NewEnergyNews More: Wind To Keep Getting Cheaper

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  • Monday, September 19, 2016

    Wind To Keep Getting Cheaper

    Wind energy costs set to continue to decline, according to Berkeley Lab

    Joshua Hill, 19 September 2016 (Clean Technica)

    “…[E]xperts anticipate wind energy cost reductions of at least 24% to 30% by 2030, and 35% to 41% by 2050 due to larger and more efficient wind turbines, lower capital and operating costs, and other advancements, [according to a new survey from Lawrence Berkeley National Laboratory. Typical] onshore projects are expected to remain considerably less expensive than its offshore brethren, while fixed-bottom offshore will be less expensive than floating offshore…[T]here are greater absolute reductions, as well as more uncertainty, in the levelized cost of energy for offshore wind as compared with onshore wind…[The experts also] predicted that there could even be a 10% chance that reductions will be more than 40% by 2030, and more than 50% by 2050…[The five key drivers for wind cost reductions are expected to be] up-front capital cost (CapEx), ongoing operating costs (OpEx), cost of financing (WACC), performance (capacity factor), and project design life…” click here for more

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