Friday, February 4, 2011

Pacemaster Treadmill Error 22

Why is the wind a good deal for the Spanish economy?

Sonia Franco

In times of crisis they face, one asks what he has to have a business to be considered good. The theory is simple: a good deal is one that generates profits for what was previously is fundamental investing. If, moreover, also implies that business benefits to society, the investment will be more than justified.

I have no doubt that this is the case of the wind. It is true that needs a boost through premiums, which rise in the nineties with the objective of encouraging cleaner energy as an alternative to penalize polluters. But, in addition to environmental benefits and contribution to the independence and energy security, has been shown that the wind generates significant social and economic benefits and significant savings for the system energy with a very low cost to the consumer.

things first. For starters, must be clear that in Spain the remuneration for wind is the lowest in the European Union (round of 77 € / MWh, from 92 € in Germany, the 86 € for France's 152 € Italy). Furthermore, in Spain the wind is the technology of special system receives less pay and largest contributor to the coverage of electricity demand (14.3% in 2009 and walked from 17% in 2010). At the same time, it's more competitive, to be the one that is closer to profitability on its own same, without incentives.

And you might ask, what change do you pay these incentives? For a change of use of an energy that is inexhaustible, it does not pollute, which slows down the consumption of fossil fuels, thus helping to prevent climate change.

These are inherent advantages and why different countries started back in the nineties, to bet on this technology. Today, it is a mature type of energy, which has shown that it also presents significant economic and social benefits. In Spain in 2009, the wind prevented issuing 20.6 Mt of CO2, equivalent to 270 M €; saved fossil fuel imports by value of 1,541 M €, lowered the price of electricity in the electricity market at 3.4 € per MWh (the move the system more expensive technologies) generated electricity for consumption of ten M families contributed to GDP 3,207 M €, provided jobs for 35,719 people, and generated 156 M € investment in R + D + i.

addition, in 2010, Spain is the only European country in the OECD electricity demand increases while reducing their bill by fossil fuels to renewables.
Benefits
important, yes. What about savings? For every dollar it costs the system, the wind returns three to the economy (the result of the sum of its contribution to GDP plus imports and CO2 emissions avoided).

Without further wind development in 2020 Spain would have to pay € 4,200 m over a year (47.7% more than now) for fossil fuel imports necessary, with a consequent increase in electricity prices .

How much will this cost to the consumer on the street, you and me? Exactly 1.3 € per month. Meanwhile, the wind will save € 160,000 a year to each industrial consumer.

I hope you agree with me: wind is a good deal for Spain. That are at times of crisis should make us think only in the short term because the wind is here to stay and those benefits for which we have spoken will increase. Can not be otherwise.

Sonia Franco, director of ESA communication

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