Wind’s Price Getting Better
Wind costs heading in the right direction; WORLDWIDE: Wind power's competitive position continues to improve despite historically low fossil-fuel prices.
David Milborrow, 31 January 2017 (Windpower Monthly)
“…Despite the low oil, gas and coal prices of the past two and half years, the renewable-energy industry has remained buoyant…[According to the International Energy Agency (IEA), ‘major transformations’ in global energy will make renewables and natural gas the big winners through 2040. Most renewables-based generation is already competitive without subsidies and, with the oil price now rising to over $50 a barrel, the outlook is even better for] renewables, particularly wind power…Onshore wind energy is already proving to be commercially competitive in some markets. If the cost of electricity from conventional fossil-fuel sources increases, that process will accelerate…[The latest manufacturer’s data] suggests that turbine-selling prices in the third quarter of 2016 were $941/kW, 8% lower than in the corresponding period in 2015…” click here for more