Ontario budget has a green push
• A $250 million, five-year "emerging technologies fund" to encourage investments in green technology firms.
• A $50 million boost for the "innovation demonstration fund," which helps companies find commercial uses for emerging technologies – preferably in biofuels and alternative energy.
• $30 million a year for the government to use its own "buying power" to purchase emerging green technologies developed in Ontario, showcasing them for potential customers around the world.
• $50 million over five years to help finance research, capital and demonstration projects leading toward a "smart" electricity grid in Ontario.
• $8 million annually to encourage broader public-sector institutions, such as hospitals, colleges and universities, to serve food products grown and made in Ontario, reducing transportation of imports.
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BloombergNEF: World offshore wind costs 'drop 32% per cent'
DENMARK - World offshore wind costs have fallen 32% from just a year ago and 12% compared with the first half of 2019, according to new research from BloombergNEF.
In its latest Levelized Cost of Electricity (LCOE) Update, BloombergNEF said its current global benchmark LCOE estimate for offshore wind is $78 a megawatt-hour.
“New offshore wind projects throughout Europe now deploy turbines with power ratings up to 10MW, unlocking CAPEX and OPEX savings,” BloombergNEF said.
In Denmark and the Netherlands, it expects the most recent projects financed to achieve $53-64/MWh excluding transmission.
New solar and onshore wind projects have reached parity with average wholesale…
