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Renewable Energy Project Economics, Policy and Incentives

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Renewable Energy Standards in the states (26 DC) create a 'regulatory' demand for renewables ... Source: NREL, Wind Energy Resource Atlas of the United States ... – PowerPoint PPT presentation

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Title: Renewable Energy Project Economics, Policy and Incentives


1
Renewable Energy Project Economics, Policy and
Incentives
  • NARUC Staff Subcommittee on
  • Accounting and Finance
  • October 8, 2007

Dr. Lola Infante Manager, Generation Fuels and M
arket Analysis
2
Renewable energy Economics, barriers and
incentives
  • Market penetration
  • Renewables share in power generation remains
    modest
  • Growth driven by wind
  • Drivers
  • Renewable energy standards
  • Financial incentives
  • Cost remains a main barrier for renewable
    deployment
  • Capital cost
  • Transmission and integration
  • Intermittency requires additional reserves
  • Growth will depend on policy and technology
    developments

3
Energy Sources and Uses
Sources U.S. Department of Energy, Energy
Information Administration, 2004 data.
4
Renewable Energy Net Generation - 2006
Includes wind, solar, biomass and other
non-hydropower renewable energy sources.
Includes generation by batteries, chemicals,
pitch, and purchased steam. Source U.S. Depart
ment of Energy, Energy Information
Administration, 2006 data
5
Growth of renewables
Source U.S. Department of Energy, Energy
Information Administration, 2006 data

6
Growth of Wind
million MWh
Sources EIA Electric Power Monthly and EIA
Electric Power Annual.
7
Renewable generation in the states generation mix
Data U.S. Department of Energy, Energy
Information Administration, 2006 data
Only shown the states with total renewable
generation 1
8
Where renewable generation is
Wind
Data U.S. Department of Energy, Energy
Information Administration, 2006 data
Only shown the states with total renewable
generation 1 of US total
9
Drivers
  • Renewable Energy Standards in the states (26
    DC) create a regulatory demand for renewables
  • The PTC and other financial incentives
    facilitate the financing of new capacity and
    lower its cost

10
26 States The District of Columbia Have
Renewable Energy Standards
11
Resources Wind Power
Source NREL, Wind Energy Resource Atlas of the
United States
12
Resources Solar Radiation Tracking Concentrator
Source NREL
13
Resources Biomass
Source NREL
14
Resources Geothermal
Source NREL, Geothermal Resources Estimates for
the US, Technical Report, NREL/TP-840-40665, Nov.
2006
15
Costs are increasing Wind Power Prices
16
Costs are increasing Project costs increases are
a function of turbine prices
17
Transmission Access for Renewable Energy
Source Global Energy Decisions, Inc., The
Velocity Suite
18
Future Contribution of Renewables to the National
Fuel Mix
BAU - generation
2030
2006
Source U.S. Department of Energy, Energy
Information Administration, Annual Energy Outlook
2007 Early Release
Source U.S. Department of Energy, Energy
Information
Administration, 2006 data
19
Future Contribution of Renewables to the National
Fuel Mix
20
  • Thank you!
  • Contact information
  • Lola Infante
  • linfante_at_eei.org
  • (202)508-5133
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