Wind Power The greatest challenge of the 21st century is filling the gap between energy demand and supply with clean, reliable and green source of energy. Energy is very essential and it is in material form in everything that is around us. The opportunity cost of obtaining the energy that we require is the impact that is made on our environment. Some energy sources have greater impacts while others have relatively

Wind Power In 1987, Renner and Renner wrote, "One year after the dramatic collapse of world oil prices, any initial enthusiasm about it has yielded to a more sober assessment of the inter- national energy market. The predicted benefits of the oil price drop have turned out to be grossly overstated: cheap, abundant oil is clearly not the solution to the world economy's deep structural problems. Moreover, oil does not seem

While I could lose on this particular investment, if I made this investment several times, I would come out ahead with a 146.5% payoff. It should be noted that a key step in this process is to evaluate the quality of the estimates. The expected value of future cash flows is only as valuable at the information that goes into deriving them. It is a situation of garbage in, garbage

Figures 3 and 4. Vertical Axis and Home Wind Turbine Configurations. Sources: http://www.symscape.com/files/images/flowind_darrieus.img_assist_custom.jpg, and http://techlime.com/wp-content/uploads/2008/04/home-wind-turbines.jpg. Current and Future Trends in Wind Power Applications. While the foregoing wind power initiatives would indicate that wind farms are already contributing a large percentage of the nation's energy needs, the research shows that this is far from the case. In this regard, the current total respective renewable energy consumption rates based on source in the United States

But wind production is costly and India needs to find ways to produce wind energy at economical rates. For this reason, skilled technicians and designers are looking into the possibility of cost reduction "by increasing the size, tailoring of turbines for specific sites, exploring new structural dynamic concepts, developing custom generators, and power electronics, in addition to implementing modern control-system strategies." (Orosa, 2010) It has been found that in order to

Wind Energy Advantages of Wind Energy The exploitation of nonrenewable energy sources by the global population, notably by modern technological societies, has contributed to hostile political, economical, and environmental climates. The most notable nonrenewable energy sources, fossil fuels, which includes the burning of coal, petroleum, and natural gas, has induced concern of global warming, soaring oil prices, national energy security, and is depriving the earth of natural resources (Conner 130). Knowing the