Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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5. Wind Energy Technologies Energy source and wind energy technologies Wind energy is sunlight converted into atmospheric kinetic energy, via convection in the atmosphere and evaporation over oceans. It is a fully renewable energy source with very low external costs and a great potential for increased use. In the EU, wind turbines could, by 2020, produce 10% or more of the expected electricity consumption. Achieving such a contribution will be a great challenge, since wind energy must be competitive in the market place despite its inevitably fluctuating nature. Moreover, despite its use in Europe for many hundreds of years for grinding corn and pumping water, there is a large unrealised potential for wind power generation in the EU. Market situation and potential The EU has attained a leading position in electricity generation from wind power. Thus 75% of worldwide wind energy capacity is installed in Europe, primarily in Denmark, Germany and Spain. By 2003 there was about 29 GW of installed capacity in the EU, with some 5.5 GW of new capacity being added in 2003. It supplied over 60 TWhr of electricity in that year, the equivalent of about 1.7 times the Danish consumption, 2% of overall EU-25 consumption. In Denmark and Schleswig-Holstein more than 20 % of electricity demand is now covered by wind turbines. (A) 1. 2. (B) 3. 88

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