As a result, wind power is the fastest-growing energy source in the world. It has taken my industry by storm – we see more and more clients who want their products made in plants powered with wind power (using offsets), as it helps send a values-laden message to an organization’s constituents that they are trying to be good stewards of the environment.
And although this is leading to higher wind power costs, as well as rising prices for the turbine equipment (see article from last week in TreeHugger: article), this is not such a bad thing. As the aforementioned article states, “The fact that demand is so high pushes prices upward, but that will only serve to attract more players; investors will see that there’s money to be made with wind power and large industrial companies might shift more resources to their wind power divisions. In fact, demand has been high for long enough to show the market that wind power is not simply a passing fad.”
All of these developments will lead to greater wind power generation capacity which will help the US reduce its dependence on oil, the majority of which comes from foreign sources. It may take a number of years, but the promise is great – as demonstrated in Spain. During one week this spring, wind power accounted for just over 40% of the country’s overall energy demand. And although this number may be a bit high, due to lower-than-normal energy demand, this figure is very exciting and gives us a big goal to shoot for.