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CHAPTER 3
WIND POWER PLANT
CHAPTER 3
WIND POWER GENERATION
In 2021, wind supplied over 1800 TWh of electricity, which was over
6% of world electricity and about 2% of world energy. With about 100
GW added during 2021, mostly in China and the United States, global
installed wind power capacity exceeded 800 GW. To help meet the
Paris Agreement goals to limit climate change, analysts say it should
expand much faster - by over 1% of electricity generation per year.
Capacity factor
Energy storage
Typically, conventional hydroelectricity complements wind power very
well. When the wind is blowing strongly, nearby hydroelectric stations
can temporarily hold back their water. When the wind drops, they can,
provided they have the generation capacity, rapidly increase
production to compensate. This gives a very even overall power
supply and virtually no loss of energy and uses no more water.
Wind power is capital intensive but has no fuel costs. The price of wind
power is therefore much more stable than the volatile prices of fossil
fuel sources. However, the estimated average cost per unit of electric
power must incorporate the cost of construction of the turbine and
transmission facilities, borrowed funds, return to investors (including
the cost of risk), estimated annual production, and other components,
averaged over the projected useful life of the equipment, which may be
more than 20 years. Energy cost estimates are highly dependent on
these assumptions so published cost figures can differ substantially.