DOCSLIB.ORG

Renewable Energy for BHP Billiton Framework and Application to BHP Billiton’S Global Assets

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Renewable Energy for BHP Billiton Framework and Application to BHP Billiton’S Global Assets 2008 Renewable Energy for BHP Billiton Framework and Application to BHP Billiton’s Global Assets Prepared by, Priyanka Bandyopadhyay Anthony Gross Michael Hartley Jeffrey LeBrun Ali Moazed University of Michigan School of Natural Resources & Environment Erb Institute for Global Sustainable Enterprise A project submitted in partial fulfillment of requirements for the degree of Master of Science School of Natural Resources and Environment University of Michigan Ann Arbor April 2008 Faculty Advisor: Professor Gregory A. Keoleian A copy of this report can be found online at: http://deepblue.lib.umich.edu/handle/2027.42/35325 Renewable Energy for BHP Billiton Page ii y Special thanks to our sponsors Renewable Energy for BHP Billiton Page iii y Acknowledgements This report represents the efforts and contributions of a many individuals and institutions. We would first like to thank project sponsors BHP Billiton, the School of Natural Resources and Environment at the University of Michigan, and Frederick A. & Barbara M. Erb Institute for Global Sustainable Enterprise at the University of Michigan. We are especially grateful to project sponsors Paul Doetsch and Steven Antalics for making this project possible. We would also like to extend our gratitude to our faculty advisor Professor Gregory Keoleian, co-director of the Center for Sustainable Systems, for sharing his knowledge and advice. Sergio Ramagem of the UN Food and Agriculture Organization, Professor Boaventura Cuamba of Eduardo Mondlane University, and Derek Higgo, Carlos Moamba, Imran Shiran, and the staff at Corridor Sands Limitada provided tremendous support and insight for our work in Mozambique. Tricia Wallace, Rakesh Gupta, Juma Juma, and Jake Walter from TechnoServe Mozambique as well as Luis Leones, Steve Collins, and Andres Mostert also supported our insight into energy crop cultivation in Mozambique. Georgina Jones, Greg Huggins, Emil von Maltitz, and Katherine Maasdorp from Coastal and Environmental Services also provided great advice and context during our visit to Mozambique. We would also like to acknowledge the invaluable support offered by Pablo Medina, Bernardo Tapia, Loreto Campo, Mauricio Ortiz, Linda Broughton, and Mike Anglin in Chile. Mario Andres Pavez Ovalle also offered great insight on the value of wind power relative to the proposed Chilean renewable portfolio standard. We are indebted to Professor Andy Hoffman for his advice and particularly for his work in Carbon Strategies: How Leading Companies Are Reducing Their Climate Change Footprint. The framework in this text served as a foundation for our own framework, and his work provides some of the basis for ours. We would like to acknowledge the Ross School of Business MAP team Caroline Koskinas, Matt McMurtry, Sonal Singla, Ariel Sznajder, and Yuting “Tina” Wei for sharing their work and insights. Their initial assessment of the Corridor Sands site proved extremely valuable for our work. We would also like to recognize the advice and support provided by Alan Cuddon, Ritva Muhlbauer, Alex Green, and Edwin Mongan at BHP Billiton. Professor Gautam Kaul aided the development of our financial models and our understanding of risk, real options, and the valuation of social benefits. Renewable Energy for BHP Billiton Page iv y Dr. Daniel R. Gross, Dr. Nicholas Kottak, Professor Arun Agrawal, and Professor Maria Carmen Lemos provided additional support on the social considerations in Mozambique. Doug Franke in South Africa and Mark Tholke of enXco have been great sources of advice. We would also like to thank Mike Cundy and Lisa Hopeman for their work on geothermal energy. Finally, we are deeply grateful to our families and our partners and spouses Elizabeth Anderson, Matilda Bode, Jayaram Iyer, and Anna Ruszaj for their vital support and patience. Renewable Energy for BHP Billiton Page v y Table of Contents Acronyms & Abbreviations ................................................................................ xi Chapter 1: Executive Summary .......................................................................... 13 Context and Project Description ........................................................................................................... 14 Asset Evaluations and Recommendations ........................................................................................... 16 Framework for Evaluating Renewable Energy Options .................................................................... 17 Key Insights and Findings ...................................................................................................................... 19 Chapter 2: Introduction and Background ......................................................... 22 Definition of Renewable Energy ........................................................................................................... 23 Drivers for Renewable Energy .............................................................................................................. 23 The Metals and Mining Industry and Sustainable Development ..................................................... 29 BHP Billiton ............................................................................................................................................. 31 Evaluating Renewable Energy Options ................................................................................................ 40 Methodology ............................................................................................................................................. 41 Chapter 3: Technology Overview ...................................................................... 43 Chapter 4: Framework for Evaluating Renewable Energy ............................... 47 Intent and Scope ...................................................................................................................................... 48 Introduction to the Renewable Energy Framework ........................................................................... 48 Step 1: Understand the Base Case ......................................................................................................... 52 Step 2: Identify Drivers and Develop Goals for Renewable Energy ............................................... 55 Step 3: Select and Prioritize Criteria ...................................................................................................... 60 Step 4: Assess Renewable Resources .................................................................................................... 66 Step 5: Identify Viable Technologies Based on Resources ................................................................ 68 Step 6: Match Viable Technologies to Renewable Energy Needs and Goals ................................. 68 Step 7: Develop and Evaluate Project Concepts ................................................................................ 69 Supplemental Exhibits ............................................................................................................................ 72 Chapter 5: Resource Assessment Toolkit .......................................................... 81 Intent of the Toolkit ................................................................................................................................ 82 Solar ........................................................................................................................................................... 82 Wind .......................................................................................................................................................... 86 Biomass ..................................................................................................................................................... 90 Supplemental Exhibits ......................................................................................................................... 101 Chapter 6: Technology Assessment Toolkit .................................................... 110 Intent of the Toolkit ............................................................................................................................. 111 Key Concepts ........................................................................................................................................ 111 Solar Photovoltaics ............................................................................................................................... 114 Renewable Energy for BHP Billiton Page vi y Concentrated Solar Thermal Power ................................................................................................... 122 Wind Power ........................................................................................................................................... 135 Biomass Combustion and Gasification ............................................................................................. 142 Supplemental Exhibits ......................................................................................................................... 159 Chapter 7: Framework Application to Minera Escondida Limitada ............... 169 Scope ...................................................................................................................................................... 170 Minera Escondida Limitada (MEL) Site Background ..................................................................... 170 Framework Application ......................................................................................................................
Load more

Recommended publications
  • BHP Economic Contribution Report 2017 1 Chief Financial Officer’S Introduction
    Economic Contribution Report 2017 We have a long-standing commitment to transparency. We are proud of the value we generate and how this contributes to building trust with the communities in which we operate. In this Report Chief Financial Officer’s Introduction 2 Tax and our 2017 Financial Statements 20 FY2017 Total economic contribution 3 Basis of Report preparation 21 Our contribution throughout the value chain 6 Glossary 22 Approach to transparency and tax 9 Independent auditor’s report to the Directors Our payments to governments 14 of BHP Billiton Plc and BHP Billiton Limited 23 Corporate Directory 24 BHP Billiton Limited. ABN 49 004 028 077. Registered in Australia. Registered office: 171 Collins Street, Melbourne, Victoria 3000, Australia. BHP Billiton Plc. Registration number 3196209. Registered in England and Wales. Registered office: Nova South, 160 Victoria Street London SW1E 5LB United Kingdom. Each of BHP Billiton Limited and BHP Billiton Plc is a member of the Group, which has its headquarters in Australia. BHP is a Dual Listed Company structure comprising BHP Billiton Limited and BHP Billiton Plc. The two entities continue to exist as separate companies but operate as a combined Group known as BHP. The headquarters of BHP Billiton Limited and the global headquarters of the combined Group are located in Melbourne, Australia. The headquarters of BHP Billiton Plc are located in London, United Kingdom. Both companies have identical Boards of Directors and are run by a unified management team. Throughout this publication, the Boards are referred to collectively as the Board. Shareholders in each company have equivalent economic and voting rights in the Group as a whole.
    [Show full text]
  • Empirical Inference of Related Trading Between Two Securities: Detecting Pairs Trading, Merger Arbitrage, and Strategy Rules*
    Empirical inference of related trading between two securities: Detecting pairs trading, merger arbitrage, and strategy rules* Keith Godfrey The University of Western Australia Working paper: 5 September 2013 The traditional approach to studying pairs trading is to simulate profitability using ex-post historical prices. I study the actual trades reported anonymously in security pairs and build statistical inferences of related trading. The approach is based on the time differences between trades. It can distinguish intrinsically related securities from pseudo-random sets, find stocks involved in merger arbitrage in massive sets of paired index constituents, and infer dominant trading rules of mean reversion algorithms. Empirical inference of related trading can enable further studies into pairs trading, strategy rules, merger arbitrage, and insider trading. Keywords: Inferred trading, empirical inference, pairs trading, merger arbitrage. JEL Classification Codes: G00, G10, C10, C40, C60 The availability of intraday trading or “tick” data with time resolution of a millisecond or finer is opening many avenues of research into financial markets. Analysis of two or more streams of tick data concurrently is becoming increasingly important in the study of multiple-security trading including index tracking, pairs trading, merger arbitrage, and market-neutral strategies. One of the greatest challenges in empirical trading research is the anonymity of reported trades. Securities exchanges report the dates, times, prices, and volumes traded, without identifying the traders. In studies of a single security, this introduces uncertainty of whether each market order that caused a trade was the buy or sell order, and there are documented approaches of inference such as Lee and Ready (1991).
    [Show full text]
  • Texas Transportation Planning for Future Renewable Energy Projects: Final Report (FHWA 0-6850-1)
    TECHNICAL REPORT 0-6850-1 TXDOT PROJECT NUMBER 0-6850 Texas Transportation Planning for Future Renewable Energy Projects: Final Report Sebastian Astroza Priyadarshan N. Patil Katherine I. Smith Vivek Kumar Chandra R. Bhat Zhanmin Zhang August 2016; Published March 2017 http://library.ctr.utexas.edu/ctr-publications/0-6850-1.pdf Technical Report Documentation Page 1. Report No. 2. Government 3. Recipient’s Catalog No. FHWA/TX-16/0-6850-1 Accession No. 4. Title and Subtitle 5. Report Date Texas Transportation Planning for Future Renewable Energy August 2016; Published March 2017 Projects: Final Report 6. Performing Organization Code 7. Author(s) 8. Performing Organization Report No. Sebastian Astroza, Priyadarshan N. Patil, Katherine I. Smith, 0-6850-1 Vivek Kumar, Chandra R. Bhat, Zhanmin Zhang 9. Performing Organization Name and Address 10. Work Unit No. (TRAIS) Center for Transportation Research 11. Contract or Grant No. The University of Texas at Austin 0-6850 1616 Guadalupe Street, Suite 4.202 Austin, TX 78701 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered Texas Department of Transportation Technical Report Research and Technology Implementation Office January 2015–August 2016 P.O. Box 5080 14. Sponsoring Agency Code Austin, TX 78763-5080 15. Supplementary Notes Project performed in cooperation with the Texas Department of Transportation. 16. Abstract There will be a significant increase in the number of renewable energy production facilities in Texas. The construction of wind farms requires the transport of wind turbine components that create increased loads on rural roads and bridges. These rural roads and bridges are typically not designed for such loads.
    [Show full text]
  • Appendix D Avian Fatality Studies in the Western Ecosystems Technology, Inc
    Appendix D Avian Fatality Studies in the Western Ecosystems Technology, Inc. (WEST) Database This page intentionally left blank. Avian Fatality Studies in the Western Ecosystems Technology, Inc (West) Database Appendix D APPENDIX D. AVIAN FATALITY STUDIES IN THE WESTERN ECOSYSTEMS TECHNOLOGY, INC. (WEST) DATABASE Alite, CA (09-10) Chatfield et al. 2010 Alta Wind I, CA (11-12) Chatfield et al. 2012 Alta Wind I-V, CA (13-14) Chatfield et al. 2014 Alta Wind II-V, CA (11-12) Chatfield et al. 2012 Alta VIII, CA (12-13) Chatfield and Bay 2014 Barton I & II, IA (10-11) Derby et al. 2011a Barton Chapel, TX (09-10) WEST 2011 Beech Ridge, WV (12) Tidhar et al. 2013 Beech Ridge, WV (13) Young et al. 2014a Big Blue, MN (13) Fagen Engineering 2014 Big Blue, MN (14) Fagen Engineering 2015 Big Horn, WA (06-07) Kronner et al. 2008 Big Smile, OK (12-13) Derby et al. 2013b Biglow Canyon, OR (Phase I; 08) Jeffrey et al. 2009a Biglow Canyon, OR (Phase I; 09) Enk et al. 2010 Biglow Canyon, OR (Phase II; 09-10) Enk et al. 2011a Biglow Canyon, OR (Phase II; 10-11) Enk et al. 2012b Biglow Canyon, OR (Phase III; 10-11) Enk et al. 2012a Blue Sky Green Field, WI (08; 09) Gruver et al. 2009 Buffalo Gap I, TX (06) Tierney 2007 Buffalo Gap II, TX (07-08) Tierney 2009 Buffalo Mountain, TN (00-03) Nicholson et al. 2005 Buffalo Mountain, TN (05) Fiedler et al. 2007 Buffalo Ridge, MN (Phase I; 96) Johnson et al.
    [Show full text]
  • Chapter 8: Colombia
    8 Colombia 8.1 Summary of Coal Industry 8.1.1 ROLE OF COAL IN COLOMBIA Coal accounted for eight percent of Colombia’s energy consumption in 2007 and one-fourth of total exports in terms of revenue in 2009 (EIA, 2010a). As the world’s tenth largest producer and fourth largest exporter of coal (World Coal, 2012; Reuters, 2014), Colombia provides 6.9 percent of the world’s coal exports (EIA, 2010b). It exports 97 percent of its domestically produced coal, primarily to the United States, the European Union, and Latin America (EIA, 2010a). Colombia had 6,746 million tonnes (Mmt) of proven recoverable coal reserves in 2013, consisting mainly of high-quality bituminous coal and a small amount of metallurgical coal (Table 8-1). The country has the second largest coal reserves in South America, behind Brazil, with most of those reserves concentrated in the Guajira peninsula in the north (on the country’s Caribbean coast) and the Andean foothills (EIA, 2010a). Its reserves of high-quality bituminous coal are the largest in Latin America (BP, 2014). Table 8-1. Colombia’s Coal Reserves and Production – 2013 Anthracite & Sub-bituminous & Total Global Indicator Bituminous Lignite (million Rank (million tonnes) (million tonnes) tonnes) (# and %) Estimated Proved Coal 6,746.0 0.0 67469.0 11 (0.8%) Reserves (2013) Annual Coal Production 85.5 0.0 85.5 10 (1.4%) (2013) Source: BP (2014) Coal production for export occurs mainly in the northern states of Guajira (Cerrejón deposit), Cesar, and Cordoba. There are widespread small and medium-size coal producers in Norte de Santander (metallurgical coal), Cordoba, Santander, Antioquia, Cundinamarca, Boyaca, Valle del Cauca, Cauca, Borde Llanero, and Llanura Amazónica (MB, 2005).
    [Show full text]
  • Annual Review and Summary Financial Statements 2010 Shareholder Information Continued
    Centrica plc Registered office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD Company registered in England and Wales No. 3033654 www.centrica.com Annual Review and Summary Financial Statements 2010 Shareholder Information continued SHAREHOLDER SERVICES Centrica shareholder helpline To register for this service, please call the shareholder helpline on 0871 384 2985* to request Centrica’s shareholder register is maintained by Equiniti, a direct dividend payment form or download it from which is responsible for making dividend payments and www.centrica.com/shareholders. 01 10 updating the register. OVERVIEW SUMMARY OF OUR BUSINESS The Centrica FlexiShare service PERFORMANCE If you have any query relating to your Centrica shareholding, 01 Chairman’s Statement please contact our Registrar, Equiniti: FlexiShare is a ‘corporate nominee’, sponsored by Centrica and administered by Equiniti Financial Services Limited. It is 02 Our Performance 10 Operating Review Telephone: 0871 384 2985* a convenient way to manage your Centrica shares without 04 Chief Executive’s Review 22 Corporate Responsibility Review Textphone: 0871 384 2255* the need for a share certificate. Your share account details Write to: Equiniti, Aspect House, Spencer Road, Lancing, will be held on a separate register and you will receive an West Sussex BN99 6DA, United Kingdom annual confirmation statement. Email: [email protected] By transferring your shares into FlexiShare you will benefit from: A range of frequently asked shareholder questions is also available at www.centrica.com/shareholders. • low-cost share-dealing facilities provided by a panel of independent share dealing providers; Direct dividend payments • quicker settlement periods; Make your life easier by having your dividends paid directly into your designated bank or building society account on • no share certificates to lose; and the dividend payment date.
    [Show full text]
  • Economic Development Impacts of Colorado's First 1000 Megawatts Of
    A national laboratory of the U.S. Department of Energy Office of Energy Efficiency & Renewable Energy National Renewable Energy Laboratory Innovation for Our Energy Future Economic Development Impacts Conference Paper NREL/CP-500-43505 of Colorado’s First 1000 August 2008 Megawatts of Wind Energy S. Reategui and S. Tegen National Renewable Energy Laboratory Presented at WINDPOWER 2008 Houston, Texas June 1–4, 2008 NREL is operated by Midwest Research Institute ● Battelle Contract No. DE-AC36-99-GO10337 NOTICE The submitted manuscript has been offered by an employee of the Midwest Research Institute (MRI), a contractor of the US Government under Contract No. DE-AC36-99GO10337. Accordingly, the US Government and MRI retain a nonexclusive royalty-free license to publish or reproduce the published form of this contribution, or allow others to do so, for US Government purposes. This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof.
    [Show full text]
  • GWEC Global Wind Report 2016
    GLOBAL WIND REPORT ANNUAL MARKET UPDATE 2016 Opening up new markets for business: Mongolia 8TH NATIONAL RENEWABLE ENERGY FORUM Ulaanbaatar, Mongolia 5 May 2017 Mongolia’s wind has the technical potential of 1TW. GWEC is paving the road to that potential. www.gwec.net TABLE OF CONTENTS Preface . 4 Foreword from our sponsor . 6 Corporate Sourcing of Renewables – A New Market Driver for Wind . 8 Global Status of Wind Power in 2016 . 12 Market Forecast 2017-2021 . 20 Argentina . 26 Australia . 28 Brazil . 30 Canada . 32 Chile . 34 PR China . 36 Denmark . 40 The European Union . 42 Finland . 44 Germany . 46 India . 48 Japan . 50 Mexico . 52 Netherlands . 54 Norway . 56 Offshore Wind . 58 South Africa . 66 Turkey . 68 United States . 70 Vietnam . 72 About GWEC . 74 GWEC – Global Wind 2016 Report 3 PREFACE verall, the wind industry fi nished up 2016 in good installations of 8,203 MW were about the same as 2015’s, and shape, with solid prospects for 2017 and beyond. The despite the political goings-on, seem to be on track for a strong O economics of the industry continue to improve, with 2017, with 18+ GW either under construction or in advanced record low prices for the winning tender in Morocco last year stages of development. So far so good – fi ngers crossed! of about $30/MWh, and very competitive prices in auctions Europe’s numbers were surprisingly strong, actually sur- around the world, while more and more companies’ P&Ls have passing 2015 for Europe as a whole on the strength of Turkey’s come out of the red and into the black.
    [Show full text]
  • Appendix H Public Comments and Responses to DEIS
    APPENDIX H PUBLIC COMMENTS AND RESPONSES ON DRAFT ENVIRONMENTAL IMPACT STATEMENT According to NEPA, federal agencies are required to identify and formally respond to all substantive public comments. A standardized content analysis process was conducted to analyze the public comments on the Draft EIS. Each comment letter and email message received was read, analyzed and considered by BLM, Reclamation, and Western to ensure that all substantive comments were identified. In performing this analysis, the BLM, Reclamation, and Western relied on the Council on Environmental Quality’s regulations to determine what constituted a substantive comment. A substantive comment does one or more of the following: Questions, with a reasonable basis, the accuracy of the information and/or analysis in the EIS. Questions, with a reasonable basis, the adequacy of the information and/or analysis in the EIS. Presents reasonable alternatives other than those presented in the Draft EIS that meet the purpose and need of the proposed action and addresses significant issues. Questions, with a reasonable basis, the merits of an alternative or alternatives. Causes changes in or revisions to the proposed action. Questions, with a reasonable basis, the adequacy of the planning process itself. Thirty-seven individual comment letters and/or emails were submitted to the BLM during the 45-day comment period. Within the 37 comment letters, 322 comments were identified and addressed. Comments on the Draft EIS that failed to meet the above description were considered non-substantive because they expressed personal opinions or preferences that were not relevant to the adequacy or accuracy of the Draft EIS, or represented commentary regarding resource management unrelated to the Draft EIS.
    [Show full text]
  • A WEC Energy Forum Gubernatorial Candidates Speak to Costs, Climate Change, and Vermont’S Energy Future
    www.washingtonelectric.coop Vol. 71, No. 4 The newsletter of Washington Electric Cooperative, Inc., East Montpelier, Vermont. June 2010 A WEC Energy Forum Gubernatorial Candidates Speak to Costs, Climate Change, and Vermont’s Energy Future hey came to discuss energy, the Republican candidate had come, “One of the most important but I think people learned more Tissues facing our state today about these Democratic candidates and in the coming years,” as WEC by being in the room with them and President Barry Bernstein framed it. hearing them answer the questions Line Foreman Tim Pudvah at work in the forest canopy off the County Road in Washington Electric Co-op’s Board and display their personalities. I East Montpelier. The veteran WEC lineman is shown replacing transmission- of Directors had extended think it went really well.” line insulators, part of a project to replace 495 of them this summer. an invitation to all of It was nearly 7 the major-party p.m. – almost candidates for a half-hour governor of after the Vermont in scheduled An Open House 2010 to par- 6:30 start ticipate in an – when In Plainfield energy forum the five at the Co-op’s candidates WEC Member’s House Was Too ‘Open’ May 12 Annual arranged Membership themselves on Before Home Performance Work Meeting, and the Matt Dunne (center), shown with the dais in the five Democratic WEC President Barry Bernstein Montpelier Elks udy Cyprian opened up her idea. In 2009 she contracted with contend- (right), was one of five Democratic Club dining Plainfield home to strangers Montpelier Construction L.L.C., a ers accepted.
    [Show full text]
  • WIND ENERGY Renewable Energy and the Environment
    WIND ENERGY Renewable Energy and the Environment © 2009 by Taylor & Francis Group, LLC WIND ENERGY Renewable Energy and the Environment VaughnVaughn NelsonNelson CRC Press Taylor Si Francis Group BocaBoca RatonRaton LondonLondon NewNewYor Yorkk CRCCRC PressPress isis an an imprintimprint ofof thethe TaylorTaylor && FrancisFrancis Group,Group, anan informa informa businessbusiness © 2009 by Taylor & Francis Group, LLC CRC Press Taylor & Francis Group 6000 Broken Sound Parkway NW, Suite 300 Boca Raton, FL 33487-2742 © 2009 by Taylor & Francis Group, LLC CRC Press is an imprint of Taylor & Francis Group, an Informa business No claim to original U.S. Government works Printed in the United States of America on acid-free paper 10 9 8 7 6 5 4 3 2 1 International Standard Book Number-13: 978-1-4200-7568-7 (Hardcover) This book contains information obtained from authentic and highly regarded sources. Reasonable efforts have been made to publish reliable data and information, but the author and publisher cannot assume responsibility for the valid- ity of all materials or the consequences of their use. The authors and publishers have attempted to trace the copyright holders of all material reproduced in this publication and apologize to copyright holders if permission to publish in this form has not been obtained. If any copyright material has not been acknowledged please write and let us know so we may rectify in any future reprint. Except as permitted under U.S. Copyright Law, no part of this book may be reprinted, reproduced, transmitted, or uti- lized in any form by any electronic, mechanical, or other means, now known or hereafter invented, including photocopy- ing, microfilming, and recording, or in any information storage or retrieval system, without written permission from the publishers.
    [Show full text]
  • THE CO-EVOLUTION of INDUSTRIES, SOCIAL MOVEMENTS, and INSTITUTIONS: the CASE of WIND POWER DESIREE F. PACHECO Portland State Un
    THE CO-EVOLUTION OF INDUSTRIES, SOCIAL MOVEMENTS, AND INSTITUTIONS: THE CASE OF WIND POWER DESIREE F. PACHECO Portland State University School of Business Administration P.O. Box 751 Portland, OR 97207-0751 (303) 775-9974 [email protected] JEFFREY G. YORK University of Colorado at Boulder Leeds School of Business UCB 419 Boulder, Colorado 80309-0419 (303) 807-6027 [email protected] TIMOTHY J. HARGRAVE University of Washington, Bothell 18115 Campus Way NE Bothell, WA 98011-8246 (425) 352-3652 [email protected] Working Draft: Please do not circulate or cite without permission 0 THE CO-EVOLUTION OF INDUSTRIES, SOCIAL MOVEMENTS, AND INSTITUTIONS: THE CASE OF WIND POWER ABSTRACT We examine processes of emergence and change in the in the U.S. wind energy sector from a dialectical, co-evolutionary perspective. We first generate insights from a case study in Colorado, finding that social movements and entrepreneurs mutually influence each other. We then demonstrate such mutual influence through a longitudinal quantitative study of the U.S. wind energy sector which also finds that the formation of these specialist social movement organizations has important repercussions on the types of institutions that emerge and the visibility and subsequent growth that the industry experiences. 1 THE CO-EVOLUTION OF INDUSTRIES, SOCIAL MOVEMENTS, AND INSTITUTIONS: THE CASE OF WIND POWER The process of industry emergence and change has often been described as an evolutionary process in which firms generate new variations of processes and products, and those which fit the demands of the environment are selected and retained (Aldrich, 1999; Hannan & Freeman, 1977; Nelson & Winter, 1982; Van de Ven & Poole, 1995).
    [Show full text]