"It's An Ill Wind" -- Well Not All That Ill!

Thu, 2008-03-13 06:32Ross Gelbspan
Ross Gelbspan's picture

"It's An Ill Wind" -- Well Not All That Ill!

Powerful winter storms sweeping across Europe have boosted wind power, oversupplying the wholesale market for electricity and driving down prices by some 12 percent since Friday.

Even though road, rail and ship travel has been disrupted and insurers facing claims from damage brought by high winds, operators of wind turbines have been able to generate and sell more supply of the renewable energy into the power network.

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Solar farm

Pressure continues to grow for European politicians to agree to further reductions of greenhouse gas emissions between now and 2030.

The European Union’s 2020 climate and energy package, which is binding legislation, calls for emissions to be cut by 20 per cent from 1990 levels by 2020. In addition, the plan calls for energy efficiency savings of 20 per cent and a 20 per cent increase in renewable energy technologies.

While the European Union seems largely on track to meet those targets, later this month...

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