Power from the Oceans: Wind Energy Industries Are Growing, and as We Look for Alternative Power Sources, the Growth Potential Is through the Roof. Two Industry Watchers Take a Look at Generating Energy from Wind and Wave Action and the Potential to Alter the Energy Landscape

By Jones, Anthony T.; Westwood, Adam | The Futurist, January-February 2005 | Go to article overview

Power from the Oceans: Wind Energy Industries Are Growing, and as We Look for Alternative Power Sources, the Growth Potential Is through the Roof. Two Industry Watchers Take a Look at Generating Energy from Wind and Wave Action and the Potential to Alter the Energy Landscape


Jones, Anthony T., Westwood, Adam, The Futurist


The prospects for ocean-based renewable energy development look brighter all the time. Current and potential markets for offshore wind, wave energy, and tidal power are all expected to show considerable growth over the next five years.

[ILLUSTRATION OMITTED]

Offshore wind systems use turbines to generate electricity. Wave systems use floating rafts or devices fixed to the ocean floor and harness the energy generated from bobbing or pitching. Other wave-energy approaches include devices that use the rise and fall of water in a cylindrical shaft to generate electricity and shoreline devices that channel waves into reservoirs to concentrate wave power.

[ILLUSTRATION OMITTED]

Tidal-energy power traditionally involves erecting a dam across the opening to a tidal basin. The dam includes a sluice that is opened to allow the tide to flow into the basin. The sluice is then closed, and as the sea level drops, traditional hydropower technologies can be used to generate electricity from the elevated water in the basin.

An analysis of the potential market for offshore renewables shows a growing industry promising to supply energy for millions of people. For the entire sector, we project 5,800 megawatts (MW) of installed capacity between 2004 and 2008, of which 99% will be in the form of offshore wind farms. Because the wave and tidal-energy industries are younger and less well developed, it will take until at least 2010 for these industries to take off. During that period, we expect to see the value of the market increase by nearly $3 billion a year. Again, most of that will occur through offshore wind projects.

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

Offshore Wind

Currently, Europe is the only region in the world with any operational offshore wind capacity; it is expected to have 88% of the new capacity over the coming five years. European countries increased capacity more than fivefold in 2003 alone, with Germany and the United Kingdom leading the way. These countries will account for 66% of projected capital expenditures between 2004 and 2008, with Germany, buoyed by many large and expensive deepwater projects, dominating the market.

As technology improves, Europe can expect to achieve large strides in capacity using proportionally fewer turbines. Long-term signals are good for the U.K. market. Despite a very promising future forecast, an air of uncertainty hangs over Germany, which is dependent on large, technologically challenging projects. In Denmark, where a lack of government commitment is deterring potential developers and investors, only one project is scheduled for installation by 2008.

The North American market lags approximately five years behind Europe, but it is expected to increase capacity and become prominent in the market after 2007. Offshore wind has a potentially large market in North America, but it could easily fail before it gets a chance to take off. Success of early projects, particularly in the United States, is critically important in the face of uncertain planning regulations for offshore wind. In Canada, there are fewer immediate projects, but the long-term view is more positive. If the flagship Nai Kun project off Prince Rupert in British Columbia is successful, then it could be the first of many such wind farms.

The United States has considerable offshore wind potential, but regulation remains a source of concern. Cape Wind Associates' controversial project off the coast of Massachusetts is considered critical to the future of offshore wind in the United States. Its success or failure is likely to set a precedent for future developments in the country. If regulators approve this wind farm, new and existing players are likely to take advantage of the potential and generate many proposals for new projects. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Power from the Oceans: Wind Energy Industries Are Growing, and as We Look for Alternative Power Sources, the Growth Potential Is through the Roof. Two Industry Watchers Take a Look at Generating Energy from Wind and Wave Action and the Potential to Alter the Energy Landscape
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.