Cost of Wind Energy to Decrease

La Paz Group

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 Energysuggest 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…

View original post 192 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: