Reblogged from RENews 05/02/2015
MHI Vestas is seeking up to 200 people to work at its new wind turbine blade production facility on the Isle of Wight.
Production of 80-metre units for the company’s 8MW V164 offshore machine is stated to start in May.
The first blades are destined for Dong Energy’s consented 258MW Burbo 2 offshore wind farm in the Irish Sea.
The expansion of Vestas’ existing plant on the island, plans for which were unveiled in November, is the first part of a £200m investment under which some 800 jobs could be created.
MHI Vestas is to hold an awareness evening about the new positions next week and is working with the Isle of Wight Council to encourage local people to apply.
Chief executive Jens Tommerup said when production gets underway the facility will be the only manufacturer turning out blades in the UK as Siemens is not expected to start the line at its Green Port Hull plant until late next year.
Tommerup said: “The 80-metre blades for the V164 8MW prototype were designed, manufactured and tested at the Isle of Wight facility. We have developed the unique competences and processes necessary to manufacture blades at the centre, which makes it an ideal location to ramp up to serial manufacturing.”
Dong Energy UK country chairman Brent Cheshire said he was pleased the Burbo 2 project “can promote local growth and contribute to the development of the industry supply chain”.
Energy secretary Ed Davey added that MHI Vestas is “bolstering the UK’s expertise in advanced manufacturing”.
Allen & York is a specialist Renewable Energy recruitment consultancy; Current job opportunities include;
Mainstream Renewable Power are successfully growing their output across South Africa, with the financial sign-off on 3 windfarm developments across the Northern Cape. The projects are the 140MW Khobab and 140MW Loeriesfontein 2 in the Namakwa municipality and the 80MW Noupoort in Umsobomvu and will boost employment across the area. The developments represent an investment of around £494m, totalling 360MW.
The consortium led by Mainstream was awarded the contracts in October 2013 by the Department of Energy in South Africa under the third round of its Renewable Energy Procurement Programme and aims to start construction this month. The consortium consists of Mainstream Renewable Power, Thebe Investment Corporation, the IDEAS Managed Fund and Genesis Eco-Energy.
The South African renewable energy market has seen significant growth in recent years driven in the most part from 2011 when the South African government announced a Renewable Energy Procurement Programme.
Barry Lynch, Mainstream managing director for onshore procurement, construction and operations, said: “The team is delighted with our success today. Mainstream has been awarded more megawatts than any other developer under the Renewable Energy Procurement Programme.”
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Another month, another decline in oil prices. The cost of a barrel of Brent crude fell more than 60 percent between last June and the end of January, dropping for a record seven consecutive months. And the declines may not be over yet: Credit Suisse forecasts Brent will average $45 per barrel in the first quarter, down from $57 currently. Lower oil prices have, without question, been a boon for most parts of the global economy, because they have freed up cash for increased consumer and corporate spending. But is there a price for oil that’s too low? One that hurts more than it helps?
Consider the well-documented woes of oil-exporting countries such as Russia and Venezuela, whose government revenues have been severely reduced by lower oil prices, provoking fiscal imbalance. In both instances, there could be a wider regional impact. Fortunately, they aren’t expected to contaminate the global economy. “If Russia suddenly defaulted, or another major sovereign had difficulty, that would potentially lead to tighter credit conditions, says Neville Hill, co-head of global economics and fixed income strategy at Credit Suisse. “But it’s not likely.”
Then there’s the negative effect of cheap oil on U.S. producers. When the oil price was high, the majority of U.S. producers were operating well in the black. But it is rapidly approaching (or has already passed), the threshold at which many companies start to lose money on every barrel sold. As a result, the rig count for U.S. upstream companies is already down more than 10 percent, capital expenditures are expected to drop 35 percent this year, and production growth should slow to 300,000 barrels a day in 2015 from 1.6 million barrels a day last year. The industry will likely respond to cheaper oil by consolidating around companies with high-quality, low-cost reserves. Stockholders of or lenders to the weaker players, however, have already suffered losses, and there are surely more to come.
Specific oil-producing countries or oil producers themselves aside, the looming risk to all investors has to do with a lack of inflation—and, in some cases, deflation. Amid low oil prices, inflation rates in the 34 member countries of the Organization for Economic Cooperation and Development have fallen to their lowest levels since 2009, reaching 1.1 percent in December from 1.5 percent in November. At the same time that growth is already anemic in much of the developed world, deflation is a very unwelcome development, as it tends to prolong economic downturns.
Policymakers, however, appear to be very focused on the problem. In Europe, where worries about deflation are the most heightened, the central bank just announced a major quantitative easing program aimed at boosting growth and fueling inflation. Credit Suisse thinks the combination of easier bank lending conditions might just combine with the decline in oil prices to finally snap the continent out of its economic torpor, with low oil prices ultimately proving a boon to—and not a drag on—the region’s growth.
In the U.S., long-term inflation expectations have fallen sharply. The five-year inflation breakeven rate—a key gauge of long-term inflation expectations—fell steadily from 2.03 percent last July to 1.24 percent by the end of January. In a typical economic cycle, employment follows prices down. But that isn’t happening this time around, and it appears that just as in Europe, lower oil prices are helping much more than they’re hurting. Credit Suisse estimates that cheap oil will reduce the proportion of energy in total consumer spending from 3.2 percent last year to 2.5 percent by March. And since it usually takes several months for consumers to trust that lower gas prices will last before they then begin to increase spending, it’s quite possible that consumer spending on non-energy items will see a significant boost as the year unfolds. And when that happens, inflation should pick up. “One month of strong retail sales is one thing,” Hill says. “With six months, you’ve changed the game quite considerably.”
According to Credit Suisse, cheap oil is a large part of the reason global industrial production momentum, a rolling three-month measure of IP growth, hit 5.3 percent in January, up from 1.2 percent in August. U.S. IP momentum should peak in January above 7 percent, the bank says. Plus, global goods demand growth averaged 0.6 percent in October and November, nearly double its long-term average, and it looks set to continue to expand in the coming quarters. Falling oil prices usually signal an economic slowdown, and the farther they fall, the uglier things can get. But this time around, with increased U.S. shale production a major cause of the price decline – in other words, it’s a supply issue, not a demand one — falling oil prices are not so much a signal of decline but fuel for an upswing.
Barbara Reinhard, Americas Chief Investment Officer, and Steven Mattus, Americas Head of Product Management, at Credit Suisse’s Private Banking and Wealth Management division explore how investors can actively manage their exposure to benefit from lower commodity prices.
Jude Kirton-Darling, Labour MEP for North East of England writes in the Huffington Post on 2 Feb 2015; “Driving Job Creation Through Energy Efficiency; It’s a No Brainer!” and we have to say we agree.
She states that; “Lowering our energy consumption by increasing energy efficiency in buildings is one of the most cost-effective and sustainable ways to address security of [energy] supply, while at the same time drastically cutting CO2 emissions.”
Buildings, especially homes, make up the largest proportion of the EU’s energy consumption (40%) and CO2 emissions (36%) – more than any other sector. Making investment in energy efficiency crucial when addressing our future energy security. The UK government has just this week confirmed plans to extend the Green Deal Home Improvement Fund (GDHIF) vouchers scheme, by which householders are able to make subsidised energy efficiency improvements, like loft insulation and replacement boilers.
In conjuction, Kirton-Darling writes about the roll-out of the community energy savings programme (CESP) across her local area in Stockton-on-Tees, where 5,000 homes have benefited from external cladding, central heating upgrades and internal insulation, which has not only reduced domestic carbon emissions by around 300,000 tonnes. It has created almost 500 jobs, utilising the services of eight north-east contractors.
“We know the best way to lower bills – permanently – is to make homes warmer and greener,” said Energy and Climate Change Minister Amber Rudd when announcing the extended Green Deal voucher deadline. “We’ve helped one million homes install measures like insulation and boilers so it makes sense to extend Green Deal Home Improvement Fund vouchers for even more families to reap the benefits.”
Up to the end of December 2014, 11,061 vouchers have been paid and 13,613 measures installed through GDHIF, with £54.3m claimed. The next release of funding is expected around the end of this month or the beginning of March 2015.
ALLEN & YORK are a specialist Building & Energy Services recruitment consultancy; Current energy efficiency job opportunities include;
Senior Energy Modeller
Location: South East
Senior Sustainability Consultant
Location: South East and North West
Senior Engineering and Asset Management Consultant
See all Building & Energy Services Jobs
Location: South East
See all Building & Energy Services jobs
Not-for-profit organisation – The Energy Saving Fund has announced its plans to create 1,000 new energy jobs nationwide in 2015.
The ESF which was formed in 2008, to offer advice and financial assistance to home owners, provides a wealth of knowledge, experience and industry support especially across the every growing and important solar energy market.
The Energy Saving Fund has been instrumental in the creation of an industry funded grant and advice programme, which will see the organisation create more new jobs within the home improvement industry than has been seen for many years.
The Energy Saving Fund partner with companies providing; Double glazing, roofing and PV solar and as part of their new initiative for 2015 will increase their requirement for energy professionals working across these disciplines.
Re-blogged from Dailyrecord.co.uk – 31 Jan 2015
ALLEN & YORK are a specialist Building & Energy Services recruitment consultancy.
Current energy services job opportunities include;