Worldwide,
use of clean energy is on the rise – state-led initiatives and
growing public awareness to conserve the environment are the reasons
cited for the same. These efforts are bringing a radical change in
the renewable energy sector, wind power being one of them. In wind
energy generation, however, the maintenance of turbines and other
equipment is a herculean task, which limits the usefulness of this
energy form.
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Full Global Wind Power Market Report With Complete TOC @
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Wind
Energy Production Scenario in the West: a Snapshot
Wind
energy installations worldwide recorded a capacity of 34-35 GW
(gigawatts) in 2013, according to the Global Wind Energy Council.
There has been a decline in the global wind power market demand for
wind energy in the last decade, mainly because of a drop in wind
power production in China and the U.S. Nevertheless, in Europe, wind
power is a favored energy source, mainly due to its renewability. In
the region, countries such as Germany and the U.K. will lead the wind
power market, with eastern and central European countries such as
Finland, Sweden, Turkey, Poland, and Denmark exhibiting moderate
demand for wind power.
After
the U.K. and Germany, which are currently the leading markets for
offshore wind, China is gearing up to commence production of its
massive offshore wind farms project with a capacity of a few hundred
MW in the foreseeable years. In this regard, administrative and
regulatory clearances are underway and other details pertaining to
the applicable fixed tariff for offshore wind farms is under
assessment, which on completion will propel the wind power market in
China significantly.
In
the U.S., the offshore wind power market is still in a nascent stage
and testing is ongoing to gauge the frequency of offshore wind
availability. In this regard, the Deepwater Block Island project and
the Cape Wind Project in Massachusetts have received clearance for
commencement.
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Availability
of Wind Resources and Technical Expertise Drives Japan Wind Power
Market
Other
than these countries, Japan stands as an important market for wind
power. Infrastructural development, combined with the availability of
scientific expertise, is the reason for the country to possess a huge
potential to harness wind energy for power production. Thanks to
added capabilities for domestic offshore wind operations and
maintenance and the presence of a robust supply chain network, wind
energy is a mainstream energy source in Japan.
Japan’s
standing in the global wind power market is due to the country being
home to the first floating offshore wind farm and its adjoining
substation in the Fukushima region of the country. The first of its
kind, these projects received clearances from the authorities in a
relatively short period of less than two years, with the production
capacity expected to be increased in the coming years as more and
more sophisticated equipment is brought into use. This includes the
utilization of high-capacity floating and semisubmersible spars for
enhanced capacity.
India
and China Wind Power Markets Rising due to High Government Support
In
the developing economies of China and India, strong regulatory
support and availability of funds from both private and public
parties will support the growth of the renewable energy sector, which
includes wind power, solar power etc. In these countries, government
agencies and stakeholders involved in the energy sector, in
collaboration with financial institutions, have the capability to
propel the wind energy market and safeguard the energy needs of the
future, mitigating the adverse effects of non-renewable energy
sources on the climate.
Some
of the major companies operating in the wind power market are AWS
Truepower, DNV GL, Enercon India Pvt Limited, GE Wind Energy Limited,
Indowind Energy Limited, Newan Power Company Ltd., LLC, Blue Sky
Energy Inc., Wind world India Limited, Orient Green Power Limited,
Aban Loyd Chiles Offshore Ltd., and Suzlon Energy among others.
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
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