India is Wasting Money On Expensive European Technology India has made a new offshore wind energy policy which aims at having a working offshore wind farm in the next 5 years. The country has also appointed European consultants for wind resource assessment and developing a plan for offshore wind potential. In my view, offshore wind […]
A new Body to manage Wind Energy in India India has not done anything much in offshore wind energy installations with other countries such as China, USA and Germany already planning or setting up large offshore wind energy farms. India is now setting up the foundations for the growth of offshore wind energy in India. […]
Worldwide wind Energy Capacity up by 1000% Global wind energy capacity has jumped up a whopping 1000% in the last 10 years or so, as wind energy prices decreased and governments started to subsidize wind energy to reduce green house gas emissions. Wind Energy has grown in all parts of the globe such as Europe, […]
The world’s largest green company Siemens is taking drastic measures to cut costs at its Renewable Energy unit which saw orders fall below 40%. Note the cleantech industry is facing massive competitive pressure which has already seen some of the biggest green companies like Q-Cells go bankrupt and others like Vestas searching for buyers. The […]
German Wind Turbine Producers Siemens and RePower ( Suzlon subsidiary) are the biggest beneficiaries of a sharp growth in offshore wind energy in Europe. These companies have taken the lion’s share of the market for new offshore wind energy installations in places like UK and Europe. Note while the Chinese wind turbine producers have grown […]
Europe has got the largest installed capacity of wind and solar energy due to the proactive policies enacted by the governments there.However the renewable energy industries have not been left unaffected by the European debt crisis. Offshore Wind Energy is a European development with most of the major offshore wind power farms located in Germany and UK. France which is tendering for 5 GW of offshore wind energy farms has seen reduced bank interest according to Areva. Offshore Wind Energy grew by more than 50% in 2010 and is expected to continue at above 50% growth rates over the next several years as the global installed offshore wind capacity multiples by more than 25 times over the next 10 years.