Winning prices in Germany’s third onshore wind power auction this year rose to an average of €61.6/MWh. This is up from the previous auction in May, where the average price came in at €57.3/MWh. This latest auction had only marginally more bids than the volumes on offer. The German Federal Network Agency, BNetzA, reported 91 … Continue reading German onshore wind energy auction clears at €61.6/MWh
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Latest German onshore wind energy auction results come in at €57/MWh
Bid prices in Germany’s latest onshore wind round rose to an average of €57.3/MWh following an auction that was under-subscribed. According to the German Federal Network Agency, BNetzA, 604 MW of wind capacity across 111 bids entered the second German onshore wind auction this year. This was less than the 670 MW that was on … Continue reading Latest German onshore wind energy auction results come in at €57/MWh
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Cost-competitiveness puts wind energy in front
Today wind power is the most competitively priced technology in many if not most markets worldwide. The emergence of wind/solar hybrids, more sophisticated grid management and increasingly affordable storage begin to paint a picture of what a fully commercial fossil-free power sector will look like. The Global Wind Energy Council (GWEC) released its Global Wind … Continue reading Cost-competitiveness puts wind energy in front
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Ultra low-cost wind energy project will save utility customers money
It’s not often we celebrate something happening at NorthWestern Energy. However, there were two recent renewable energy developments at the utility in the last two weeks that deserve recognition — both in terms of recognizing the larger benefits of renewables over fossil fuels like coal and gas, and in reducing energy costs. In short, while … Continue reading Ultra low-cost wind energy project will save utility customers money
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Costs fall in French onshore wind energy tender
Costs have fallen in the latest French onshore wind tender, according to the results released by the French Government. 22 projects totalling 508 MW have won the tender. They won on price alone. The weighted average winning price was €65 MW/h. This was lower than the current tariff for smaller projects (€72 MW/h) and the … Continue reading Costs fall in French onshore wind energy tender
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Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020
The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA). The report also highlights that solar PV costs are expected to halve by … Continue reading Onshore Wind Power Now as Affordable as Any Other Source, Solar to Halve by 2020
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India’s wind energy tariff drops to all-time low
India’s wind power tariff has dropped to an all-time low of Rs 2.64 per unit, primarily due to a sharp fall in the cost of wind turbine generators as India moves from a feed-in tariff regime to tariff-based competitive auctions in the wind power sector. In an auction conducted by state-run Solar Energy Corp. … Continue reading India’s wind energy tariff drops to all-time low
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Renewables will increasingly challenge fossil fuels on cost
Renewables will increasingly challenge fossil fuels on cost. Green power outlook presented by Bloomberg New Energy Finance. The cost of renewables is plunging faster than forecasters anticipated just a few years ago as as technologies like gigantic wind turbines arrive on the market. That’s the conclusion of Bloomberg New Energy Finance, whose founder Michael Liebreich … Continue reading Renewables will increasingly challenge fossil fuels on cost
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Wind power costs: another 50 percent reduction possible by 2030
Fresh off the first-ever American Wind Week, the Department of Energy (DOE) National Renewable Energy Laboratory (NREL) released a new report finding wind energy cost reductions of 50 percent are possible by 2030. That’s on top of the 66 percent cost reduction since 2009. Envisioning the wind plant of the near-future – a ‘collection of … Continue reading Wind power costs: another 50 percent reduction possible by 2030
Continue readingDOE reports find wind energy is more affordable than ever
Wind energy costs are lower than ever, with steady advances in technology and better wind turbine performance, according to three new reports released by the U.S. Department of Energy (DOE). New DOE reports include the “2016 Wind Technologies Market Report,” the “2016 Offshore Wind Technologies Market Report,” and the “2016 Distributed Wind Market Report.” “The … Continue reading DOE reports find wind energy is more affordable than ever
Continue reading2016 Wind Power Technologies Market Report
Wind power capacity in the United States experienced strong growth in 2016. Recent and projected near-term growth is supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as a myriad of state-level policies. Wind additions have also been driven by improvements in the cost and performance of wind power technologies, yielding low … Continue reading 2016 Wind Power Technologies Market Report
Continue readingWind energy has become historically low-cost
Talk about good timing: Building on our first-ever American Wind Week, the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (LBNL) released its annual Wind Technologies Market Report today. LBNL’s findings confirm that U.S. wind energy costs continue to fall, technology continues to advance and performance continues to improve. This has helped the wind industry … Continue reading Wind energy has become historically low-cost
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Record-Breaking Cost Reduction for Concentrated Solar Power Generation
The Dubai Electricity and Water Authority (DEWA) announced on 4 June the prices offered from four consortia for the 200-MW fourth phase of the Mohammed bin Rashid Al Maktoum solar park. The lowest bid for the Solar Thermal Electricity (STE) project came in at 9.45 US cents/kWh (approx. 8.4 €cts/kWh). Participating consortia were [ACWA Power … Continue reading Record-Breaking Cost Reduction for Concentrated Solar Power Generation
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On the economics of wind energy and solar power
November’s COP22 climate summit of Marrakech gave climate policy fresh tailwind, after the blow of Donald Trump’s election. Even without a strong global treaty, national climate policies are multiplying?—?at least a certain type of policies. While the policy that economists often recommend?—?putting a price on greenhouse gas emissions?—?remains patchy, as a recent Worldbank report shows, … Continue reading On the economics of wind energy and solar power
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Offshore wind energy industry steams ahead with cost reduction
The Netherlands’ Minister of Economic Affairs has today awarded the consortium made up of Shell, Van Oord, Eneco and Mitsubishi/DGE the concession to build the offshore wind farms Borssele III and IV (700 MW). The winning bid came in at € 54.5/MWh excluding the cost of grid connection. This is 25% lower than for Borssele … Continue reading Offshore wind energy industry steams ahead with cost reduction
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Experts anticipate significant continued reductions in wind energy costs
Technology advancements are expected to continue to drive down the cost of wind energy, according to a survey of the world’s foremost wind power experts led by Lawrence Berkeley National Laboratory (Berkeley Lab). Experts anticipate cost reductions of 24%-30% by 2030 and 35%-41% by 2050, under a median or ‘best guess’ scenario, driven by bigger … Continue reading Experts anticipate significant continued reductions in wind energy costs
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Just how much lower can wind power costs drop?
If you’ve been doing your homework, then by now you should know that wind power in the U.S. is on sale. Thanks to performance-based tax policy (the bipartisan-supported Production Tax Credit) attracting new investment and driving innovation, wind power’s costs dropped by two-thirds over just six years. Now you can start studying for your next … Continue reading Just how much lower can wind power costs drop?
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European wind energy is now cheaper than nuclear power
Wind energy has officially overtaken nuclear power as the most affordable energy option – at least in countries surrounding the North Sea. In nearby European nations, the cost of wind is now 30 percent lower than nuclear, a promising development in the push for renewable energy around the world. At the rate of present installations, … Continue reading European wind energy is now cheaper than nuclear power
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Siemens presents cost out strategy for offshore wind energy by 2025
In early June, 2016, eleven members of the wind industry association Wind Europe issued a joined declaration containing the target of making offshore wind energy more cost competitive with conventional power generation within the coming years. At the Global Offshore Wind 2016 conference and exhibition in Manchester, England, Siemens as one of the first companies … Continue reading Siemens presents cost out strategy for offshore wind energy by 2025
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Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025
The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA). The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per … Continue reading Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025
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