The world is suffering from the energy shortage and this is affecting the overall productivity of different sectors. The scrutiny of the alternatives needs to be done to increase the production of energy all around the world. The development of renewable energy sources such as wind power can help resolve the issue and the world is seemingly moving in a similar direction. It can be seen from the data from International Energy Agency (IEA), globally; a 77.6 GW new wind power plant has been installed bringing a total of 906 GW in 2022.
Countries like China, the USA, Japan, and India are consistently increasing their wind energy production infrastructure. China is moving towards expanding its energy supply by putting $546 billion into clean energy projects in 2022. India as well announced an investment of another $4.3 billion in 2023 to produce clean energy. The government of India is aiming to add 50 GW of renewable energy capacity annually until 2030 to reach the 500 GW renewable energy target.
Many more current developments are happening around wind energy production in the world, such as-
• UAE and Egypt advance the development of Africa's biggest wind farm and the project is valued at around $10 billion.
• With $135 billion in total assets, NextEra is indeed a leader in electricity generated from wind with this coverage.
• UK energy supplier Octopus Energy says it will invest $1.1 billion in the French green energy market over the next two years.
• A low-cost wind harvester created by Nanyang Technological University (NTU) researchers in Singapore can produce power at wind speeds as low as two meters per second.
• An innovative bladeless wind energy technology created by Aeromine Technologies is compatible with residential electricity and solar power systems.
However, these developments are not comforting enough to support rising global power needs and which is the need for custom research and development rise. Wind energy production will require technological interference to boost its production by lowering the cost of production. In these areas, some potential projects are ongoing and many research are being conducted such as-
• In 2022, of the total 900 GW of wind capacity installed, 93% was in onshore systems, with the remaining 7% in offshore wind farms.
• Offshore wind is at the early stage of expansion, with capacity present in just 20 countries.
• BP Plc. is going to invest $7.6 Billion in German offshore wind power.
• The U.S. Department of Energy (DOE) will be investing $26 million to support eight solar, wind, and storage demonstration projects.
• The world’s largest renewable energy park of 30 GW capacity solar-wind hybrid project is under installation in Gujarat, India.
• TotalEnergies are investing in different projects related to solar and wind renewable energy power to encourage the production of energy through renewable resources.
• Research suggests that by increasing wind turbine efficiency by 0.3%, an AI that forecasts changes in the wind may generate an additional 0.4% of electricity, which would be sufficient to power an entire nation.
In addition to these, the wind renewable energy market needs to develop faster and more efficiently to reduce the power supply issue worldwide. It can resolve the issue of the high cost of fossil fuels and is an environmentally sustainable alternative. Wind energy production companies and organizations should start aggressive custom research to increase their production globally.