Wind
Wind power is the conversion of wind energy into a useful form, such as electricity, using wind turbines. At the end of 2008, worldwide nameplate capacity of wind-powered generators was 121.2 gigawatts. Although wind produces only about 1.5% of worldwide electricity use, it is growing rapidly, having doubled in the three years between 2005 and 2008. In several countries it has achieved relatively high levels of penetration, accounting for approximately 19% of electricity production in Denmark, 11% in Spain and Portugal, and 7% in Germany and the Republic of Ireland in 2008.
Wind energy has historically been used directly to propel sailing ships or converted into mechanical energy for pumping water or grinding grain, but the principal application of wind power today is the generation of electricity. Wind power, along with solar power, is non-dispatchable, meaning that for economic operation all of the available output must be taken when it is available, and other resources, such as hydroelectricity, must be used to match supply with demand.
Large scale wind farms are typically connected to the local electric power transmission network, with smaller turbines being used to provide electricity to isolated locations. Utility companies increasingly buy back surplus electricity produced by small domestic turbines. Wind energy as a power source is favoured by many environmentalists as an alternative to fossil fuels, as it is plentiful, renewable, widely distributed, clean, and produces lower greenhouse gas emissions, although the construction of wind farms is not universally welcomed due to their visual impact and other effects on the environment. The intermittency of wind seldom creates problems when using wind power to supply a low proportion of total demand. Where wind is to be used for a moderate fraction of demand, additional costs for compensation of intermittency are considered to be modest.
Although the wind power industry will be impacted by the global financial crisis in 2009 and 2010, a BTM Consult five year forecast up to 2013 projects substantial growth. Over the past five years the average growth in new installations has been 27.6 per cent each year. In the forecast to 2013 the expected average annual growth rate is 15.7 per cent. More than 200 GW of new wind power capacity could come on line before the end of 2013. Wind power market penetration is expected to reach 3.35 per cent by 2013 and 8 per cent by 2018.
