From being a secondary energy stream to competing with conventional mainstream energy sources, wind energy has come a long way in evolving as one of the most technologically matured, economically viable and reliable option among the available renewable energy sources, thanks to the larger and more efficient wind turbines available in the market currently.
Wind energy has achieved grid parity in most global markets now, as the industry has adopted a technology evolution approach wherein the present day wind turbines are capable of capturing more energy from the wind compared to the older turbines, which has resulted in significant reduction of 'Levelised Cost of Energy'.