Wind Power Shedding the ‘Alternative’

In a speech at the opening day of the annual international oil and gas industry conference “Fuelling the World Economy,” the Chief Executive of the European Wind Energy Association (EWEA) said that wind power is an established mainstream energy source alongside oil and gas that will transform the entire energy sector and should no longer be regarded as alternative.

London, England – February 18, 2003 [] “Wind power is a multi-billion Euro business sector with a 35 percent annual growth in the last five years and this has propelled us into the mainstream energy business. The alternative tag for wind power should be ditched – it is old fashioned and out of date. What happens next will be influenced by the players in this sector more than ever before and this is one reason why we need to increase our dialogue and involvement with the ‘traditional’ energy sector – because we’re part of it,” said EWEA Chief Executive Corin Millais. The Challenge of meeting energy supply demands is the theme of the Institute of Petroleum Week from February 17-20 in London. The week attracts 2,500 – 3,000 attendees and is dubbed “the focal annual meeting of international oil and gas industry professionals.” “The wind sector has the potential to be a €25 billion annual industry in less than seven years; wind technology doesn’t just generate billions of kilowatt hours, it is also generating a deep and sustained transformation across the energy sector,” said Millais “The wind turbine will have as profound an impact on the energy map as the oilrig does today. It is important for the wind industry that we are proactive, and engaged in broader energy issues. This change will create a raft of positive and negative impacts.” Corin Millais delivered a speech entitled “Wind Power; the New Global Energy Source” on the opening day of the conference. In his speech he outlined that wind power contributes to diversification, opens new markets, provides a hedge against fuel price volatility and reduces environmental constraints. The wind power sector today is actively engaging in energy markets, largely in electricity. Companies in the energy business will need a comprehensive analysis of wind power, and this can run the spectrum from competition, to co-existence to collaboration. Wind power provides real business change, rather than superficial PR that sustains the status quo. The wind industry is a dynamic growth sector that requires significant investment, so inter-relationships with traditional energy players will become more evident, according to his remarks. Access: EWEA
Previous articleStirling-Cycle Engine Program Launched
Next articleUK Renewables Targets Lowered?

No posts to display