Posts Tagged green energy

Navy Commits To Renewable Energy

The President mentioned it in the state of the union speech, and the Military Times has reported that the Navy is committing to buy a large amount of renewable energy by 2020.

From Military Times:

The Navy will reach its goal by using a variety of alternative financing techniques, including:

• Energy savings performance contracts, where a company pays the upfront investment for energy-efficiency renovations and retrofits in exchange for payments from energy savings over time.

• Enhanced-use leases, where a company gets to develop government land with renewable energy or other projects in exchange for payment or in-kind services such as reduced-rate energy.

• Power purchase agreements, in which a power company constructs an energy system in exchange for fixed payments over a certain number of years.

I can only guess that when the power is actually needed for whatever the Navy needs it for, it will be a cloudy windless day and we will all be praying that we stuck with gasoline or CNG.

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