Sunday, October 30, 2011

Canada's Wind energy future is "Cloudy"

Wind energy a sector of the renewable energy economy that has a tremendous potential for growth in the next few years. the evidence for this statement lies in the fact that renewable energy investments have been the highest in the Wind Energy sector. Many countries, both developing and developed, are formulating technologies, strategies and policies to as to harness this wonderful source of energy.
However, thanks to its large scale of operation and capital intensiveness, Wind energy schemes must be meticulously planned. Not doing so would be a waste of manpower and money, as can be seen in Canada. The government has not set any renewable energy goals beyond 2016, which has led to an outcry by many industrial bodies. As I had mentioned in an earlier post, Canada has added over 1300 MW of electricity supply from wind energy this year. This capacity could reach a whopping 14,000 MW by 2016 if all the policies are implemented completely. However, there is no long term plan after that. Only Ontario and Nova Scotia have planned wind energy reforms after 2016. The rest of Canada definitely needs to catch up, and fast. Their success could mean a lot for other countries, especially small countries who are struggling for effective ways to tap wind energy, to benefit from their example. 
Oh, and if I may mention, India had an installed capacity of over 13,066 MW of electricity (from wind) as of 2010.



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