 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Global Wind Power Could Generate 318 Gigawatts By 2013
Oyster Bay NY (SPX) Jun 16, 2009 The emission-neutral energy provided by wind power represents a unique opportunity to help the world end its reliance on expensive, polluting fossil fuels, and to spur the economy by creating millions of "green collar" jobs. Wind power has followed an evolutionary path over thousands of years that has transformed it from an efficient method for grinding grain into the world's fastest-growing, most cost-competitive, sustainable energy source. A new market study by NextGen Research, "Global Wind Power Market: The Outlook for Renewable Energy Generation by Wind Turbines, Wind Farms", forecasts that global wind-based electrical generation capacity, which totaled just under 121 gigawatts (GW) in 2008 (a record year for new installations), will reach 318.5 GW by 2013. Spurring this growth will be a boom in China's renewable energy industry; government support in the form of subsidies, feed-in tariffs and Renewable Portfolio Standards, and international goals for renewable energy usage established under accords like the Kyoto Protocol and the EU's Renewables Directive. The study's author, Keith Reinhardt, says that despite the troubled economic climate, the global business environment has never been so favorable for the widespread proliferation of wind power equipment. "The wind power industry worldwide has surged over the past decade, as demand has been driven by aggressive government mandates and subsidies designed to promote energy independence and reduce toxic emissions. Moreover, the growing prevalence of policy implemented to ensure a long-term market for wind power and to promote investor certainty continues to facilitate growth in emerging markets with massive potential." Mr. Reinhardt says that the global recession dealt a glancing blow to the wind power industry in 2009 by forcing many developers to cancel or delay projects. However, he says, the industry will rebound sharply during 2010 as credit markets thaw and the flow of capital resumes. "The world has embarked on a green revolution, with a growing number of aggressive government policies mandating increased reliance on renewable energy. In addition, the cost of generating electricity from wind is approaching parity with traditional energy sources, and could become cheaper than fossil fuel-based electrical generation regardless of government subsidies as fuel prices rise and a standardized global value is placed on carbon emissions. Share This Article With Planet Earth
Related Links NextGen Research "Global Wind Power Market: The Outlook for Renewable Energy Generation by Wind Turbines, Wind Farms" Wind Energy News at Wind Daily
Wind Energy Project To Be Developed On Kumeyaay Nation LandSan Diego CA (SPX) Jun 16, 2009 The Campo Band of Mission Indians of the Kumeyaay Nation, Invenergy and San Diego Gas and Electric (SDG and E) have jointly announced a plan to build a wind energy project capable of generating up to 160 megawatts (MW) of renewable power. The three parties signed a memorandum of understanding for the development of a wind project on tribal land that could offset as much as 57.6 million ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook