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Wind Energy is the worldâs fastest growing renewable energy source. The trend is expected to continue with falling costs of technology, energy security concerns and the need to address environmental issues. The UK is particularly suited to harnessing wind for electricity. It is the windiest area of Europe and is estimated to benefit from approximately 40% of Europeâs wind resource. The installed UK onshore wind capacity has surpassed 7,000MW in 2014 and continues to grow (Source: RenewableUK Wind Energy Database (UKWED)).
The bad news is that the majority of renewable energy is hydropower, which is not an exponentially improving technology. The good news is that solar energy is an exponentially improving technology, growing 30% a year in the US. If this continues, solar installations, which just hit one million in Q1 2015, will account for virtually 100% of US electricity production, according to Stanford's Tony Seba.