IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2020-06-10.html

Wind Power: Current State and Perspectives

Author

Listed:
  • Vladimir Yu. Linnik

    (State University of Management, Moscow, Ryazansky pr., 99, Russian Federation)

  • E. Yu. Voronova

    (Shakhty Automobile and Road Construction Institute (Branch) of Platov SRSPU (NPI), Lenin Square, 1, Shakhty, Rostov region, Russian Federation)

  • Larisa V. Pavlyuk

    (State University of Management, Russian Federation, Moscow, Ryazansky pr., 99, Russia)

  • Alexey Zich

    (Energy Efficiency Consultant, MS QF GmbH, Oderwitz, Germany)

Abstract

Due to the depletion of resources for traditional energy, as well as due to the gradual abandonment of nuclear power in a number of countries, the world pays great attention to energy conservation and energy efficiency, one of the main sources of which is renewable energy, which includes wind energy. Wind power is the most developed renewable energy industry (excluding hydro), which affects its economic characteristics. Thus, onshore wind power plants are characterized by one of the lowest indicators of the cost of electricity production among alternative types of generation. However, offshore wind power plants are still inferior to some types of renewable energy sources and are twice the level of traditional thermal power plants. In this article, the authors consider the state and prospects of development of the world wind energy. The distribution of installed capacity of wind power plants by regions of the world is analyzed and the shares of countries in the total installed capacity are determined. The leading countries were identified as well as the reasons for the rapid growth of wind generation in these countries along with the measures of state support. The state and prospects of wind power development in Russia are considered, and it is also noted that the Russian Federation has significant potential in the field of wind power development, which makes it possible to make optimistic forecasts regarding the provision of electricity to remote areas of Russia. The technical electric power potential of wind energy is about 17.1 TW/year, which is an order of magnitude higher than the amount of electricity generated by all power plants in the country in 2018. The scientific increment is to identify the key problems facing the domestic wind power industry.

Suggested Citation

  • Vladimir Yu. Linnik & E. Yu. Voronova & Larisa V. Pavlyuk & Alexey Zich, 2020. "Wind Power: Current State and Perspectives," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 75-79.
    • Handle: RePEc:eco:journ2:2020-06-10
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/9938/5421
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/9938/5421
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Simão, H.P. & Powell, W.B. & Archer, C.L. & Kempton, W., 2017. "The challenge of integrating offshore wind power in the U.S. electric grid. Part II: Simulation of electricity market operations," Renewable Energy, Elsevier, vol. 103(C), pages 418-431.
    2. KC, Anup & Whale, Jonathan & Urmee, Tania, 2019. "Urban wind conditions and small wind turbines in the built environment: A review," Renewable Energy, Elsevier, vol. 131(C), pages 268-283.
    3. Zhang, Pan, 2019. "Do energy intensity targets matter for wind energy development? Identifying their heterogeneous effects in Chinese provinces with different wind resources," Renewable Energy, Elsevier, vol. 139(C), pages 968-975.
    4. Gillenwater, Michael & Lu, Xi & Fischlein, Miriam, 2014. "Additionality of wind energy investments in the U.S. voluntary green power market," Renewable Energy, Elsevier, vol. 63(C), pages 452-457.
    5. Lema, Adrian & Ruby, Kristian, 2007. "Between fragmented authoritarianism and policy coordination: Creating a Chinese market for wind energy," Energy Policy, Elsevier, vol. 35(7), pages 3879-3890, July.
    6. Ketterer, Janina C., 2014. "The impact of wind power generation on the electricity price in Germany," Energy Economics, Elsevier, vol. 44(C), pages 270-280.
    7. Lyons, Selina & Whale, Jonathan & Wood, Justin, 2018. "Wind power variations during storms and their impact on balancing generators and carbon emissions in the Australian National Electricity Market," Renewable Energy, Elsevier, vol. 118(C), pages 1052-1063.
    8. Okazaki, Toru & Shirai, Yasuyuki & Nakamura, Taketsune, 2015. "Concept study of wind power utilizing direct thermal energy conversion and thermal energy storage," Renewable Energy, Elsevier, vol. 83(C), pages 332-338.
    9. Sugimoto, Kota, 2019. "Does transmission unbundling increase wind power generation in the United States?," Energy Policy, Elsevier, vol. 125(C), pages 307-316.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. F. Durante & A. Gatto & F. Ravazzolo, 2024. "Understanding relationships with the Aggregate Zonal Imbalance using copulas," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 33(2), pages 513-554, April.
    2. Angelica Gianfreda & Francesco Ravazzolo & Luca Rossini, 2023. "Large Time‐Varying Volatility Models for Hourly Electricity Prices," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(3), pages 545-573, June.
    3. Durmaz, Tunç, 2016. "Precautionary Storage in Electricity Markets," Discussion Papers 2016/5, Norwegian School of Economics, Department of Business and Management Science.
    4. Pedro, Hugo T.C. & Lim, Edwin & Coimbra, Carlos F.M., 2018. "A database infrastructure to implement real-time solar and wind power generation intra-hour forecasts," Renewable Energy, Elsevier, vol. 123(C), pages 513-525.
    5. Olukunle O. Owolabi & Kathryn Lawson & Sanhita Sengupta & Yingsi Huang & Lan Wang & Chaopeng Shen & Mila Getmansky Sherman & Deborah A. Sunter, 2022. "A Robust Statistical Analysis of the Role of Hydropower on the System Electricity Price and Price Volatility," Papers 2203.02089, arXiv.org.
    6. Marchetti, Isabella & Rego, Erik Eduardo, 2022. "The impact of hourly pricing for renewable generation projects in Brazil," Renewable Energy, Elsevier, vol. 189(C), pages 601-617.
    7. Billé, Anna Gloria & Gianfreda, Angelica & Del Grosso, Filippo & Ravazzolo, Francesco, 2023. "Forecasting electricity prices with expert, linear, and nonlinear models," International Journal of Forecasting, Elsevier, vol. 39(2), pages 570-586.
    8. Pan Zhang & Zhiguo Wang, 2019. "PM 2.5 Concentrations and Subjective Well-Being: Longitudinal Evidence from Aggregated Panel Data from Chinese Provinces," IJERPH, MDPI, vol. 16(7), pages 1-13, March.
    9. Manuel Frondel & Stephan Sommer & Colin Vance, 2015. "The burden of Germanyùs energy transition: An empirical analysis of distributional effects," Economic Analysis and Policy, Elsevier, vol. 45(c), pages 89-99.
    10. Thao Pham & Killian Lemoine, 2020. "Impacts of subsidized renewable electricity generation on spot market prices in Germany : Evidence from a GARCH model with panel data," Working Papers hal-02568268, HAL.
    11. Alexander Vallejo Díaz & Idalberto Herrera Moya & Edwin Garabitos Lara & Cándida K. Casilla Victorino, 2024. "Assessment of Urban Wind Potential and the Stakeholders Involved in Energy Decision-Making," Sustainability, MDPI, vol. 16(4), pages 1-20, February.
    12. Edgar Geovanni Mora-Jacobo & Javier Tovar-Facio & José María Ponce-Ortega, 2024. "Optimal planning for power systems considering the interconnections between isolated regions," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 8859-8891, April.
    13. Kruyt, Bert & Lehning, Michael & Kahl, Annelen, 2017. "Potential contributions of wind power to a stable and highly renewable Swiss power supply," Applied Energy, Elsevier, vol. 192(C), pages 1-11.
    14. repec:dui:wpaper:1504 is not listed on IDEAS
    15. Goodarzi, Shadi & Perera, H. Niles & Bunn, Derek, 2019. "The impact of renewable energy forecast errors on imbalance volumes and electricity spot prices," Energy Policy, Elsevier, vol. 134(C).
    16. Christopher Kath & Florian Ziel, 2018. "The value of forecasts: Quantifying the economic gains of accurate quarter-hourly electricity price forecasts," Papers 1811.08604, arXiv.org.
    17. Chen, Hao & Cui, Jian & Song, Feng & Jiang, Zhigao, 2022. "Evaluating the impacts of reforming and integrating China's electricity sector," Energy Economics, Elsevier, vol. 108(C).
    18. Petter Osmundsen & Magne Emhjellen-Stendal & Sindre Lorentzen, 2024. "Oil Company Investment in Offshore Windfarms: A Business Case," The Energy Journal, , vol. 45(2), pages 111-136, March.
    19. Lyu, Chenyan & Do, Hung Xuan & Nepal, Rabindra & Jamasb, Tooraj, 2024. "Volatility spillovers and carbon price in the Nordic wholesale electricity markets," Energy Economics, Elsevier, vol. 134(C).
    20. David Newbery, 2023. "High renewable electricity penetration: marginal curtailment and market failure under "subsidy-free" entry," Working Papers EPRG2319, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    21. Shi Chen & Wolfgang Karl Hardle & Brenda L'opez Cabrera, 2020. "Regularization Approach for Network Modeling of German Power Derivative Market," Papers 2009.09739, arXiv.org.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2020-06-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.