Read More - American Council On Renewable Energy

2037. Accredited Renewables Generators earn RenewableObligation Certificates for each MWh generated, thecertificates which can be traded. Suppliers must have thenecessary number of certificates at the year end, or elsepay a buy out fee (~£35.76/MWh). Buy out fees arerecycled to suppliers who have met their obligation,therefore increasing the ROC’s value. Generators cansecure medium term contracts for supply of power, ROC’s,and other benefits. An excess of electricity would meanthat the UK can consider exporting some of energy toother parts of the European Union.The United Kingdom stands at theforefront of renewable energy marketdevelopment. The UK governmentrecognizes that the most efficient way tomeet its goals is to establish an openmarket system with a free market pricingmechanism.– Mike Rosenfeld, Vice Consul, UK Trade and InvestGermanyGermany has set ambitious targets for 2020.Juergen Morhard of the German Embassyrelated that the targets for 2020 include 40%less greenhouse gas (GHG) emissions (270 m.tons), a 30% share of renewable energy inelectricity (compared to 15.3% in 2008), a 14%share of renewable energy in heating, doublingof energy efficiency, and doubling of cogeneration(CHP). Germany’s Integrated Climateand Energy Policy (ICEP) has goals of climateprotection, energy security, economic growth,employment opportunities, and industrialinnovation. One of the major goals of the ICEP isa total annual reduction of 270 million metrictons CO2 by 2020.The keys to success of Germany’s RenewableEnergy Sources Act rely on a few factors.Morhard also told RETECH attendees thesuccess of the Renewable Energy Sources Actrests on the following principles:• Reliability - long term planning security forinvestors• Innovation - technology-specific incentivescreate lead markets• Flexibility - adapts to technological andmarket developmentThere needs to be a specific but simple approach for bothprivate households and businesses; grid operators have tofeed in electricity from renewable energy sources and givepriority to transmission and distribution of RE; priceguarantee should be valid for 20 years; the total costs ofthe EEG for tax payers would be €4,4 billion, so thatfamilies pay less than €3/month, and private householdspay 1 cent/kWh per month.Germany is a world leader in renewables.According to David Wortmann of Germany Trade andInvestment, Germany had the largest sales worldwide ofphotovoltaic cells and wind turbines, and Germanyoccupied a 10% share of the global renewables market in2007. During the same year in the labor market, therewere 249,300 Germans employed domestically in therenewable energy industry. Germany had €10,7 billion ofdomestic investments in renewables during 2007 inaddition to exporting €9 billion of renewable energysystem products. Total sales in Germany for 2007 equaled€25 billion.Germany is one of the world’s largest PV market, with aturnover of €7 billion in 2008. In 2007, Germany held a47% share of the world PV market. While in 2008,Germany’s total installed PV power was 5.3 GW, newlyinstalled PV power was 1,500 MW, PV industry turnoverwas €7 billion, and the number of employees in PVindustry was 48,000.The Germans also have a well developed wind energymarket. In 2007, Germany held a 24% share of the worldwind market. Newly consented wind projects in Germanyprofit by a broad and steady domestic market and excellentexport conditions. Wind power accounted 7% ofelectricity consumption in Germany during 2008. Datafrom 2007 show that the total number of installed windturbines in Germany was 22,247 MW; the number ofGerman employees working domestically in the windindustry was 85,000; the share of worldwide turbineAmerican Council On Renewable EnergyExecutive Summary Report 36