top of page

Wind Power Brewing up a Growth Storm. Potentially Meeting World's Electricity Needs 18 Times Ove

  • Paul Ingram
  • Oct 27, 2019
  • 2 min read

That's right, 18 times over! How? Bigger turbines, floating, lowering cost of technology as well as installation, and supportive government green policies, are all key for wind to take the energy world by storm.

At the moment wind power just accounts for a mere 0.3% of the world's energy.

However, a major industry report by the International Energy Agency (IEA) has claimed wind has the potential to provide sufficient clean electricity for everyone on Earth 18 times over.

Falling costs and increasing green policies is helping make wind power grow into a trillion dollar industry. Global off-shore wind alone could attract $1 trillion of cumulative investment possibly by 2040.

This large investment will only further increase the high rate of technological progress.

The IEA showed that global offshore wind market grew 30% per year between 2010 to 2018. With there currently being 150 new offshore wind farm projects in development across the world.

The Authors of the report wrote, "With high-quality resources available in most major markets, offshore wind has the potential to generate more than 420,000 terrawatt hours per year worldwide. This is more than 18 times global electricity demand today."

Although they go on to explain how much work there still is yet to do to reach this point.

The EU's current offshore capacity is just under 20 gigawatts, on the current path, that is expected to rise to almost 130 gigawatts by 2040. However, this could actually be 180 gigawatts if all EU countries meet their stated carbon-neutrality targets.

Will this increased reliance on wind power create a massive growth in battery and other forms of power storage at the same time?

Wind power being intermittent will possibly create a inconsistent power supply. Which storage can help even out.

Comments


Our Details

   Unit 13 Newby Road Industrial Estate,

   Hazel Grove, Stockport

   SK7 5DA

   See Our Location


   Tel: 0161 456 8288

   Contact Form

Follow Us
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Yelp Social Icon
Ingram Power Group H.png

Ingram Installations is part of the Ingram Power Group. A team of companies offering a range of generator and power systems for a wide range of applications. Working within this group gives us a wider range of knowledge and ability to better serve our customers.

 

Ingrams are experts in generators, specialising in standby generator power, with either gas or diesel generator. Offering professional generator installation, as well as, generator maintenance and repair.

 

We are also proudly Premier Dealers for

Himoinsa Generators.

Ingram. Himionsa Premier Dealers

Copyright 2021 Ingram Installations Ltd. All Rights Reserved 

All our calls are recorded for training and monitoring purposes

bottom of page