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Showing posts from November 7, 2010

Growth Trends in Wind

A competitive analysis of conventional and renewable energy sources by Lucintel indicates strong global growth for wind in the coming years. By K. Venkateshwar Rao and Manasa Gantayat Despite governmental efforts to tap various energy sources there exists a gap between demand and supply, and industries across the globe are bracing themselves to face the challenges posed by the gravity of energy crisis. Even the recent economic slowdown and increasing use of different energy sources have failed to mitigate the growing hunger for power, and demand for electricity is increasingly on the rise in India, China, and other developing countries due to the rapid pace of industrialization and increasing usage of industrial goods. A recent research paper from Lucintel titled “Competitive Analysis of Conventional and Renewable Energy Sources: Opportunities and Cost Analysis” shows that, although most of the countries are dependent on conventional energy such as coal, natural gas,