Schalk
Cloete
NorwayAccount Details
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My work on Energy Post is focused on the great 21st century sustainability challenge: quadrupling the size of the global economy, while reducing CO2 emissions to zero. I seek to contribute a consistently pragmatic viewpoint to the ongoing debate on this crucial topic. My formal research focus is on second generation CO2 capture processes because these systems will be ideally suited to the likely future scenario of a much belated scramble for deep and rapid decarbonization of the global energy system.
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The risks related to onshore wind power investment
Investment risk: nuclear high, new load-following fossil fuel plants low
Bans on subsidies (in some countries) and reduced costs have hit total investment in onshore wind. Meanwhile, market share continues to grow across the EU28. Wind energy now accounts for almost 20% of installed capacity for power generation which makes researcher Schalk Cloete's sobering analysis of risks for onshore wind well worth reading. Following up on his previous article, he examines current assumptions and argues that the discount rate … [Read more...]
In the current policy environment many energy technologies can appear attractive with the right set of assumptions: discounted clean energy technologies (wind, solar and nuclear) where the discount rate is heavily influenced by risk (see graph) and, perhaps surprisingly, new load-following fossil fuel plants (especially natural gas) where continued wind/solar technology forcing actually provides substantial upside potential. CCS researcher Schalk … [Read more...]
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