FourFour Two article 4th May, 2018 14:05:00 I just got home from a work visit to one of the world’s most diverse and promising renewable energy projects, the ERCOT plant in the Netherlands.
The ERCot plant is a mix of biomass and wind, and uses a variety of different technologies, including photovoltaic (PV) and hydroelectric, to power the grid.
In its first months, the plant produced electricity of around 50 gigawatt hours (GW), enough to power more than half of the country’s households, while the company said that by 2022 it would be producing around 200GW.
But it is a challenging project, in that it has been plagued by high production costs, and in some areas it has faced financial difficulties as a result.
I spoke with the head of ERCots Renewable Energy, Mark Van der Luyst, who said that while the project was well funded, the cost of the electricity has been a challenge, and that the company needed to invest heavily to get to that point.
“The cost is really quite high,” he said.
“We have to spend quite a bit of money, and then that investment needs to be recouped.
We are not doing it by simply waiting for the price to come down.””
We have been working very hard on the finance side of things, and we have a very good plan, but at the moment it’s not profitable.”
Van der Luest said that the financial problems were not solely down to the financial difficulties.
“[The financial difficulties] come from the fact that there are a lot of things that have to happen, and also the financial pressures that have been imposed upon us.”
He explained that the project’s financing was “very complicated” and that it had to raise capital through debt and a loan from the Dutch government, which had to be approved by the Dutch parliament.
And the biggest challenge for the company is the “technical side”, as it needs to meet EU regulations, including the carbon price.
So far, the project has been operating under a state of emergency in order to deal with financial difficulties, but Van der Leust said the company would continue to work towards a commercial launch of the project.
“It is not an easy project to work on,” he explained.
Erdogan’s comments about solar energy, and the EU’s energy policy, have also had an impact on the project, and some of its critics have criticised Erdogan’s actions on solar.
According to the Turkish Prime Minister, Turkey is a world leader in solar energy.
The company said in its financial results that it generated around 8,000 GW of renewable energy during the first six months of the year, while ERCOTS reported a net loss of $5.4 million in the first half of 2018.
Despite this, the company reported that it would continue operating the project and produce around 20GW of renewable electricity over the coming year, and expects to be profitable.
Van Der Lues added that the EEC has been able to secure a loan for the project from the European Commission, which will allow it to invest in new technologies.
As the company continues to invest into renewable energy, it will have a financial incentive to do so, as the EU will also be able to use the project to generate revenues.
“We can sell renewable electricity at a lower price, which is important for our customers,” Van Der Lues said.
However, Van Der Leusts said that there were some challenges that the plant was facing.
He said that in the short term, “there are challenges that we have to overcome”, and added that he would be meeting with Turkish authorities soon to discuss further solutions.
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Read more about energy from FourFour two:The EERCOT project has also faced criticism from some renewable energy advocates, who say that the power generated from the project would not be enough to provide enough power to the average household.
This is despite the fact the company says it has a target to produce 200GW of electricity from renewable energy by 2020.
At the moment, the electricity generated from ERCOTT is being used for lighting, which in turn is being supplied by wind turbines.
That said, the system has been criticised by environmentalists, who argue that it does not go far enough to protect the environment.
Some have criticised the project for not investing in the more environmentally friendly technologies required to produce more power, such as solar panels and wind turbines, while others have criticised it for relying on the European Union’s controversial CO2 reduction target.
Last week, the European Parliament voted against the project as it does require the use of fossil fuels for generation, which are largely not renewable energy sources.
Meanwhile, the UK Government has announced that