Wind power is widely known as a powerful renewable energy source and, when compared to other alternative fuel sources in the last few years, it is the one source that appears to have benefited most from the current trend of rising oil prices. Further additions to wind power capacity shot up by almost 30,000 mega-watts in 2008/9 compared to only 20,000 in 2007/8. Indeed, the general fortunes of the wind power sector have been steadily encouraging throughout the past decade, with capacity traveling in a steadily upward direction.
The main countries leading the rest of the world in the usage of the incredible volte-face in regards to the development of the wind energy sector are energy-deprived BRIC countries like India and China. Indeed, China added more than 6,300 mega-watts of wind energy during 2008/9, with India also boosting its capacity by almost 2,000 mega-watts, making China and India, respectively, the 2nd and 3rd biggest investors in the sector. By comparison, however, the other BRIC countries, Brazil and Russia have lagged far behind up to this point.
The global rankings of wind energy producers saw something of a reshuffling in the past two years from 2008, with the US emerging as a global leader,pushing Germany into second place. The US, having added around 8,000 mega-watts of wind energy capacity up to 2009, increased its total wind energy capacity to over25,000 mega-watts. Germany, despite also seeing growth and expansion, could not match the steep upward curve of US expansion.
Despite these recent trends, however, Europe is still considered to be the guardian and home front of wind energy development and usage. Due to the fact that wind energy is used widely across all European nations, the capacity for wind-driven power in the region means that it matches the levels seen in Asia and North America on a regular basis.
The year 2009 also saw the emergence of some exciting new wind power projects around the world, signifying a bright future for the sector. The Department of Energy (DOE) has overseen the construction of six new projects in the Philippines, including wind energy resource projects in Nasurot, Pagudpud, and Ilocis Norte. The countries Renewable Energy Bill has certainly stimulating interest and attracted investment in the sector, stimulating and encouraging such projects. This has been particularly helpful for many people over this past year as wind energy has been directly responsible for creating many jobs in the recession due to its widely increasing popularity, a feat that many other industries could not boast thought 2009.
The country is hoping to have over 200 mega-watts produced by wind power projects across the country, signaling possible investments of over $500 million. Studies conducted by the WWF suggest that the countries potential wind power capacity might well exceed 7,000 mega-watts over the more than 1,000 sites surveyed nationwide. All of this point to a bright future for the wind energy sector, and the companies involved in new projects all have decent track records throughout Asia and Europe with regards to sustainable energy production.
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