Wind Power gets Boost in Competition for Energy

Wind power gains momentum worldwide as competition for energy sector share heightens.

U.S. wind energy is expected to supply 20% of electricity by 2030, with Iowa, South Dakota and Kansas currently generating above the 20% mark, according to Washington Post.
“Technological advancements, coupled with decreased energy consumption, have already placed the United States ahead of the Energy Department’s original 20% wind by 2030 milestones,” explains Jose Zayas, head of wind and water power technologies office at the Energy Department’s Office of Energy Efficiency and Renewable Energy
Despite hurdles, the Chinese market is expected to recover, demonstrating strong growth in 2013 at 25%.  “China leads the way, with reports of 20 GW or more installed in 2014” says Steve Sawyer, CEO of the Global Wind Energy Council.
While other developing economies are expected to take the helm in coming years, Australia is also on track to reach its 20% goal by 2020 for renewable energy as technologies continue to improve, allowing individual wind turbines to increase the amount of electricity they generate, by making larger wind rotors and central rotor hubs higher off the ground. Washington Post.
From Hurdles to Hopeful
Wind energy continues to draw criticism from a variety of places; the Australian Prime Minister and other affected parties had stated that wind farms make “a lot of noise” and are “visually awful”,
Heavy subsidies with the existing coal and fossil fuels is also another factor affecting renewables, ” To bring wind towards a position where it can compete head to head with conventional energy sources, it is imperative to find a balance between maintaining attractive investment and certain policy and reducing the burden on governments and consumers caused by paying renewable energy subsidy” Feng Zhao, Director at FTI consulting.
Since 2013, there have been 120 cases of suppliers collapsing or staying out of the wind business, covering Asia, Europe and North America.
Inconsistency is also another factor, ” when there’s no wind, you’re out of luck”, but in 2013 wind was able to achieve 4% of global demand, expected to reach about 14-15% in 2030.
Whether wind power will continue its resurgence in the developing economies or elsewhere, “Wind power has become the least-cost option when adding new capacity to the grid in an increasing number of markets, and prices continue to fall.” explains Steve Sawyer

 

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