A Report on Wind Energy in the World|Business Reports

A Report on Wind Energy in the World

            
 
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Case Details:

Report Code : BREP033
Report Length : 20 Pages
Period : 2002 - 2006
Organization : -
Pub Date : 2006
Teaching Note : Not Available
Countries : Germany, Spain, USA, India, Denmark, etc.
Industry : Energy

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Introduction

Electricity can be generated from a large array of sources that can be classified into fossil fuels (oil, coal and natural gas), nuclear power, and renewable sources such as hydro power, wind energy, solar energy, biomass energy, geothermal energy, and wave and tide power.

Wind power forms a very small part of the total power consumed at the global level, when compared to fossil fuel and hydro power.

After the oil crisis in the 1970s, many countries tried to reduce their reliance on oil imports from the Middle East, which meets a significant part of the global oil demand.

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Fossil fuel combustion – for various end use applications such as power generation and transportation – has also contributed to global warming, depletion of the ozone layer, rise in ocean temperature, and melting of icebergs in the polar region, which in turn leads to a rise in sea level.

Taking these factors into consideration, the world is turning toward renewable energy sources such as wind for power generation.

At the global level, electricity generated using fossil fuels and hydro power increased by 685,000 GW (to 17,452,000 GW) in 2004, while the installed capacity for wind energy generation increased by 8,383 MW (to 47,671 MW) during the same period.

Electricity generated using fossil fuel and hydro power marked a year on year growth rate of 4.09%, while the growth rate for wind energy was 21.34% from 2003 to 2004.

The new capacity additions in fossil fuel- and hydro-based power generation accounted for only 3.9% of the total capacity during 2004. Wind power capacity addition accounted for 17.59% of the total installed wind power capacity during 2004...

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