Is Current Wind Growth Sustainable? | Renewable Energy World Magazine Article - 0 views
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wind farms are not only capital intensive but also have a long gestation period – could prove to be prohibitive for many potential investors.
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terms of global policy, governments need to boost investments in onshore and offshore wind generation through the right mix of supportive policies and incentives.
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The growth in wind power capacity has shown no signs of slowing, even in these tough economic times. For two years running there has been more new wind power capacity installed than any other power generating technology in Europe – including coal, gas and nuclear. In 2009 the European market for wind turbines experienced a 23% growth rate, the same as the average growth rate over the last 15 years.
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"The growth in wind power capacity has shown no signs of slowing, even in these tough economic times. For two years running there has been more new wind power capacity installed than any other power generating technology in Europe - including coal, gas and nuclear. In 2009 the European market for wind turbines experienced a 23% growth rate, the same as the average growth rate over the last 15 years."Both in Europe and in the US, some 40% of all new power generating capacity installed in the past two years was wind energy. If the economic crisis continues, however, the reduction in power demand will start to impact wind energy, simply because of lower demand for new power plants. Nevertheless, the medium and long-term outlook remains very healthy, as political momentum is building towards a low carbon economy, without which humankind will not overcome three of the biggest concerns of our time - climate protection, energy security and the provision of jobs." "Wind power is a leader now, and will remain so in the future, attracting big investments and creating jobs. There is a boom waiting to happen in offshore wind energy. But, Europe's ageing electricity grids must be upgraded and extended, and the EU must also pursue a drive to build an offshore grid in the North and Baltic seas that will connect offshore wind farms to the shore, piping vast amounts of CO2-free energy to consumers at affordable prices."
