Renewable Energy

Wind Energy

Wind energy is produced by harnessing wind blows (kinetic energy) to activate other mechanical systems, such as turbines which activate generators for electricity production.

In many places across the globe wind energy is currently the most cost effective means electricity production, comparing to market prices for electricity production from other energies.

The cost of energy production is increasingly reduced thanks to better use of turbines and other related components. In addition, there are currently turbines which can exploit milder winds in a better way and with fewer mechanical problems.

All the above, coupled with the increase in energy prices, contribute to a considerable increase in the amount of energy produced from wind each year.

 The global renewable energy market continues to grow consistently.

2010 shows peak data for investments in this area at a scope of approximately 243 billion dollar, representing a 30% increase comparing to 2009.

The global wind energy market maintains stability and during 2010 new projects of over GW35 Peak Watt have been installed across the world, constituting an annual investment of approximately 60 billion dollar, thereby brining the Peak Watt of this market to a total of approximately GW195.

Experts evaluate that the wind energy market is expected to impressively grow and reach a total of investments of approximately 122 billion dollar in 2020.

Source 1 – Name of article: Clean Energy Trends 2011

http://www.cleanedge.com/reports/reports-trends2011.php

Source 2 - Name of article: Whos Winning the Clean Energy Race

http://www.renewableenergyworld.com/rea/news/article/2011/04/whos-winning-the-clean-energy-race

Source 3 – Name of article: Global Wind Report, Annual Market Update 2010