How can power generation companies participate in wind power

Why are wind power companies specific in production of electricity?

Wind power companies are specific in production of electricity primarily because they do not cause the cost of energy resource or fuel and require a minimal (or not at all) labour force in electricity generation from wind power.

What role do wind energy companies play in the energy transition?

Energy Transition. They play a pivotal role in the transition towards a more sustainable and renewable energy-driven economy. In conclusion, wind energy companies are at the forefront of the global shift toward sustainable energy sources.

Why is wind energy important?

As a significant and prospective form of renewable energy sources in electricity generation, wind energy is an important in highly developed countries. For example, Denmark targets to integrate 50% of electricity from wind energy by 2020 . Nowadays, one of the most important companies' issues is performance evaluation.

How can we maximise on excess wind energy?

There are a number of ways that we can maximise on excess wind energy: In order for homes and businesses to use cleaner, greener energy, more renewables – such as wind power and solar power – will need to be connected to the electricity grid.

How can wind power companies improve their efficiency?

In addition to the relative efficiency results of each wind power company, by means of projections on the efficiency frontier, sources and amounts of relative inefficiency were determined, which represent potential improvements for all inefficient wind power companies.

How does wind energy work?

The kinetic energy of the wind is originally transformed into mechanical energy and then into electrical energy. Once electricity is produced, it has to be delivered to the electrical grid to be transferred to the consumers and have a useable value. The second output included in the model is EBITDA.