowatts generated by its solar energy field. That field generated 135,000 kilowatts of power, or 135 credits. In this sale, the credits were bought by PSE&G Resources & Trade LLC. Each of the credits sold for $237.65.
Companies such as PSE&G can buy the credits rather than build their own solar fields to help meet their renewable-energy requirements, said ACUA Controller Katie Vesey. Vesey said that, in New Jersey, credits linked with solar energy carry the most value because the state is specifically pushing solar energy as a renewable energy source. The other benefit is that, without the credits and other associated state rebates, solar renewable energy
would be too expensive to produce, she said.
“The rebate provided by the New Jersey Board of Public Utilities supporting the construction of this project and the revenue derived from the sale of (the credits) makes this solar project favorable from a financial standpoint,” said ACUA President Rick Dovey. The ACUA’s solar energy system at the treatment plant consists of two ground-mounted solar arrays, two roof-mounted solar arrays and one canopy array. The solar panel installation was completed in May.
ACUA officials estimate they’ll wind up with more than 600 credits for the “energy year” that began June 1 and will run through May 31, 2007. The solar energy system is one of several renewable energy products run by the ACUA. Also in May, ACUA officials said power generated by the five wind turbines at the treatment plant here helped the ACUA save almost $168,000 in energy costs during the first four months of the year.
The wind turbines generated on average almost 70 percent of the plant’s energy electricity during that time, according to ACUA figures. The ACUA estimated it would save at least $367,000 annually on electric costs once the wind farm was operational.
As leader of the Democrats, Senator Meg Lees negotiated the passage of the GST legislation with John Howard in 1999. She is standing for re-election in South Australia at the election for the ‘Progressive Alliance”.
Solar energy is utterly incapable of powering the sort of heavy industry that our economy relies upon. This is yet another one of those statements which is true and meaningless. Solar energy certainly isn’t capable of powering industry directly, and central generation of electricity by solar means is not all that practical. However, solar energy can power a lot of things on which centrally generated power is wasted, such as water heating and home heating and cooling.
Until batteries become far more efficient, solar energy will never become a widely-useable energy source. Making a better battery is proving very, very difficult. There really is no guarantee that it can be done.
Up until 1960 Cuba’s electricity was based on petroleum, and was mostly for large cities and tourist places. The majority of rural areas had no electricity. The whole country was surviving on barely 800 MW. The revolution of 1959 led to a big push for rural electrification. By 1989, 96% of the country was electrified, with over 3000 MW. However, Cuba was importing most of its petroleum from the socialist bloc, at low prices. In 1989, with the falling of the socialist bloc, Cuba could not afford to buy petroleum on the international market. They had been using 4 million tons of petroleum per year for electricity for houses. This had to be cut down to 2 million. The need to reduce their energy usage by 50% led to an extreme revamping of their energy plan, and a huge push