President Obama Stumps for Solar & Smart Grid at FPL's PV Plant Commissioning

President Obama joins FPL for commissioning of nation's largest solar PV power plant; announces $200 million in smart grid funding for FPL's 'Energy Smart Florida'

ARCADIA, Fla. – President Barack Obama joined FPL Group and Florida Power & Light Company officials today for the commissioning of the largest photovoltaic solar facility in the nation. At FPL’s DeSoto Next Generation Solar Energy Center, the President announced that FPL was awarded $200 million in Recovery Act funds to invest in a stronger, smarter, cleaner and more efficient electrical grid, as part of his Administration’s $3.4 billion commitment to spurring the transition to the Smart Grid.
The new 25-megawatt solar array and FPL’s Energy Smart Florida project position the state of Florida as a leader in developing a clean-energy economy for the 21st century, delivering significant economic and environmental benefits to the area.
"For the very first time, a large-scale solar power plant -- the largest of its kind in the entire nation -- will deliver electricity produced by the sun to the citizens of the Sunshine State.  And I think it's about time," said President Obama. "At this moment, there is something big happening in America when it comes to creating a clean energy economy.  But getting there will take a few more days like this one and more projects like this one."
“Today we’re taking the first step into the new clean energy economy of the 21st century. It’s  high-tech, it’s low-emissions, and it empowers consumers to control their energy usage. The President’s Recovery Act made the largest investment in renewable energy and the smart grid in our nation’s history. And in Florida, the governor, the state legislature and the Public Service Commission all demonstrated a strong commitment to making the state a solar energy leader. Our Florida solar projects are creating good construction jobs when they’re needed most, and in the years ahead they’ll create clean energy when it’s needed most. We’re ready to build more solar in Florida, and with the right public policy support, we will,” said FPL Group Chairman and CEO Lew Hay.
The DeSoto Next Generation Solar Energy Center, which uses more than 90,000 PV panels that turn the sun’s rays into electricity to power more than 3,000 homes, is generating significant economic and environmental benefits. At a time when Florida is suffering from the worst economy in a generation, the solar project created 400 well-paying construction jobs. In addition, the DeSoto solar array will avoid 575,000 tons of greenhouse gas emissions.
In addition to the DeSoto plant, FPL is building a 75-megawatt solar thermal facility in Martin County and a 10-megawatt solar PV facility on the Space Coast. FPL’s three solar projects combined are creating more than 1,500 direct jobs and more than 5,000 total jobs for the state of Florida. In addition, they will save 1 million barrels of oil and avoid 3.5 million tons of greenhouse gases.
Energy Smart Florida, which includes a $378 million investment from FPL in addition to the $200 million in federal funding, is expected to create more than 6,000 jobs. The project will install revolutionary new technologies that will help FPL build a more intelligent network that is able to detect potential problems and automatically reconfigure the grid to minimize outages. In addition, smart meters will give customers the ability to see their usage online by the hour, day and month, enabling them to better understand their energy consumption and paving the way for them to make energy efficient, cost-saving choices.
As the nation’s largest producer of solar and wind energy, FPL Group is committed to helping President Obama achieve his goal of doubling the nation’s supply of renewable energy in the next three years. This year alone, the company will invest $2.5 billion in new renewable energy projects and will add approximately 1,200 megawatts of new renewable energy capacity.

Consistent with that commitment, FPL Group subsidiary NextEra Energy Resources has combined the clean power of its renewable energy portfolio with an innovative brand—called EarthEra—to offer everyday ways to fight climate change by building a clean-energy future. Through the use of EarthEra carbon offsets generated from NextEra’s Horse Hollow Wind Project in Texas, the DeSoto Next Generation Solar Energy Center commissioning event today will be carbon-neutral.
FPL’s DeSoto solar project is part of a larger effort by the company to create a clean-energy economy for the 21st century. The energy economy of the future will include a dramatic expansion of renewable energy, a nationwide fleet of plug-in electric vehicles and a smart electrical grid to tie it all together. Today FPL commissioned the largest solar PV power plant in the nation. The company recently announced that it will convert its entire fleet of vehicles into plug-ins over the next decade. FPL’s Energy Smart Florida plan will accelerate the deployment of “smart” meters to 4.5 million customers and incorporate greater intelligence into the transmission and distribution system serving millions of Floridians.
“At FPL, we’re investing every day to make our infrastructure stronger, smarter, cleaner and more efficient. The DeSoto Next Generation Solar Energy Center is a big part of this plan, and Energy Smart Florida is the next big step,” said Florida Power & Light Company President and CEO Armando J. Olivera.
The DeSoto plant was constructed ahead of schedule in less than a year and $22 million under budget. With support from President Obama’s Recovery Act funding, the $150 million total cost of constructing the facility will represent an average of only 6 cents on a typical customer’s monthly bill over the lifetime of the plant.
The plant will generate more than $2 million in additional property tax revenue for DeSoto County through the end of 2010 and $37 million over the life of the project. The influx of workers into the DeSoto County area also helped local businesses during difficult economic times.
The panels used at the DeSoto plant are produced by SunPower Corp. and are the most efficient solar panels on the world market. The plant also uses SunPower’s proprietary tracking system to tilt the panels toward the sun as it moves across the sky, significantly increasing sunlight capture by up to 25 percent over fixed-tilt systems.
“With the completion of the DeSoto Next Generation Solar Energy Center, SunPower’s high-efficiency photovoltaic technology is demonstrating that solar is competitively priced for electric utility power plant applications. SunPower’s sun tracking technology is fast to install, and reliably delivers clean power during peak demand periods,” said Howard Wenger, president, global business units for SunPower. “We congratulate FPL for its global leadership in the development of solar technologies, and for making solar energy a key part of the nation’s economic recovery and the protection of the environment for future generations.”

FPL is currently working with local officials to secure the necessary approvals to expand the DeSoto Next Generation Solar Energy Center even further, with a potential future capacity of up to 300 megawatts. FPL also has several other shovel-ready solar projects that it is positioned to move forward on with legislative and regulatory support. The company’s ultimate goal is to position Florida as a leader in clean-energy generation and as a hub for the development of cutting-edge technology that will rival job corridors in other states.
For more information about FPL’s Next Generation Solar Energy Centers, visit www.FPL.com/solar.
Florida Power & Light Company
Florida Power & Light Company (FPL) is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves 4.5 million customer accounts in Florida and is a leading employer in the state with nearly 11,000 employees. The company consistently outperforms national averages for service reliability while customer bills are well below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and the No. 1 energy efficiency program among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based FPL Group, Inc. (NYSE: FPL). For more information, visit www.FPL.com.

Solar Power International '09 Kicks off - Coverage by Venturebeat.com

Emboldened by momentum, solar industry asserts rights

October 28, 2009 | Camille Ricketts | Comments |

Solar Power International, the major industry event of the year, is taking place in Anaheim this week and has drawn record attendance — about 25,000 solar entrepreneurs, investors and executives have gathered to showcase new technology, make deals and chart out the future of what may be the fastest growing renewable energy sector in the U.S., if not the world.
Despite the slugging economy, 2009 has been a great launchpad year for many solar companies. The new White House’s support for solar, paired with stimulus package funding and revamped interest from venture capitalists, has diversified the market, and made several large-scale capital projects possible. At the same time, solar now accounts for 13 percent of power purchase deals with utilities, up from 6 percent last year at this time.
All of this momentum has apparently emboldened solar leaders, who yesterday laid down a “Solar Bill of Rights” emphasizing consumers’ right to choice when it comes to their energy mix, and the solar industry’s right to compete on equal footing with traditional energy generators like coal and natural gas. The list of rights was delivered by Solar Energy Industries Association CEO Rhone Resch during the opening session of the SPI conference.
“We declare these rights not on behalf of our companies, but on behalf of our customers and our country,” he said. “We seek no more than the freedom to compete on equal terms and no more than the liberty for consumers to choose the energy source they think best.” Here are the eight rights, as announced:
1. The right for homeowners and businesses to install rooftop solar panels without having to cut through excessive red tape, like permitting and zoning regulations, unnecessary inspections, and additional fees — all tactics the industry believes are being used to keep average citizens from going solar (especially since so many companies like Solar City and SunRun are making it easier than ever to have panels installed and maintained).
2. The right for those who have installed these systems to plug into established electrical grids. In order for solar to catch on, connecting panels can be no more difficult than turning on a phone line, broadband or installing an appliance. There should only be one standard for how to do this so that average consumers don’t have to jump hurdles to begin harnessing the sun’s power.
3. The right for customers who generate extra power with their rooftop solar systems to be compensated for the energy they contribute back to the grid by their local utilities. If people are compensated at retail electricity rates, they will have even more incentive to transition to solar.
4. The right for the solar sector to compete in a fair environment with heavily-subsidized fossil fuel companies. (This will probably take some convincing, as Congress has very clearly leaned toward supporting traditional coal operations in discussions of the climate bill).
5. The right for the solar industry to access and use public lands — at least equivalent to the rights given to the oil and natural gas companies using millions of acres of public land to drill.
6. The right to build new transmission lines to carry solar-generated industry across distances and grid interconnections. Because most large solar arrays need to be built in remote locales, like the southwestern desert, it is important that they be hooked into existing grids with distance load-bearing lines. This is the only way solar will grow as a primary source of energy.
7. The right for average consumers to buy solar electricity from their utilities. As is, some utilities in the U.S. simply don’t offer the option of using solar energy, and there’s nothing their customers can do about it. The industry believes that every consumer, regardless of their location, should be able to opt in to solar energy use.
8. The right for consumers to get the most ethical treatment possible from the solar companies they interact with. This right is different than the others. It’s not asking for acceptance from the establishment, rather, it’s advising itself to deliver on all the promises inherent in solar’s potential. Consumers who take the initiative to use solar energy should be able to rely on the fact that it is better for the environment, reliable and being charged for fairly.
Look for more news from Solar Power International as the week progresses.

Siemens Acquires Solar Thermal Leader Solel for $418 Million

Siemens acquires Israel’s Solel Solar

Financial Times - By Daniel Schäfer in Frankfurt and Fiona Harvey in London



Siemens on Thursday said it would take over Israel’s Solel Solar Systems, in a deal that will give Europe’s largest engineering group a leading position in the fledgling market for concentrated solar power.

The German industrial conglomerate on Thursday acquired Solel Solar for $418m after it won a bidding battle with French rivals Areva and Alstom.

Peter Löscher, Siemens’ chief executive, said the group, which has positioned itself as the “green infrastructure giant” in recent years, aimed to replicate its successful foray into the wind sector five years ago.

Siemens acquired wind power company Bonus Energy for €400m ($598m) in 2004. Since then, Bonus has lifted its revenues almost tenfold to more than €2bn.

“We aim to be the global market leader in the solar thermal sector,” Mr Löscher said.

Solel Solar is one of the two largest makers in the world of solar receivers, and it also builds full-scale concentrated solar power (CSP) plants.

The company has doubled its revenues to almost $90m in the first half of the year. Its previous majority-owner was Ecofin Limited, a London based investment firm.

Siemens also has a stake in Italian CSP company Archimede Solar Energy, which it acquired earlier this year.

Its foray into the fast-growing market followed moves by other German industrial groups such as Bosch into the solar panel business. Bosch has been criticised for overpaying after it bought Ersol, the solar energy company, for more than €1bn last year.

The market for solar panels is seen as overcrowded after Chinese producers have started to flood the market with low-cost products.

But the market for concentrated solar power, also sometimes called concentrated solar thermal power, is one of the brightest spots in the solar market.

CSP uses technology similar to that of conventional fossil fuel power plants. An array of mirrors is angled so as to concentrate the rays of the sun on to a vat containing water, which turns to steam under the heat and drives a turbine. This is both cheaper than solar panels and can be used on a bigger scale.

Siemens estimates that this market will grow at double digit rates in the next ten years and will reach a volume of €20bn by 2020.

Several large scale projects have recently been announced, such as an array of plants in the Indian state of Gujarat, which would have a generating capacity of 3GW and would cost $10bn to build.

Siemens is part of a consortium – called Desertec – that aims to supply up to 15 per cent of Europe’s energy needs by 2050 through thermal and other renewable energy plants in the deserts of North Africa and the Middle East.

Copyright The Financial Times Limited 2009. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

Biomethane - A Primer

October 20, 2009

Biomethane as an Energy Carrier

by Thomas R. Blakeslee, Clearlight Foundation for Renewable Energy World.com

Methane is a better long-distance energy carrier than electricity. Its storage and transportation is much cheaper and easier than electricity. Natural gas pipelines cost half as much to build as electric towers and have about one fourth as much transmission loss. They are also more reliable, safer and visually superior to ugly transmission towers.

Building a hydrogen infrastructure now would be folly. Biomethane can do the job now and will be cleaner and cheaper.

Our electrical grid is only 30% efficient in delivering the energy in fuel burned to the customer. That efficiency could be doubled or even tripled if we used combined heat and power (CHP) generators located where heat is needed. By using the generator's waste heat, an efficiency of 85% is possible. Clearly it is smarter to expand our gas pipeline network than to build more electrical towers to distribute inefficiently generated electricity from massive power plants.

Even though most of our natural gas is now fossil fuel, a doubling of efficiency would be just as effective as achieving 50% renewable power as far as global warming is concerned. We can simultaneously work on greening our gas supply by feeding more and more biomethane into the pipeline.  In Germany 22 billion kWh of biogas were produced in 2007. That's a six-fold increase from 1999, driven partly by feed-in tariffs. About half of that biomethane was from landfill and sewage gas and the other half was from commercial and agricultural biomass plants. Renewable biogas is produced by natural processes of anaerobic digestion or gasification then cleaned up for sale to the gas pipeline. Sweden already gets 25% of their energy from biogas.

Energy storage is another big advantage of gas. Both the gas and the electricity grids need energy storage to take up the slack between production and consumption. Gas storage is cheap because it can simply be pumped into depleted gas wells and salt caverns. We are already storing 4.1 Tcf of gas in the US. At 85% efficiency that gas could produce 1,180 gigawatt-hours of useful power on demand. A very cheap battery!  The smart electrical grid is all about making supply match demand because electrical storage is so expensive.
Though the U.S. power grid uses significant hydro power and other renewables, CO2 emissions are still almost twice as much per kilowatt-hour as a 60% efficient natural gas fuel cell. In 2007 the U.S. power grid emitted 605 grams/kWh. The fuel cell emits only 340 grams. EIA data makes it easy to track the effects of our attempts to green the electric grid: In 1996 we emitted 627 grams of CO2 per kWh and by 2007 this was reduced to 605 grams. That’s a 2-gram per year decrease. If we continue at that rate, it will take 139 years to equal what we can do now with a fuel cell. Recent years show even less progress. There was no improvement between 2006 and 2007. Plugging into the grid is, unfortunately, a bit like plugging into a lump of coal.

People have already begun selling renewable gas into the pipeline.  Landfills, manure piles and sewage plants that used to release significant amounts of methane into the atmosphere are now selling it as green gas. Biomass and garbage can also be gasified to add to the supply. The energy balance of Grass Biomethane production is 50% better than annual crops now used. When biogas is captured instead of releasing it to the atmosphere we get a double bonus. Methane is 72 times worse than CO2 as a cause of global warming in a 20-year time frame. You may have heard 25 times, but that's based on a 100-year time frame. Methane only persists about 8 years. Also, when manure piles are covered, N²O, which is 289 times worse than CO², can also be captured. Coal mines emit almost a trillion cubic feet of methane into the atmosphere every year.

In Cincinnati, Ohio, the 230-acre Rumpke landfill has been capped and the gas is cleaned and delivered to the pipeline to provide enough gas for 25,000 Duke Energy customers. China has an estimated 31 million biogas digesters mostly on small farms. They produce in total about 9 Gigawatts of renewable energy which is mostly used locally. Germany, Denmark, Sweden, Finland and now Ontario, Canada have feed-in tarrifs to encourage production of biogas. In Germany small farms can receive up to 25 cents per kWh for biopower. In the US, bills like SB306 that support biogas production, are still stuck in committee.
Increased system efficiency means we will need less of these renewable sources to do the job. If we’re going to gasify biomass, it is more efficient to upgrade the gas and send it through the gas grid to customer CHP units than to generate electricity less efficiently and send it over less efficient, more expensive power lines to the customer. Until we get more efficient electrical generators, generation should always be done where the waste heat can be put to good use.

Electric cars would be twice as efficient if they fueled up with natural gas and used a fuel cell to recharge a small battery. Like a hybrid with a natural gas fuel cell range extender. The expense and weight of a large battery is eliminated and the energy can be stored in a much lighter and cheaper tank. Refuelling can be much faster and could even be done at home from your natural gas connection. New, low pressure, adsorption tanks make this easy because they only require 500 psi of pressure. Recharging is a problem with batteries.  A 110v, 20A household plug can only supply 2.2 kW, which means that 10 hours of home charging will only take you 10 x 2.2 x 4 mi/kW = 88 miles. Natural gas refueling infrastructure is in place in much of the world to refuel five million vehicles worldwide.

We already have prototype hydrogen cars that work on a similar principle but hydrogen has virtually no refueling infrastructure. Hydrogen is very expensive to produce, store and transport. Its tiny molecules find the smallest leaks and fly into space. They embrittle pipeline metals by nestling into the metal matrix. Storage is extremely inefficient, requiring extremely high pressure tanks or cryonic vessels. One giant hydrogen delivery truck can service about ten customers.  Methane has one carbon atom that holds four hydrogen atoms in a tight formation making containment and dense storage easy. A gallon of liquid methane actually holds 2.5 times as much hydrogen as a gallon of liquid hydrogen!

"No carbon emissions" sounded like a great idea but 95% of our hydrogen is made from natural gas and that process emits about 30% more CO² than if we simply burned the methane. Yes, you can make hydrogen from water with electricity (at about 70% efficiency.) But you can also make carbon-negative methane from CO² and hydrogen. When you burn it, the net result is carbon neutral. The “carbon-free” cleanness of hydrogen is an illusion. Building a hydrogen infrastructure now would be folly. Biomethane can do the job now and will be cleaner and cheaper.

Sempra Acquires Maui Wind Project

Sempra buys Hawaii wind energy, battery storage project from Shell

Sempra Energy’s generation unit has acquired Auwahi Wind Energy, a company developing a 22-megawatt wind energy and battery storage project in Maui, Hawaii, from Shell WindEnergy, a subsidiary of Royal Dutch Shell.

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Terms of the agreement were not disclosed.

The proposed Auwahi Wind Energy project could begin construction in 2011 and commence commercial operations in 2012 on the Ulapalakua Ranch in the remote southeastern region of Maui.

The battery could store as much as 28 megawatt-hours of wind energy generated by the project's windmills during the typically windy morning and night hours.

The battery power could be stored until late afternoon, when electricity consumption typically reaches its peak, or could be utilized to regulate and smooth intermittent wind power, providing a valuable source of grid stability for Maui Electric.


Sempra Generation recently submitted a proposal to the US Energy Department to co-fund costs associated with an expansion of the battery energy storage facility to 72 MW hours.

Sempra officials say the integrated wind and battery energy storage project could serve as a prototype to help maximize the energy output of other wind power projects in Hawaii and worldwide.

The project would help Maui attain its goal of achieving 95% of its electricity from renewable sources by 2020.

"Consistent with our growing renewable presence in the southwestern United States, this project further expands Sempra Generation's footprint in one of the fastest growing renewable energy markets while further advancing the sustainability goals of Maui and the state of Hawaii," says Michael W. Allman, chief executive of Sempra Generation.

Dick Williams, president of Shell WindEnergy, notes the sale does not signify a retrenchment by the company with clean energy projects.

"Shell WindEnergy has re-assessed its wind development efforts in Hawaii and will concentrate on projects on the US mainland and Canada that are more aligned with our strategic direction," he says.
Williams says that Shell’s portfolio consists of eight wind farms in the US with total generation capacity of almost 900MW. The company’s strategy remains to diversify its energy mix by developing energy sources that have low carbon emissions.

In 2008, Hawaii and DOE set goals associated with the state's Clean Energy Initiative, which aims to accelerate indigenous renewable energy development on the island chain. Hawaii now depends 99% on imported fuel oil for power generation.

For its part, Sempra, based in San Diego, California, is working to broaden its participation in green energy development.

It has a 50-50 investment with BP Wind in the second phase of the Fowler Ridge Wind Farm, the Midwest's largest wind power project in Benton County, Indiana.

Another Sempra Generation wind project slated for completion in 2012 is Energia Sierra Juarez in Baja California, Mexico.

In 2008, Sempra Generation completed the construction of North America's largest thin-film solar power plant, the 10MW El Dorado Solar near Las Vegas, Nevada.

Source:  www.rechargenews.com

DOE Announces Loan Guarantee Program for Commercial Projects - FIPP

Energy Department Announces New Private Sector
Partnership to Accelerate Renewable Energy Projects

10/16 Add:  Link to Milbank Article Describing the Program

New Financial Institutional Partnership Program will accelerate deployment of billions
in lending under Recovery Act

Source:  Department of Energy Website

NEWS MEDIA CONTACT: (202) 586-4940

FOR IMMEDIATE RELEASE: Wednesday, October 7, 2009

Washington DC --- U.S. Energy Secretary Steven Chu today announced the Department of Energy (DOE) will provide up to $750 million in funding from the American Recovery and Reinvestment Act to help accelerate the development of conventional renewable energy generation projects. This funding will cover the
cost of loan guarantees which could support as much as $4 to 8 billion in lending to eligible projects, and the Department will invite private sector participation to accelerate the financing of these renewable energy projects. To this end, the Department announced the creation of its new Financial Institution Partnership Program (FIPP), a streamlined set of standards designed to expedite DOE’s loan guarantee underwriting process and leverage private sector expertise and capital for the efficient and prudent funding of eligible projects. 

“A renewable energy economy is a true opportunity to create new jobs, reinvigorate America’s competitiveness and support the president’s goal of doubling renewable energy in the United States,” said Secretary Chu. “American innovation can be the catalyst that jumps starts a new clean energy Industrial Revolution.” The Recovery Act created a new Section 1705 under Title XVII of the Energy Policy Act of 2005 (Title XVII) for the rapid deployment of renewable energy projects and related manufacturing facilities, electric power transmission projects and leading edge biofuels projects that commence construction before September 30, 2011.

This first solicitation under the new program will seek loan guarantee applications for conventional renewable energy generation projects, such as wind, solar, biomass, geothermal and hydropower. Past solicitations for
renewable energy generation projects have focused on loan guarantee applications using new or innovative technologies not in general use in the marketplace.

The goal of FIPP is to leverage the human and financial capital of private sector financial institutions by accelerating the loan application process while balancing risk between DOE and private sector partners participating in the program. Under this first FIPP solicitation, proposed borrowers and project sponsors do
not apply directly to DOE but instead work with financial institutions satisfying the qualifications of an eligible lender which may apply directly to DOE to access a loan guarantee. The solicitation invites applications from eligible lenders for partial, risk-sharing loan guarantees from DOE. The guarantee percentage will be no more than 80% of the maximum aggregate principal and interest during a loan term, and the project debt must obtain a credit rating of at least ‘BB’ or an equivalent with a nationally recognized credit rating agency.
This solicitation marks the eighth round of solicitations issued by the Department’s Loan Guarantee Program since its inception.

Read more information on this solicitation and the Department’s Loan Guarantee Program at www.lgprogram.energy.gov.

GE Comes Out Strongly Against Trade Barriers

General Electric: Tear Down That Wall! The Green Tariff Wall, That Is

By Keith Johnson, Wall Street Journal

Embracing protectionism, after a fashion, is shaping up as one way to pass climate legislation and start saving the planet.
Wrong move, says General Electric, a company with an obvious and multi-billion dollar interest in keeping trade avenues open, especially when it comes to clean technology.
It’s a timely argument. This morning, the House Subcommittee on Commerce, Trade, and Consumer Protection is holding a hearing on “Growing U.S. Trade in Green Technology,” part of the national hand-wringing over how to close the windmill gap. The question is how to jumpstart the U.S. clean-technology industry—by coddling it or by unleashing it?
GE’s argument: Cleaning up the world means installing more—not less—clean-tech gear. And that means fewer—not more—restrictions on clean-energy trade, even as the U.S. is desperate to jumpstart its domestic clean-energy industry and close a perceived gap with rivals such as China.
Granted, as GE’s managing director for international energy policy Tim Richards told Congress today, the U.S. is far from the worst offender. Countries such as China, Mexico, Russia, India, and South Korea all slap higher tariffs on wind turbines than the U.S. does. Other countries, especially China, also use other trade weapons, from “Buy Chinese” provisions to questionable bidding procedures for energy projects that seem to always exclude foreign firms.
The point is, that tearing down existing trade barriers and preventing their return would not only benefit America’s clean-tech sector in the long run (the global market is a little bigger than the domestic market) it would also bring quicker and bigger benefits to the environment.
“Liberalization of trade for green products and services offers a rapid, high-impact step governments can take to lower the cost of cleaner energy technologies, resulting in more economically viable solutions for reducing greenhouse gases,” Mr. Richards testified.
That doesn’t mean totally “free” trade in clean-tech gear. Like many other big U.S. companies, GE is worried about intellectual property protection, especially as developing countries are increasingly clamoring for cheap or free access to Western technology as the price for playing ball on climate change.
That would be “counterproductive” to the whole goal of cleaning up the world’s energy mix, GE says, since it would “deter innovation and technology deployment.”
In other words, GE’s recipe for creating a healthy clean-tech sector is simple: Keep it open, and keep it profitable.