As Energy Digital’s sister site Business Review Australia recently wrote, the Australian government put an end to its $10 billion renewable energy fund to invest in the industry. Aussie wind farming has reached a large hurdle and has made it more difficult than ever for wind developers to do business.
The Clean Energy Finance Corporation (CEFC) was recently terminated by Aussie Prime Minister Tony Abbott in an attempt to reduce the pressure on power prices to keep it as low as possible. This also includes solar power technology such as rooftop panels that generate up to 100 kilowatts of power.
RELATED TOPIC: [INFOGRAPHIC] The wonderful world of wind energy
Some of the drawbacks to wind farms include loud noise, possible threat to wildlife and unpredictability of when and where large amounts of wind will strike. Also, the best wind sites are usually located in isolated areas and far from the major cities where electricity is needed most.
Although some agree with the need to crackdown on wind power, many still support the idea.
Wind energy is among the fastest-growing energy sources in the world due to its several advantages. It’s a clean, sustainable form of energy that doesn’t emit pollution and is able to be harnessed as long as the sun shines and the wind blows.
RELATED TOPIC: Top 10 States Using Wind Power for Electricity
With a large amount of money, environmental benefits and jobs tied to wind energy, it appears Australia is one of the few nations around the globe that isn’t fully embracing the opportunity.
In addition, wind power is also one of the cheapest renewable energy technologies. Depending on the wind source and the financing of a particular project, wind energy cost between four and six center per kilowatt-hour. Recent reports have also revealed wind energy is the cheapest energy source for reducing carbon emissions.
The United States leads the world in wind energy use and is applying it now more than ever before, as the country looks to free itself from dependence on foreign oil. India is second with about five percent of its energy being supplied by wind power generation, and that percentage continues to increase every year.
RELATED TOPIC: Top 10 Offshore Wind Farms in the World
Meanwhile, Germany ranks third and is the top country in green energy. As Energy Digital previously wrote in its Top 10 wind turbine suppliers, the German companies Enercon and Siemens are third and fourth respectively behind Vestas (Denmark) and Goldwind (China).
Advances in technology have allowed the world to transition to clean energy without having a complete drop off in reliability or affordability. Mixing wind energy into the electricity industry can help both the environment as well as consumers’ pockets.