Changing World of Energy

For over a century, our world has been powered primarily by carbon fuels. In recent years, concern about global warming and the harmful effects of fuel emissions has created new demand for cleaner and sustainable energy sources, like wind. In many areas around the globe, the energy market is also being driven by a dual new dynamic: deregulation and privatization. As more and more consumers choose who produces their power, the market for renewable resources is forecast to expand at an even greater pace.

Today, more than 39,000 megawatts of wind energy are installed throughout the world, and forecasts for wind power continue to be favorable with more than 83,000 cumulative megawatts predicted worldwide by 2007. With a cost of energy of approximately 3.5 to 4 cents per kilowatt hour and declining, wind is a low-cost renewable energy source that is less expensive than coal, oil, nuclear and most natural gas-fired generation, and is becoming attractive to utilities and electric cooperatives.

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