||For delivery in electronic format: Rs. 1000;
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||2002 - 2006
Spain, USA, India, Denmark, etc.
Wind power forms a very
small part of the total electricity generation at the global level, when
compared to power from fossil fuel and hydro power. However, countries
are increasingly adopting wind power and other renewable energy sources
to reduce their reliance on fossil fuels and minimize the impact on the environment.
In terms of installed capacity for power generation, wind
energy is growing faster than other renewable energy sources such as
solar energy, geothermal energy, and tidal energy. Wind energy
generation, which initially started in Europe and the United States, is
gradually expanding to the rest of the world.
In 2005, 11 countries -
Germany, Spain, Denmark, Italy, the UK, the Netherlands, Portugal,
India, China, Japan, and the US - each accounted for more than 1000 MW
of wind power generation capacity, as compared to only five countries
having an installed capacity of more than 1000 MW in 2003.
In 2003, the
share of the top five wind energy generating countries - Germany, Spain,
USA, India, and Denmark - in global installed capacity was about 82%.
This share decreased to about 79% in 2004, which further declined to
about 77 % in 2005.
Generation of wind power is critical for developing nations to meet the
growing demand for power resulting from increasing population and
industrialization, especially in view of the increasing price of oil.
Asia, with an annual growth rate of about 48%, is expected to emerge as
a major wind power-generating region in the near future. In 2005, Asia
accounted for 20% of the additions to the global wind power generation
capacity. In Asia, India dominates in terms of installed capacity for
wind power generation, while in Europe, Germany has the largest
installed capacity for wind power generation. Considering the generation
cost of wind energy and the immense power generation potential from wind
energy, governments at the international level are implementing a number
of financial incentive systems and financing policies to encourage the
installation of wind farms. And these governmental measures appear to be
yielding results. Technological innovations are continuously bringing
down the generation costs of wind power. Wind turbine manufacturers are
upgrading production capacity to meet the growing demand for wind
turbines at the global level.
Investment in the wind energy sector at the global level is also
increasing with venture capitalists finding it attractive to invest in
wind power generation projects. In 2004, wind energy accounted for 72%
of the total investment in the green energy market. In 2005, the United
States recorded the largest investment in the wind energy sector. Future
prospects for the wind energy market are bright and global installed
capacity for generation of wind power is projected to reach 120,000 MW
by 2010. As the wind energy market grows, the number of wind energy
projects is estimated to initially increase. The larger wind farms may
eventually acquire the smaller wind farms, resulting in market
Wind power, Renewable energy sources, Fossil fuel combustion,
Kyoto Protocol , Greenhouse gases, Wind turbine, Production Tax credit, Net
metering, Renewable Portfolio Standards (RPS), Green power, Noise pollution,
Wind farm, Iberdrola SA, FPL Energy, Acciona Energia, Vestas Wind Systems A/S,
Gamesa Eolica, Enercon GmbH, GEWind, United Nations Framework Convention on
Climate Change (UNFCCC)
A Report on Wind Energy in the World
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