Energy Trust of Oregon Saves 71% of 2012 Electricity Target in Q4
Electricity efficiency projects completed during the final quarter of 2012 by the nonprofit Energy Trust of Oregon are expected to save 29.3 average MW of electricity, according to results released by the body.
That translates to about 71 percent of the Energy Trust’s 2012 electric conservative goal and 60 percent of the 2012 electric stretch goal of a 49 MW savings. One average MW is equal to one MW of capacity produced continuously over a period of one year, the Trust says. Q4 2012 electric savings are approximately 24 percent greater than Q4 savings in 2011, according to the Trust’s quarter four 2012 Report to the Oregon Public Utility Commission.
The Trust’s blog noted in January that preliminary results for 2012 exceeded the organization’s stretch goals for electric and natural gas efficiency savings.
Gas efficiency projects completed during Q4 are expected to save 3.5 million annual therms of natural gas. That translates as about 72 percent of the 2012 gas conservative goal and 61 percent of the 2012 stretch goal of 5.7 million annual therms. Q4 savings are 35 percent greater than in Q4 2011.
Renewable energy projects completed during Q4 are expected to generate 3.4 aMW of electricity, which is 87 percent of the 2012 renewable energy conservative goal of 3.9 aMW. Q4 renewable generation activity is more than four times the activity in Q4 2011. Solar installations in Q4 topped 50 megawatts in capacity, adding to the Quarter 3 milestone of 5,000 solar electric systems installed with Energy Trust support since 2002.
Other highlights include the completion of eight projects in governor John Kitzhaber’s “Cool School” initiative. Seven of nine businesses participating in the newly-introduced Strategic Energy Management initiative completed energy upgrades, the report says.
Oregon’s first industrial-scale geothermal plant went online in March. The Neal Hot Springs plant in Eastern Oregon’s Malheur County is generating 28 MW of electricity, higher than initial capacity estimates of 23MW. Idaho Power buys the electricity under a 25-year power purchase agreement. The PPA has a starting price of $96 per MWh and escalates at a variable percentage annually.
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