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Showing posts from November, 2018

IRR Bull$hitt Bookkeeping

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        CBT announces    $900,000 CBT grant funding   for community alternate energy systems. To be selected for funding, projects must demonstrate a positive return on investment  . The Area Director for RDCK Area E, Ramona Faust found the      Pembina Institute   from Alberta, to do her calculations.  They told her what she wanted to hear. I had previously spoken with the director asked her to contact me so I could go over her solar quote, she never called, I read in the newspaper the systems were installed. When I emailed Ramona telling her how disappointed I was she replied  "we did our homework". They used the IRR bookkeeping method of calculating a postive return. .  Balfour BC received grant money for solar  systems on their Golf clubhouse, community hall and seniors centre. What is IRR bookeeping?  ( IRR - internal rate of return) IRR   - equivalent to  EBITDA (earnings before interest, taxes depreciation and amortization) Warren Buffet c

SOLAR IN BC IS DIRTY POWER

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          Every Grid Tied PV solar Panel in BC adds to the Province's Carbon Footprint Unless one can avoid the burning of a non renewable fuel like coal in a conventional power plant, which can't happen in BC, solar is dirty power adding to GHG's. January 8, 2018 BC Utilities Commission DENIES solar project. The recent Kelowna solar project  CSPP (Community Solar Pilot Program)  was denied by the BC Utilities Commission  one can read it here Final Order and Reasons Some excerpts from that document.  the Commission must accept the capital expenditure schedule, in whole or in part, if it determines that making the expenditures  would be in the public interest or, reject the schedule The BCOAPO (retired person org) submits - reasons customers give for participation in a community solar project (i.e. saving money, participation in a green project and GHG emissions reduction). there is a disconnect between what customers expect from participation and wha

Capacity Factor and Solar Power in BC

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                         If you understand Capacity Factor you will know more than all the experts presently picking your public pocket for their fantasy solar projects.                                              Nelson gets an award for the Community Solar Garden Left to right Alex Love, manager of Nelson Hydro he brought city council a business case for the community solar garden, Carmen Proctor city contractor solar expert(no previous known history working with solar), outgoing Mayor Kozak holding award, Trish Dehnel  Community Energy representative.                                            CAPACITY FACTOR EXPLAINED            If a hydroelectric plant runs 24/7/365 its said to have a Capacity factor (CF) of 100%. In the photo below we see the Nelson dam in summer overflowing, all the Orange in the inset graph of Kootenay river monthly water isn't being used to make power.  In the entire Pacific northwest hydro reservoirs are all overflowing from spring ru