Analyzing the wind power market in EU 2013
Monday, Mar 04, 2013
Research and Markets (http://www.researchandmarkets.com/research/l7hndg/analyzing_the) has announced the addition of the "Analyzing the Wind Power Market in EU" report to their offering.
“Analyzing the Wind Power Market in EU”
As demand on finite petroleum reserves and the price of the fuels derived from them continues to rise, renewable forms of energy are becoming more cost-effective and profitable. In the forefront of this renewable revolution is harnessing the sustainable power of wind. The rise of wind energy is no longer being looked upon as an alternate source of energy.
Europeans have always been highly favorable to wind energy, and over the last eight years, only new gas capacity has exceeded new wind power capacity in the EU. Since 2000, 30% of all installed electricity generating capacity in the EU has been wind power. While wind energy today meets 3.7% of EU's electricity demand, the technology is already the second largest contributor to economic activity and employment in the area of power plant manufacturing.
The European Union has set a binding target of 20% of its energy supply to come from wind and other renewable sources by 2020. In order to achieve this 20% energy target, more than one-third of the European electrical demand would have to come from renewables, with wind power expected to deliver 12-14%.
An analysis of the major onshore wind farms in the EU (operational and planned) further enhances the value of This Research's report on the Wind Power Market in EU.
An analysis of the offshore wind power in the EU makes up a large part of this report. This section includes a country-wise analysis of the major regions involved in offshore wind power developments, the benefits of offshore wind power for the European Union, the challenges facing offshore wind power in the EU, the role of offshore wind power in meeting the targets of the Kyoto Protocol, and an analysis of the major offshore wind farms in the EU. A case study takes a look at the fast-growing offshore wind energy in China and also compares the offshore wind energy in the EU versus the United States. Economic value of an offshore grid in the European Union is also described here.
Source: Business Wire