Investing in Energy: A Primer on the Economics of the Energy Industry

Wind Generation Energy

Wind-based electricity power generation is increasing in Europe, the United States, and Asia. European installations are at the forefront in terms of the largest wind farms generating the most significant amount of electricity. Like geothermal power generation, wind-based power generation doesn't work in every location. Certain terrains, weather patterns, and bodies of water are more conducive to producing winds substantial enough to spin turbines used to generate electricity.

Wind farms first began with land-based installations in 1970 in the United States. Since then, wind farms have grown markedly to augment many base-load power generation systems. In the United States, wind-based power generation is less than 1 percent ...