Wednesday, 9 June 2010

Renewables - it's still all about the money

Just when you starting to feel good about yourself and the energy companies striving for excellence in renewable energy, you bump into a story like this.

Renewable Energy Focus revealed how a survey into global mergers and acquisitions showed that 37% of respondents intended to invest in biomass, compared to 36% investing in solar and 35% in wind.

Investors see biomass as a quicker way to get a good return on their investment. Biomass plants (the incineration of waste) can provide electricity whilst also providing heating to surrounding buildings / businesses, providing another source of income for the plant operators.

So, the money may be on biomass but we've a feeling that people would rather have wind turbines in their back gardens than biomass plants.

photo credit: chiara marra

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