Cost of Wind Energy to Decrease

Photo via Pinterest

With Deepwater Wind’s Block Island energy farm in Rhode Island completed – all five turbines of it – it’s not surprising to learn that the cost of wind power, just like that of solar, is going to decline in coming years, according to industry experts. Prachi Patel reports for Conservation Magazine:

Wind energy is soaring around the world thanks to technology advances and energy policies that have reduced its cost. And things are only going to get better with prices dropping substantially by mid-century, according to a survey of 163 of the world’s leading wind energy experts. The results, published in the journal Nature Energy, suggest that the cost of electricity from wind could drop by 24–30 percent by 2030 relative to 2014 prices, and by 35–41 percent by 2050.

The key driver of this price drop? Bigger, more efficient turbines, according to the experts. Taller turbines with larger…