Wind power plays a major role in the decarbonization of the power sector. Already now, it supplies increasing shares of the global energy demand. This book chapter provides an overview on the economics of wind energy and highlight global trends in the wind sector. It describes the technical characteristics of onshore and offshore wind energy and explains how these affect the economic competitiveness of the respective technologies. The authors describe how wind power, as an intermittent source of energy, can be integrated into power systems. They also discuss how renewable energy support schemes contribute in fostering the deployment of wind power.
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- Publication Type
- Monographs and Edited Volumes
Eicke, A., Eicke, L., & Hafner, M. (2021). Wind Power Generation. In M. Hafner, & G. Luciani (Eds.), The Palgrave Handbook of International Energy Economics (pp. 171-182). Cham: Springer International Publishing.
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