The winds of change in our energy consumption could still be light years awayWhen it comes to beating our oil addiction, more and more people believe the answer is blowing in the wind.
In the global conversation taking place around clean, renewable power, wind is the It source of the moment. No less than T. Boone Pickens, the legendary 80-year-old Texan who made billions in the oil industry, is betting it will provide the gushers of tomorrow. He's spending $10-billion to build the largest wind farm in the world.
As much as there's been lots of talk about wind addressing our energy needs in the future, that future would appear to be a long way off yet. Wind accounts for less than 1 per cent of the energy produced in Canada (Ontario is the wind-farm leader). The Canadian Wind Energy Association believes it can be 5 per cent by 2010.
The European Wind Energy Association is predicting that 28 per cent of the European Union's electrical consumption will be supplied by wind turbines by 2030; currently, it's about 3 per cent. In the U.S., they're talking about a target of 20 per cent in 20 years. Now, it's less than 1 per cent.
There's no shortage of people, including green enthusiasts, who believe the forecasts are wildly optimistic. While wind certainly offers us hope and will be a weapon in our collective fight for energy independence, it's also a technology that poses huge challenges.
A recent report in The New York Times suggests all is not well in the wind-power capital of the world - Denmark. The building of turbines there has slowed to a less-than-steady drip since government subsidies were cut back. The turbines at some of the country's offshore wind farms, meantime, have been damaged by storms and salt water. Fixing them has cost tens of millions of dollars, scaring off some companies looking at offshore projects themselves.
As the demand for wind power increases, the cost of turbines is getting pricier. According to The Wall Street Journal, turbine costs have risen by 74 per cent in the last three years alone. The few companies making them can't keep pace. The world's biggest turbine maker, Vestas of Denmark, has a $10-billion order book for its product.
There is no question that wind power will assume an expanded role in the ever-unfolding drama that is the world's energy dilemma. Even T. Boone Pickens can see that.
But in our lifetime it's not likely to be handed the leading part that many are predicting.