26 Jul '16, 3pm

European wind energy is now cheaper than nuclear power

European wind energy is now cheaper than nuclear power

The reason for the drop in price is largely due to the fact that offshore wind farms are becoming cheaper and easier to build. In the past, constructing these farms has been expensive and impractical – and given the relatively low cost of fossil fuels , it simply hasn’t made sense for many companies to invest in the projects. However, the closure of many drilling projects in the North Sea has left offshore installation vehicles without enough work, causing the cost of transporting turbines out to sea to plummet. Other factors which have helped lower the price include low oil and steel prices, reduced maintenance requirements, and the ability to mass produce turbines.

Full article: http://inhabitat.com/european-wind-energy-is-now-cheaper-...

Comments

  1. 27 Jul '16, 5pm

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