Showing posts with label Wind Energy. Show all posts
Showing posts with label Wind Energy. Show all posts

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.



Thursday, October 6, 2011

Wind Energy in Europe to triple its output by 2020

According to Justin Wilkes, policy director of the European Wind Energy Association, Wind Energy in Europe will triple its power output by 2020. Presently, 182 TWh (TeraWatt hour) of electricity is produced by wind, which is 5.5% of Europe's total energy production. This figure is expected to go up to 581 TWh in 2020, which will satisfy 15.7% of Europe's energy demands at that time.
This has been made possible by Europe's fast - paced development in the Wind Energy domain.
More than 260 billion USD were invested in offshore and onshore Wind energy farms in this decade. In the first half of 2011, wind energy turbines with a total capacity of 348 MW were set up, and wind farms worth USD 11.4 Billion are under construction (which will be able to generate more than 2400 MW electricity).
The wind energy sector is steadily recovering from the financial crisis, and the number of banks and financial institutions providing funding and investment in this sector is growing by the day.

Sunday, October 2, 2011

Suzlon subsidiary gets massive orders

Wind Turbines manufacturer Suzlon's subsidiary Seforge (which is one of the largest casting and forging companies in Asia) has got orders worth Rs 200 crore for wind energy equipment. (120 Cr. for tower flanges and 80 Cr.  for wind turbine casings).
This is yet another example that illuminates that the fact that foreign investments in the Wind Energy sector in India are at an all - time high. Not more than few days ago, investment banking giant Goldman Sachs decided to invest USD 200 million (1000 Crore rupees) in Suzlon Wind Energy.

Saturday, October 1, 2011

Danish Energy Agency : A Review

Denmark is the world leader in Renewable Energy. A recent report issued by the Danish Energy Agency (http://www.ens.dk/en-us) highlights some of the key points in Denmark's Energy Economy.


  1. Energy Consumption fell by 4% from 2008 to 2009 (5.5% reductions in transport sector, 10.8% in the Agriculture and Industry sector and 3.5% in households)
  2. Share of Renewable Energy in the total energy production rose from 18.8% to 19.7%.
  3. Carbon Dioxide emissions fell by 3.6%.
  4. Denmark is the only country in the EU that is self - sufficient in producing its own energy.
  5. From 1990 to 2009, the total production of Renewable energy went up by 150%. (Solar went up by 480% and production of wind energy went up by an astounding 1000%). Also, the amount of electricity produced by Renewable means went up by 463%.
  6. A total of 5107 wind turbines produce 3482 MW of Wind Energy.
  7. From 1990 to 2009, Per Capita production of Carbon Dioxide has gone down by 24.7%. The share of Renewable Energy in the total energy produced has gone up by 1270%.