Wind energy, which is a pollution-free, infinitely sustainable form of energy, is being explored more by China WindPower Group and Duke Energy Corporation jointly, in a move expected to lead to a development of wind – power plants which cost approximately $65 billion. The aim is to decrease the dependence of utilities on fossil fuels.

The steps to utilize wind power energy have come amid the estimates by Bloomberg New Energy Finance which expects that the percentage increase in global installation of wind turbines would amount to 9 percent.

There is an increase in investment in turbines by the big corporate energy utilities because of the fear of the application of stringent rules by the Government to protect the environment from the carbon dioxide being emitted from the gas-fired plants. The cost of investment in wind turbines is gradually being lowered down due to the high stimulus issued by the Government. The prices of the wind turbines have declined by 15 percent.

Another factor which contributes to the shift towards the renewable-energy is the failure of the Copenhagen summit. The Chief Financial Officer of Ecolutions GmbH said, “Wind is relatively easy to install in big packets and then scale up”.

Wind will probably reach grid parity and be able to compete with fossil fuels without subsidies within four years, she said. Ecolutions invests in renewable-energy projects in Europe and Asia.