Posts Tagged ‘Crisis’

Alternative Energy Solutions In A Time Of Power Crisis

Wednesday, August 11th, 2010

It is unofficial – but around the world many of us agree on one thing: it is very likely that there will be an energy crisis in the future. We all know energy is a huge issue in the contemporary world, and we have been convinced that humanity is at a crucial crossroads in its history because we face an energy shortage. Many experts believe this problem can only be solved by the use of alternative energy solutions.

By energy, I mean the fuel that drive our cars, give us electricity and enables us to delight in modern amenities we feel so vulnerable without. Fossil fuels have been the prime source of energy for human society since the beginning of the industrial revolution. These fossil fuels have been the muscles, which have enabled us to progress and develop to such dizzying heights. We face a problem in the 21st century because our stocks and reserves of these fossil fuels are running low; this news is worsened by the fact that these reserves cannot be renewed. Many governments and confidential agencies have started promoting Alternative Energy Solutions to overcome the looming energy crisis caused by the depletion of the non renewal’s sources of energy that all fossil fuels – coal, all oil and natural gas – represent.

Alternative Energy Solutions include all prime movers that can use a renewable natural resource to produce energy. This may be wind, thermal energy from the earth, and wave action in the shores and solar energy from the sun. Alternative energy resources can also include new technology like fuel cells. But the primary fuel humanity has long depended on has been oil. We now know from our own projections that the oil reserves in the world are slated to be unviable by 2050. Simply place, the world is running out of gas! In addition, not to mention, time.

The utilization of other forms of energy is therefore very vital. When we speak of alternative energy, it usually means the production of electricity via the use of some natural and renewable resource. What are these renewables, one may question. A name else may proffer this line of questioning and say: Are these renewable resources as well-organized as the fossil fuels? Not more than are some answers.

Wind energy is the word that comes to mind when people talk of renewable energy sources. Humans have harnessed the wind to drive machines since medieval times. In the 21st century we use wind turbines to produce electricity. As a source of power, wind is an brilliant option. Wind turbines generate electricity by rotary motion that is caused by the airflow.

Some of the negatives associated with wind energy and wind turbines lie in the volatility of wind. For example, no wind means the turbine does not rotate and electricity is not generated. Sites are a further problem; rows and rows of wind turbines are just not feasible in a city of a few million people. The most vital issue but lies in cost effectiveness, most power companies are still reluctant to invest in or buy their power from companies that use wind turbines. This is varying as governments around the world have started subsidizing power generation through alternative sources like wind.

There are other possible sources of renewable energy; tidal energy uses the energy of the ocean and is an effectual though rather geographically limited source of power, thermal energy from the earth taps geysers and other underground sources of heat. This is a very vital source of energy in places like Iceland – it is also geographically limited in its suitability. Nuclear energy can be considered a potentially inexhaustible source of power. But, it could have many perilous complications and most environmentalists dread its use.

New technological innovations like fuel cells are still a long way off from truly becoming substitutes to the fossil fuel powered internal combustion engines that have driven us all this far down the road. Indeed looking at all the possible sources of alternate energy and especially renewable, wind and hydroelectric projects are the only two viable long term sources, solar power is a potentially huge alternative source of energy but it has a technological handicap-we do not posses the engineering expertise to make better solar cells. Solar cells are also very costly to produce and are not cost effectual – even less so than wind.

Given all the setbacks we currently are unable to overcome, it will still be some time yet previous to we can throw away the polluting but well-organized, fossil fuel guzzling machines that we so fondly know as cars. The use of alternative energy sources is a very vital area of research and demands humanity’s attention.

As soon as fuel supplies run out on us, we may have to go back to that ultimate transport apparatus to take us places: our legs.

Bharatbook : Impact of Financial Crisis on Wind Energy Installations Globally – Analysis and Forecast

Thursday, June 3rd, 2010

Global Wind Energy Market Analysis and Forecasts to 2020 report ( http://www.bharatbook.com/Market-Research-Reports/Global-Wind-Energy-Market-Analysis-and-Forecasts.html ) gives details historical and current statistics relating to wind energy installed capacities and their growth scenarios until the year 2020. It also provides an analysis of the historical and forecast growth of installed capacity, and the market structure and regulatory policies that govern the worldâ??s key wind power countries. The report further includes information relating to the vital cost, technological, market, and research and development (R&D) trends on a global basis. It also analyzes the wind power deals that have taken place over the years and gives detailed profiles of the top five market players for each of the sub-sectors in the global wind energy industry.

The report facilitates market analysis and forecasting of future wind energy industry trends. It helps identifying growth segments and opportunities in the energy industry. The news and deals portfolio provided in the report helps an investor to gauge the global wind energy market and accordingly direct their investment.Of the available renewable energy sources, wind is the most established commercial generating technology with highly effectual and reliable equipment and machinery. It has experimental tremendous growth, with the total installed capacity augmenting from 23,900 MW in 2001 to over 121,013 MW in 2008, reflecting an once a year growth rate of 26% for the 2001-08 period.Once a year Wind Energy Installations to be Impacted by the Financial CrisisThe current financial crisis is severely affecting the growth of wind energy globally. The global wind energy industry is witnessing many cancellations of turbine orders, freezing up and sale of wind farms, and difficulties in securing financial aid for new projects. The worldwide once a year wind energy installations will trickle down by more than 15% in the years 2009 and 2010, as against the growth rate of 35% in the new installed capacity of 2008, according to the report. This will further result in a dip in the demand for wind turbines.Increasing Mergers and Acquisitions to be the Outcome of Financial CrisisWind farms are capital-gray projects with significant up-front investment that can be financed only by large utilities and investment groups. The critical fleeting-term challenge faced by most wind power developers is financing, particularly for under development projects. The fiscal downturn, ensuing in the failure of some of the worldâ??s largest investment banks, has led to an increase in the cost of capital for wind energy projects. Against this backdrop, only a few large wind power companies will be in a spot to pursue their project development plans. Shortage of financial resources with smaller players would give an opportunity to the huge giants to takeover or form alliances with such companies, so increasing the amount of consolidation in the wind energy industry.Declining Share of Europe in By Region Break-up of Wind Energy CapacityThough Europe is the leading region in terms of the current global cumulative wind energy installed capacity, its share in the worldâ??s wind energy industry has dropped from over 73% in 2001 to 61% in 2007 and 54% in 2008. This is mainly because of the relatively mature status of wind energy markets is many European countries. Also, the quicker rate of wind energy growth in the US, Plates, India and Canada is increasing the share of the North American and Asia-Pacific regions in the global wind energy industry.Contact us at:Bharat Book BureauTel: 91 22 27578668Fax: 91 22 27579131Email: info@bharatbook.comWebsite: www.bharatbook.comÂ