Abstract:
The energy produced from natural resources is green energy. Sunlight, rain, tides,
geothermal heat and natural wind are the examples of natural capital. Wind power is
a renewable source of energy and very economical if it is applied correctly. The
substitution of traditional sources may be a successful substitute. The traditional
energy sources, including hydrocarbon fuel, are the traditional ones used today.
In terms of energy supply worldwide, renewable technologies such as wind and solar
energy play a growing role. That is because global electricity demand is growing and
the usage of nuclear and conventional energy supplies including coal and oil is
deemed insecure or contributes to huge amounts of CO2 emissions. This pattern is
ongoing.
In the world of renewable energies, wind is a major player. In recent years the capacity
for the generation of wind energy has been greatly increased. For eg, wind energy
generation capacities in Europe have doubled between 2005 and 2007. However, the
output rate of wind energy is difficult to forecast since the environmental conditions in
the wind farm are theoretically unpredictable. Wind speed, in particular, is vital to windbased electricity generation and can differ dramatically over time. Energy supplies are
involved in precision forecasts because overproduction can be avoided by managing
the joint production of conventional power plants and weather-based energy sources.
