Wind power overtakes nuclear power

Wind energy is one of the world’s booming industries and globally the power capacity of wind power stations has overtaken the power capacity of nuclear power stations. However, wind parks only produce electricity when there is enough wind and a look at the share price makes it clear that all in all, there is still nearly four times the amount of nuclear power being produced. Nevertheless there is little doubt that wind energy will be a future method to generate electricity, whereas nuclear power is losing its status in many countries. For example, Europe and the USA are both investing a lot to get away from nuclear power technology which is perceived as risky. Although China and other emerging markets are still building new nuclear power stations, they are simultaneously focusing on building and developing renewable technologies as well. The author points out that wind engines are among the cheapest methods of energy production. German producers and suppliers will benefit a lot from the increasing market.

Wind power overtakes nuclear power

Wind energy is one of the world’s booming industries and globally the power capacity of wind power stations has overtaken the power capacity of nuclear power stations. However, wind parks only produce electricity when there is enough wind and a look at the share price makes it clear that all in all, there is still nearly four times the amount of nuclear power being produced. Nevertheless there is little doubt that wind energy will be a future method to generate electricity, whereas nuclear power is losing its status in many countries. For example, Europe and the USA are both investing a lot to get away from nuclear power technology which is perceived as risky. Although China and other emerging markets are still building new nuclear power stations, they are simultaneously focusing on building and developing renewable technologies as well. The author points out that wind engines are among the cheapest methods of energy production. German producers and suppliers will benefit a lot from the increasing market.