As the graph above indicates, wind energy is already more than competitive with all other sources. Of course, this is just the beginning. New techniques of manufacturing are lowering the cost of building new turbines, and new designs are making turbines so much more efficient and sensitive, that large areas, formerly impractical for wind farms, are becoming cost effective.
For the republicans that dominate the US House, apparently cheaper and cleaner energy is not as interesting as fantastically expensive wars for oil have been. Wonder why?
Worldwide, wind power prices fell to $1.2 million/MW in the first half of 2011, mainly because of improvements in supply-chain efficiency and economies of scale. Competition from Chinese manufacturers and their excess capacity to build machines and flood the market also played a role.
In addition, the capacity factor of wind turbines continues to rise as better technologies enter the market, further driving down turbine costs. Combined, these factors are expected to bring down the cost of wind energy by 12% by 2016, making onshore wind cost competitive with coal, gas and nuclear power.
“Global wind power growth looks very strong and is on a continued rise, largely because of China’s incredible level of investment,” says Konold. “Withhold that, and the picture looks more muddled.
“Developed economies are not reaching their fullest potential due to financial and policy uncertainty, and many developing economies are running into technical problems, despite slightly stronger growth in wind power capacity,” he continues. “Although continued growth in wind power won’t be as strong as it could be, as the supply increases and prices fall, wind energy is quite likely to continue its upward trend.”
Continue reading “Cost of Wind Power Expected to Drop Even Further. Congress Yawns.”



