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The Hindu Business Line : ‘I’ve never seen such a positive environment for renewable energy’

I’ve never seen such a positive environment for renewable energy’
All energy is politically driven and politically regulated, says Vestas President & CEO. The Hindu, Business Line N. RamakrishnanWind is the only type of energy where you can hedge your risk 100 per cent for the next 20 years. – Mr Ditlev Engel, President & CEO – “………We have learned from the financial crisis that big is not equivalent to good. Those, who do not have good projects or whose financing situation is more complicated, will have a bigger challenge……
……..Wind is the only type of energy where you can hedge your risk 100 per cent for the next 20 years.

 ………Another issue that people haven’t spent so much time on, but I know that some of our customers are factoring in into their business price model is that they don’t believe the price of water for exploration and so many other things will remain at this cost. China has invested $10 billion in pumping water from the South to the North because of drought. Drought is a huge issue in Australia and in certain states in the US. That water will come at a cost. Water is an important part of energy exploration. When you start to factor these things in, which many of the major utilities are doing, you start getting many different mechanisms in your pricing model for wind versus other types of energy. Y

The Hindu Business Line : ‘I’ve never seen such a positive environment for renewable energy’

December 6, 2008 - Posted by Christina Macpherson | ENERGY