Wind Energy


RENEWABLE ENERGY?

 

The Renewable Energy business deals with unconventional sources of energy such as the Sun, Wind, Water, and Biomass. The depleting global reserves of coal and petroleum have prompted the search for newer ways to feed the universal demand for energy; as a result, this sector is enjoying massive interest from investors and the governments alike.? The current crop of technologies being used in this sector include:

??????????Photovoltaic Cell (Solar Cell): Generating Electricity using sunlight.

??????????Hydroelectricity: Generating Electricity using flowing water.

??????????Wind Turbines: Harnessing the wind energy to generate electricity.

??????????Biomass: Biomass is derived from dead plants, trees, biodegradable waste and can be used as a fuel or used to produce biofuel.

??????????Biogas Plants: It is a type of fuel produced by the anaerobic decomposition of organic matter such as biomass, manure or sewage, municipal ? ? ? ? ? ? ? ? ? waste, green waste and energy crops.

??????????Geothermal energy: Its about the utilization of the heat energy produced in the Earth?s core.?

 

An estimated $120 billion was invested globally in the renewable energy sector in 2008. Leading renewable energy companies include Acciona, Enercon, Gamesa, GE Energy, Q-Cells, Sharp Solar, SunOpta, Suntech, and Vestas.

 

Key trends to watch out for

 

According to Clean Edge research:

The market for Biofuels reached $25.4 billion in 2007 and it is projected to grow to $81.1 billion by 2017.

The Solar photovoltaics industry will grow from a $20.3 billion industry in 2007 to $74 billion by 2017.

The fuel cell and distributed hydrogen market will grow from a $1.5 billion industry to $16 billion over the next decade.

There?s a whole new generation of start-ups that are manufacturing electric cars with the aim to bring them into the mainstream automobile market.

The concept of sustainable cities is fast catching up with countries around the world. Abu Dhabi is aiming to build the world?s first zero carbon, zero waste, car-free city. Its called the Masdar City and????? it will be powered solely by photovoltaic cells.

Geothermal energy is posing to be one of the key sectors for growth in the industry.

 

Indian Prospective?

 

The market for Renewable Energy business in India is estimated to be $500 million abd is expected to grow at an annual rate of 15%. The major areas of investment include: solar energy, wind energy, small hydroelectric projects, conversion of waste into biofuel , biomass and alternative fuel.

 

The Government of India has taken out a new policy which aims at generating 10,000 MW of power through renewable and non-conventional sources by 2012, which will act as a further catalyst boosting the growth of the industry in the country. Renewable energy player Astonfield has plans to?invest?around $2 billion in India over the next five years to generate about 1,000 MW of power, most of which will come from solar sources. Some of the key factors that are fuelling the growth of the sector are:

 

There is a large gap between demand and supply of electricity in the country.The country is well endowed in renewable energy sources like solar, wind, water and biomass.

 

 

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