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Headwind or Tailbreeze for Wind Power?

July 5, 2012

Wind power throughout the financial crisis has continued to grow as an alternative power source in terms of capacity installed. Albeit true the growth rates have declined to a “modest” 20% range. A major contributor to the growth has been, guess who, China! Based on capacity installed China has increased wind power generation by 2,337% in 5 short years. Now surpassing the US as the world’s largest producer of wind power. With the position of number two largest generator of wind power in the world, wind power accounts for less than 2% of the total power generation in the US. On a per capita basis, the number one spot goes to Denmark. Should not be surprising since since Denmark established in 1971 the Ministry of Environment, and the very first country to do so, focused on preserving the environment.

Should the ten countries constituting 86% of the planet’s wind power put the focus of public policy on alternative energy sources, huge gains would be made in reducing the carbon footprint of humanity. Whether you believe in global warming or not, it’s just a good idea all around. Denmark is not one of those top ten countries.—a-global-growth-market/

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