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  • Monday, December 18, 2017

    Research Confirms Plummeting Price Of Wind

    New Report PROVES Wind Power’s REAL cost

    Simon Mahan, December 18, 2017 (Clean Energy.Org)

    “…Old arguments regarding variable energy resources, like renewable energy, appear to be falling flat…[In 2016, wind energy surpassed 10% of total generation for fourteen states…Average wind farm installation prices have dropped to roughly $1,590/kW (kilowatt) [according to 2016 Wind Technologies Market Report]. Some projects in the Interior region of the country were installed for roughly $1,200/kW. The national average levelized cost of power purchase agreements (PPA) has reached $20 per megawatt hour ($20/MWh), or 2 cents per kilowatt hour, with a number of projects in the Interior region venturing below 2 cents. Those prices are below long-term fuel costs for natural gas power plants…Wind power remains the top energy resource entered into various interconnection queues, with just over 140,000 megawatts entered, with nearly half that amount entered just in 2016. Solar power is also experiencing explosive growth, with over 80,000 megawatts of solar power capacity entered in to queues last year…[W]ith new planned nuclear and coal units virtually eliminated, it’s clear there are massive changes underway in the electric markets…” click here for more

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