Wind energy capacity is growing rapidly in the cold climates of the world. According to the latest forecasts, between 45 and 50 gigawatts of wind energy will be built in cold climates by 2017, which would mean an increase of as much as 72 per cent since the end of 2012 and investments amounting to approximately EUR 75 billion.
“This is a huge opportunity,” says Research Scientist Tomas Wallenius from VTT Technical Research Centre of Finland. “There has been a lot of talk about the potential of offshore wind power, but the market for cold climate wind energy is more than ten times greater. We already have the tools to harness the potential of cold climate wind energy cost-effectively, while offshore wind energy is still at the research and development stage.”