It’s no secret in the utilities marketplace that the wind energy industry is booming. Globally, wind generation has more than quadrupled between 2000 and 2006. At the end of last year, global capacity was more than 70,000 megawatts.
In the energy-hungry United States, a single megawatt is enough electricity to power about 250 homes. Germany has the most installed wind energy capacity, followed by Spain, the United States, India, and Denmark. Development is also fast growing in France and China, according to National Geographic.
Wind is currently making just a small contribution to the world’s energy mix — just 3 percent, meaning it’s still no match for oil and gas, but according to industry analysts, it’s headed for a major upswing, and the worldwide supply of wind energy will more than double in the next five years.
Navigant Research, which has been following wind trends for 19 years now, projects that wind, both onshore and offshore, will provide 7.3 percent of the electricity consumed worldwide by 2018.
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