Wind power is now cost competitive with coal power in many parts of the world, according to a new report by Bloomberg New Energy Finance.
Over the past few years, as demand for wind turbines has grown, manufacturers have lowered their prices, meaning the cost of wind power has fallen and will likely continue to remain competitive with fossil fuel power. The Bloomberg study says that last year the cost per megawatt for turbines hit $1.33 million, which is 17 percent less than in 2007.
In regions of Brazil, Mexico, Sweden and the U.S., wind power now costs $68/MWh and coal power costs $67/MWh. Natural gas remains cheapest at $56/MWh.
This is great news for the future of wind power generation. If it costs the same as or less than fossil fuels, more people will realize that the choice is obvious.
via Grist
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written by John Donnelly, February 08, 2011
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written by Ross, February 08, 2011
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written by Alex Schoenfeldt, February 09, 2011
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written by Taylor, February 09, 2011
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written by Mike, February 09, 2011
I predict that wind power will result in more coal production and at cheaper prices.
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written by Tom, February 11, 2011
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written by Penko Penev, February 14, 2011
But energy prices in general will go down after the initial payback period of investment.
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