Wind energy is experiencing a boom, but in a pattern eerily reminiscent of the nineteenth century Pennsylvania oil boom, wind farms are building ever larger turbines to farm wind energy further and further from shore. This trend carries risks, especially as turbines come with largely hidden costs.
Increasing evidence suggests that although larger turbines can capture more energy, at a certain point the costs of maintaining and decommissioning large turbines located far offshore will outweigh the benefits of that energy capture. If wind farm operators are to avoid creating an environmental and economic disaster in the longer term, they need to begin factoring realistic maintenance and decommissioning costs into their projections.
when Edwin Drake struck oil, thereby marking the inception of America’s oil industry. With an initial depth of 69.5 feet , Drake’s well set the stage for an unprecedented era of economic prosperity.is a professor of operations management at HEC Paris and holds the CMA CGM chair on sustainability and supply chain analytics.is a professor of technology and operations management and the Bianca and James Pitt Chair in Environmental Sustainability at INSEAD.
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