Tag Archives: cost

Wind energy will be cheapest electricity generating technology by 2020

Wind power will be at the centre of Europe’s power needs, meeting 50% of electricity demand by 2050, Robert Clover from MAKE Consulting said today. Moreover, “after 2020 wind is the cheapest technology, it is scaleable and it has minimal water requirements,” he added. Speaking at EWEA’s 2013 Annual Event in Vienna, Clover said onshore … Continue reading Wind energy will be cheapest electricity generating technology by 2020

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Bringing Down the Cost of Small Wind Turbines

How do we stay competitive in the global wind energy market? A key component is continued leadership in manufacturing small wind turbines – those rated at 100 kilowatts or less. Historically, the United States has been the leading manufacturer of small wind turbines – helping to boost economic growth and create job opportunities. U.S. small … Continue reading Bringing Down the Cost of Small Wind Turbines

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Onshore wind energy is already cost competitive with coal and gas, and it is much cheaper than nuclear power

The cost of energy is a topic high up on the media agenda but it is a thorny issue complicated by all the different variables and methods used to calculate the cost of energy. One commonly used method is the “levelised cost of energy” (LCOE), which is, in simple terms, the lifetime cost of an … Continue reading Onshore wind energy is already cost competitive with coal and gas, and it is much cheaper than nuclear power

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Renewable power costs continue to fall

Renewable energy has become the most cost-effective way to generate electric power for hundreds of millions of people worldwide who are not on the grid, a new IRENA policy brief reveals. Renewable energy has also become the least-cost option for extending grid supply in areas with suitable resources, such as sun and wind. The findings … Continue reading Renewable power costs continue to fall

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Wind Power’s Operating and Maintenance Costs Plunge

Operation and maintenance costs for the wind energy sector fell 38 percent from 2008 to 2011, Bloomberg New Energy Finance reports. If this keeps up, the wind power industry might not need the embattled production tax credit for very much longer. Which, come to think of it, is the stated point of the subsidy: to provide support for the … Continue reading Wind Power’s Operating and Maintenance Costs Plunge

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Wind power operation and maintenance costs plummet

Average prices for operation and maintenance contracts in the wind sector have dropped 38% in the last four years, boosting the sector’s competitiveness significantly London and New York, 1 November 2012 – The wind energy sector is making significant improvements not just in the capital cost and performance of its turbines, but also in the … Continue reading Wind power operation and maintenance costs plummet

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Onshore wind energy O&M costs dropping, Bloomberg shows

A recent announcement by Bloomberg New Energy Finance (BNEF) that says the costs of onshore wind farm operations and maintenance (O&M) continue to fall rapidly is further proof that the electricity-generating technology is both affordable and dependable. The wind energy sector is making significant improvements not just in the capital cost and performance of its … Continue reading Onshore wind energy O&M costs dropping, Bloomberg shows

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Wind energy operation and maintenance costs plummet

The wind energy sector is making significant improvements not just in the capital cost and performance of its wind turbines, but also in the ongoing cost of operating and maintaining (O&M) them once installed. This is the message from the inaugural issue of the Bloomberg New Energy Finance Wind Operations and Maintenance Price Index, just … Continue reading Wind energy operation and maintenance costs plummet

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Each MWh of wind energy provides a higher contribution to GDP in most European countries than other generation technologies

Ernst & Young conducted a study that presents an integrated analysis of the value creation potential of wind power. The study was commissioned by Acciona and EDP Renováveis and compares two energy technologies, Combined Cycle Gas Turbines (CCGT) and wind, to analyze the impacts of microeconomic factors such as direct costs as well as macroeconomic … Continue reading Each MWh of wind energy provides a higher contribution to GDP in most European countries than other generation technologies

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Wind Energy Industry: Wind Turbines Power Down Energy Prices

“When the wind turbine is built and is available, it runs. And when it runs, that generally means that natural gas-fired or coal-fired plants do not run, so it puts downward pressure on prices.” Home and business energy costs have been falling in the Midwest, and the wind industry is claiming partial credit. Bob Fagen … Continue reading Wind Energy Industry: Wind Turbines Power Down Energy Prices

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Wind energy and solar is actually cheaper than energy from coal and nuclear power plants

Taking into account health and environmental damage, wind and solar power from new plants in Europe is actually cheaper than energy from coal and nuclear power plants, according to a new report. Many people find it difficult to calculate the true cost of their electricity. Special duties, taxes and subsidies all add up to influence … Continue reading Wind energy and solar is actually cheaper than energy from coal and nuclear power plants

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Wind Turbine Prices Continued to Decline in 2011

Wind turbine prices have dropped substantially in recent years, despite continued technological advancements that have yielded increases in hub heights and especially rotor diameters. Berkeley Lab has gathered price data for 96 U.S. wind turbine transactions totaling 26,600 MW announced from 1997 through 2011, including 12 transactions summing to 2,630 MW announced in 2011. Sources … Continue reading Wind Turbine Prices Continued to Decline in 2011

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Uncertainty Reigns in Federal Incentives for Wind Energy Beyond 2012

The U.S. wind power industry is facing uncertain times. GE and Vestas both secured roughly 29% of U.S. wind energy market share (by capacity installed) in 2011, followed by Siemens (18%), Suzlon and Mitsubishi (both at 5%), Nordex and Clipper (both at 4%), REpower (3%), and Gamesa (2%). There has been a notable increase in … Continue reading Uncertainty Reigns in Federal Incentives for Wind Energy Beyond 2012

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New Database from NREL Makes Costs of Energy Technologies More Transparent

A new web application collects cost and performance estimates for electric generation, advanced vehicles, and renewable fuel technologies and makes them available for utilities, policy makers, consumers, and academics. The Transparent Cost Database (TCDB) app provides technology cost and performance estimates that can be used to benchmark company costs, model energy scenarios, and inform research … Continue reading New Database from NREL Makes Costs of Energy Technologies More Transparent

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