Sunday 7 August 2011

The Wind Farm Developer

The potential fuel crisis that may occur as a result of unrestricted use of the limited supply of fossil fuels constantly hangs over modern society like a spectre and unless we find alternative, renewable sources of energy in the very near future, current energy sources and fossil fuel deposits will be depleted, meaning that human development may very well come to a standstill. However, nowadays society is also greatly concerned with the threat of global warming, a problem exacerbated by the use of traditional fossil fuels which produce high levels of carbon dioxide (such as petrol and oil) and so it is important to find a source of energy which, apart from being renewable, is also environmentally friendly.

 In an effort to promote the use of such renewable energy sources, the British Government has set targets dictating that by 2020, 15% of the United Kingdom’s energy needs is to be met by renewable energy sources. This can be achieved by increasing the use of technology which can generate power with minimal damage to the environment such as solar power, Hydro Electric Power and of course Wind Power.

 The most common means of generating wind power is the use of wind turbines. In basic terms, these turbines work the opposite way to a fan, meaning that the wind turns the blades, which in turn spin a shaft which itself is connected to a generator which generates electricity. This electricity is then sent through transmission and distribution lines to homes, schools and businesses etc. Larger versions of these turbines (which have the possibility of generating several megawatts of energy each) can be grouped together into wind farms which can then provide bulk power to the electrical grid.

 Apart from the benefits to the environment that would be gained from constructing wind farms, they may also present an opportunity to generate a steady stream of income. This can be achieved by investing in the construction of a wind farm (with the likelihood of good returns backed by the ‘feed in tariffs’ introduced by the Government in April 2010 and which are guaranteed for the next twenty years) or by leasing land for development, typically lasting twenty years, which would provide a steady stream of income without any outgoings. For anyone wishing to invest or lease their land, there are several companies which can design, develop and manage investments in any project involving the construction of renewable energy-producing equipment such as wind turbines

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