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Wind Power, Business and Industry Trends Analysis

Mankind has utilized wind as a form of energy ever since the first sail was hoisted on a crudely built boat thousands of years ago. In the 12^th century, it was used to power the first windmills. It is only natural that wind would eventually be viewed as an attractive means of generating electricity.

Today, wind turbine manufacturers have continually enhanced technology. As a result, wind turbines are much taller than before, with vastly wider blade spans. Modern wind turbines have extremely high output and are less costly to maintain for a given amount of generation than their recent predecessors. New models also have much less downtime due to breakdowns. As a result, wind turbine farm development has become more effective, both economically and in terms of total power created. Analysts at Lazard reported that the cost of generating one kilowatt-hour of wind power fell from 13.5 cents in 2009 to 3.3 cents in 2021 (before government tax credits).

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