The complication is that on those days with lots of sunlight and those hours when there happens to strong wind (but not too much) the Polish and Czech energy markets are overwhelmed with surplus energy.
Hey, I’m interested in the oddest things. Saw an article saying Boeing completed a deal for 80 aircraft at a list price approaching $17 billion.
I wondered, just what is the sticker price for a brand new jet?
If you are also curious, follow along with me as I take a quick look at the details.
12/12 – Wall Street Journal – Boeing Seals Nearly $17 Billion Iran Deal– The deal could get sidetracked by a change in administration, but they have a deal, subject to approval of a wide range of federal agencies.
Million Dollar Way pointed me to EIA data for 2013 on the costs for construction and amount of new capacity for wind, solar, natural gas, hydro and biomass. As expected, the non-reliables have extremely high construction costs.
I’m probably in over my head with this table, but here is what I’ve learned. The total overnight cost is the estimated amount if the project were to be built instantly. I think that represents what most people would consider to be the cost of construction.
This is a big deal because the EPA’s goal of transforming the power grid will require shutting down a tremendous amount of already-operating plants and replacing that power with brand-new, intermittent, renewable power. That means shutting down existing coal plants and building new wind farms.
Bottom line is we will be shutting down conventional coal that produces electricity at $38.40 per megawatt-hour (mWh) in exchange for new wind farms at an all-in cost of $112.80/mWh.
As I notice articles describing the construction cost to build wind and solar facilities, I’m accumulating the information. A while back there was a discussion on the resale price. Compared to slice-and-dicers, a brand new car holds its value incredibly well.
Depreciation from driving a car off the dealer’s lot is nothin’ compared to a wind turbine.
The Wall Street Journal reports First Offshore Wind Farm in U.S. Powers Ahead – The first offshore wind turbines in the US will start construction soon and is expected to produce electricity late next year. Located a few miles off Block Island, Rhode Island, the turbines will replace diesel as source of electricity for the 1,000 residents.
The electricity has been purchased under a contract with National Grid with starting prices above market and rates to increase 3.5% each year for the 20 year life of the contract. Cost for the residents of the island will go down because this is replacing expensive diesel that is shipped to the island.
After some background, let’s look at the construction costs per megawatt of theoretical capacity.
To support a side comment in previous article, I did a quick search on operating costs of fighters. For future reference in other articles, I’ll list some of the info here.
4/2/13 – Time magazine – Costly Flight Hours – This is the longest list I could quickly find. Author cites a researcher who volunteered the info he had gathered from official sources, so take it for what its worth. Cool official pictures for the planes, too. A few highlights: