Wind Power could be Competitive with Coal, Gas, and Nuclear by 2016

Wind Power could be Competitive with Coal, Gas, and Nuclear by 2016

by peixej@oilprice.com (Joao Peixe)

Since 2005 the global capacity of installed wind power has quadrupled, due to a variety of factors such as improved technology, large scale investment, and incentive programs designed to encourage industry growth.According to the Worldwatch Institute, in 2011 the global installed capacity increased by 21 percent on the previous year, with China alone accounting for 43 percent of total installations, the US for 17 percent, India seven percent, and Germany five percent.Whilst installing by far the largest capacity of wind power, China is having difficulty…Read more...