THE BARGAIN THAT IS WIND

The strong economics of wind energy; Major international companies are using wind power to go green and save money.

John Abraham, 28 December 2015 (The Guardian)

“…[Companies are investing in wind because it] is competitive economically…[For] industry leaders like Unilever, BNP, Aveda, IKEA, LEGO, Google, Microsoft, SAP, and others...[it] adds value...Companies want to reduce their emissions and they want access to reliable, inexpensive power…For many of them, wind is the answer…Globally, the average cost of wind is $83 per megawatt-hour…[T]he averages for coal and gas are $84 and $98, respectively. In the USA, gas is slightly cheaper than wind but this is the only large economy where that is the case…[S]olar photovoltaic energy averages $122 globally…There are some additional [system integration costs, market balancing costs, the cost of balancing out variability, and] the costs of reinforcing the grid…[which] might typically amount to 30% of the total costs. However, they are reduced with a properly functioning electrical market…The renewable energy sector also supplies many high-paid and high-skilled jobs…” click here for more

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