Introduction to Wind Energy

22 Pages Posted: 21 Oct 2008

See all articles by Andrea Larson

Andrea Larson

University of Virginia - Darden School of Business

Stephen Keach

University of Virginia - Darden School of Business

Giles Jackson

University of Virginia - Darden School of Business

Abstract

This note provides a technical and market overview of the wind power industry as of 2007. Growing off a small base, investments in wind energy technology and applications are rapidly expanding worldwide. Oil price increases, energy security, and renewable energy demand are driving investments and technology innovations as well as new entrants into the industry. As a consequence of component supply falling behind demand, prices have risen; state, federal, and international government policies will also have a significant impact on supply and demand in the years that follow.

Excerpt

UVA-ENT-0017

Rev. Mar. 30, 2011

INTRODUCTION TO WIND ENERGY

First, there is the power of the Wind, constantly exerted over the globe…. Here is an almost incalculable power at our disposal, yet how trifling the use we make of it! It only serves to turn a few mills, blow a few vessels across the ocean, and a few trivial ends besides. What a poor compliment do we pay to our indefatigable and energetic servant!

—Henry David Thoreau

In 2006, the world's highest wind turbine was built in Laasow, Germany. Installed on a 160m SeeBA tower, the Fuhrländer 2.5MW turbine, designed by Wind to Energy GmbH, delivers 7 million kilowatt-hours (kWh) per year—enough to power about 1,800 four-person households. Could wind energy, which currently meets barely 1% of the world's energy needs, become a major power source in the decades to come? This technical note describes the technology and economics of wind energy and explores some of the many forces driving the industry.

Introduction

Source: Wind to Energy GmbH (W2E)(http://www.wind-to-energy.de; accessed 10 October 2007).

. . .

Keywords: wind power, wind energy, wind, renewable energy, renewable, turbines, power, alternative, innovation

Suggested Citation

Larson, Andrea and Keach, Stephen and Jackson, Giles, Introduction to Wind Energy. Darden Case No. UVA-ENT-0017. Available at SSRN: https://ssrn.com/abstract=908788

Andrea Larson (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.darden.virginia.edu/faculty/larson.htm

Stephen Keach

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Giles Jackson

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

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